Mary Kennedy, Realtor

After years of instability in the wake of the housing market collapse, the Las Vegas Valley Real Estate market could finally be seeing things turn around.

According to a recent report from DataQuick, there were a greater number of homes sold in Las Vegas in February on both an annual and month-over-month basis. A report indicated that there were 4,240 transactions of both single-family homes and condominiums. This is a 5 percent increase from the previous month, and an 8.9 percent rise from a year earlier.

The Las Vegas marketplace has been flooded with foreclosures and distressed properties during recent years. As a result, a majority of home sale transactions are occurring in the low-end of the market. The report noted that the sales rate of homes less than $100,000 surged 18.9 percent in February on an annual basis and accounted for 42.8 percent of all transactions. In contrast, the rate of home sales for more than $300,000 edged just 1.1 percent higher.

Housing instability in Las Vegas could be seen as negative by a number of people, especially current homeowners. However, falling home prices has made the prospect of purchasing a home for sale in Las Vegas much more affordable for entry-level home-buyers.

Now you may ask! What can I get for $100,000 in the Las Vegas Valley today? You’re going to find this hard to believe, but
click here to take a look—> Single Family Homes from $95 to $120K

Now as you look through these homes, ask yourself: When National housing prices begin to turn in 2013 (as the geniuses predict), wouldn’t you be happy camper in 3 to 5 years knowing that you purchased a home in the Las Vegas Valley at the absolute bottom of the market back in 2012?

Think about it and give me a call because the time to buy low is now.

Kindest Regards,