Lisa Lundt's (lisalundt) Blog

Home prices continue to weaken since the beginning of the year.  Las Vegas houses have lost, on average, more than half their value since 2006.  They're now selling for less than they did in 2000.  Sales activity remains focused on the low end as investors seek out available opportunities.  We're...

I was recently contacted by a client whose house we had tried to sell as a short sale a year ago.  Despite bringing multiple offers to the lender in the $250,000 to $260,000 price range, the lender refused all of them.  The property eventually went back to the lender and was sold for $207,500.  M...

For the first time in over a year, listing inventory in the greater Las Vegas valley fell below 20,000 single family residences and condominiums.  This is extremely good news for our market.  We have been plagued by too much supply.  The population of the valley should support an inventory of aro...