When I say it is a seller’s market at buyer’s prices this article will re-enforce that fact.

Homes Closed in Las Vegas 17 Month Record

Las Vegas in March had 5,114 of existing homes sold which was the largest increase in 17 months. For our market to sell over 5,000 homes in the month of March is a very strong indicator that Las Vegas is perceived as one of the top real estate values in the world. With the real estate market starting to heat up we could break more records in the months to come. Just to give you a idea how strong the month of March was we recorded 12,515 closing in the first quarter of this year.

Banks are approving more short sales and seem to be picking up the pace in getting paperwork pushed through the system. We are starting to make some progress in selling off distressed foreclosure properties but with more real estate inventory of bank homes to come on the Las Vegas market, it will continue to keep pricing soft.

In today’s real estate market in order to get what I call the “A” grade properties you must be prepared and educated on what you want and where you want this property. With foreclosure homes receiving cash offers and multiple offers and with short sales dominating the market place with most agents not understanding which short sales will close or go to foreclosure. Time is money and that is where we can locate and find you properties that are “A” grade. Yes, I have a system and I will be willing to share this with you. Please call Bob Ratliff at 702-508-8262 or email me at rratliff@remax.net