Las Vegas Real Estate Market Data

Let go of the past"The man who views the world at fifty the same as he did at twenty has wasted thirty years of his life" ~ Muhammed AliFocus on the good things"Some people are always grumbling because roses have thorns; I am thankful thorns have roses" ~ Oriana FallaciAnd have faith"The best and...

Closings in Boca Raton changes the  luxury condo supply.  Condo listings jumped 52 units (7%) in 7 days.  With a reduction in closed units to only 9 in the last 30 days, suppy has extended to 88 months - if last week's numbers were to remain constant. Look for some opportunities in this market se...

The Credit Crunch.  What a difference a few weeks can make.  While the fed tries to determine whether or not the real estate economy is in need of resuscitation, here are some figures in the Las Vegas market to help make a decision.In just 7 weeks the Las Vegas market has slowed significantly.  H...

Here are comments I submitted to a relo company today when asked to do a second opinion on a home on the market with a very competent agent at CB Premier. The subject is a very nice home; well maintained in side and out.  Any buyer could move right into this unit.  Positives are condition, "feel"...

"Procrastination is the fear of success. People procrastinate because they are afraid of the success that they know will result if they move ahead now. Because success is heavy, carries a responsibility with it, it is much easier to procrastinate and live on the "someday I'll" philosophy." Denis ...

The overall market median for Las Vegas real estate has not moved as much as agents know it has.  The active million plus market continues to prop the median for the market.  I keep track of homes the average Joe buys.  The median price for a 1500 square foot home in August fell 4.3% to $255,500 ...

End of month brings reprieve to inventory growth.  But it is only temporary due to the end of month on a weekend as well as a holiday weekend.  The market though remains a concern.  Even with a decrease of 170 total listings, the months to absorb inventory (supply) grew to more than a whopping 21...

More bad news on the market?  Maybe not.  New home builders sales are way down. But so are the new home permits.  If one was to visit new homes tracts around the most desirable areas of the valley it is getting tougher to find any inventory to buy.  There is always a lag in the new home industry....

He who rejects change is the architect of decay. The only human institution which rejects progress is the cemetery . ~Harold Wilson I am certainly not one of those who need to be prodded. In fact, if anything, I am the prod. ~Winston Churchill I dream my painting , and then I paint my dream . ~Vi...

A simple message today. What is written below has been incorrectly credited to Nelson Mandela as part of his 1994 Inauguration Speech. It was in fact written by Marianne Williamson, an author. It is beautiful regardless. Read these words. Change your perspective. " Our deepest fear is not that we...