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Old 02-24-2014, 07:03 AM
 
Location: In the middle of nowhere... and enjoying it
1,933 posts, read 819,598 times
Reputation: 1796

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Quote:
Originally Posted by ragabnh View Post
It seems that we are in second place when it comes to forclosures, there is'nt much on the market though!

Top 10 states for foreclosures this past year - MSN Real Estate

Las Vegas market is also still investor driven as over 45% of all January closes were apparently cash transactions.
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Old 02-25-2014, 05:56 AM
 
743 posts, read 968,332 times
Reputation: 531
there really is no other place to put your money these days that's a guaranteed 5% to at least stay ahead of inflation. I'm actually hoping real estate takes another hard dive but it probably won't happen.
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Old 02-25-2014, 08:18 AM
 
2,180 posts, read 4,535,965 times
Reputation: 1087
won't...
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Old 02-25-2014, 11:38 AM
 
Location: Paradise Palms, Las Vegas, Nevada
555 posts, read 1,258,902 times
Reputation: 712
Default las-vegas-home-prices-defy-national-trend-show-increase

We'll take whatever we can get!

The price increase in Las Vegas was a modest 0.41 percent.




Las Vegas home prices defy national trend, show increase | Las Vegas Review-Journal
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Old 03-02-2014, 11:40 PM
 
171 posts, read 218,930 times
Reputation: 106
Default Todd Miller Youtube Update


Sneak Peek of 2014 - Las Vegas Real Estate - YouTube

The lady mentioned multiple offers and predicted a 9% appreciation in 2014.
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Old 03-03-2014, 12:20 AM
 
12,973 posts, read 15,796,460 times
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Prices up a bit in February. Expect median flat to up 5K.

Volume has begun to pick up.

Inventory is holding flat at a little over 3 months.

The odds at this point have to favor a pretty strong spring rise.
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Old 03-05-2014, 09:18 PM
 
295 posts, read 362,383 times
Reputation: 215
Quote:
Originally Posted by TomKBL View Post

Sneak Peek of 2014 - Las Vegas Real Estate - YouTube

The lady mentioned multiple offers and predicted a 9% appreciation in 2014.
I just wonder how did she come with the figure 9%, why not 15% or 5%. I just watched Lebo March Video and he says that February sales are down 24% from last year same time despite inventory is significantly higher, so how all this work together, I am really confused now.
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Old 03-05-2014, 10:21 PM
 
12,973 posts, read 15,796,460 times
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Quote:
Originally Posted by ragabnh View Post
I just wonder how did she come with the figure 9%, why not 15% or 5%. I just watched Lebo March Video and he says that February sales are down 24% from last year same time despite inventory is significantly higher, so how all this work together, I am really confused now.
Lebos numbers are well off. He is underestimating the month end hang over.

For instance in January there were 2066 SFR sales and in February around 2020. Median is up 5K at $190K. Sales volumes are going up.

Where Lebo is wrong is in trying to compare last Feb and this Feb. It is last Feb that was weird. It was a full scale feeding frenzy. This year is more normal if that term can be used with respect to LV Real Estate.

Lebo will soon have to start eating humble pie. This looks pretty much like a normal spring with increasing sales and likely price as the temperature goes up.

If March is up 15 or 20% that will make it clear.

And I do not think the Lady meant 9%...she meant more than 5% and less than 15%.
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Old 03-08-2014, 01:33 PM
 
Location: Paranoid State
13,044 posts, read 13,861,555 times
Reputation: 15839
Quote:
Originally Posted by logline View Post
Definitely does not bode well for future prices. Perhaps it's seasonal, but we really won't know if this is a problem until summer.
Quote:
Originally Posted by lvoc View Post
It will be clear by March.
lvoc, it's now March; did it clear?
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Old 03-08-2014, 01:36 PM
 
Location: Paranoid State
13,044 posts, read 13,861,555 times
Reputation: 15839
An interesting take on higher-end real estate in Las Vegas:

Big House Deals in Las Vegas - WSJ.com : "Big House Deals in Las Vegas; Buyers emboldened by the recovering economy take advantage of reduced price tags"
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