The Vegas Valley Real Estate Market has had another month of over half of the homes being bought by cash. That is almost 1,970 homes last month that were purchased with cash and out of those about 60% of those were under $100,000 which, to me, is an indicator that Investors are making their money work for them by purchasing properties and renting them out for an amazing return on their investment.  Over the past month I have had many questions from friends and clients regarding short sales. It seems that there are many people that are behind on their mortgage payment and don't know what to do. I worked with my real estate partner Keri Lade to put together a quick short sale guide for those that have questions and need help when choosing the best option to avoid foreclosure. Click below to check out a guide I made for Homeowners that are Behind on Mortgage Payments and Don't Know What to Do (please forward to a friend, family member or co-worker that may need help with finding a solution to foreclosure):

Summer is here in Las Vegas - With temperatures warming up, so is the Vegas Valley Real Estate Market! The amount of homes being sold each month are increasing and the available homes to buy are decreasing. This is simple supply and demand - the fewer amount of homes available to buy, the more competition buyers will have when buying a property which means if you are looking to buy a home, make sure you are using a professional that has proven tools and techniques to get you in the best position to compete and ultimately win against other buyers. 

 

This report is calculated by utilizing Absorption Rates and Inventory Depletion calculations. To learn about the importance of these click here. For a more detailed marketing report, click here.