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Old 12-17-2018, 09:26 PM
 
2,165 posts, read 2,236,287 times
Reputation: 1324

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I would not take your financial advice from a hedge fund manager who deliberately puts out scareformation to drive up whatever shorts he's planning on cashing in on.
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Old 12-17-2018, 10:36 PM
 
Location: Henderson, NV
461 posts, read 358,839 times
Reputation: 597
Quote:
Originally Posted by Liverpool1960 View Post
"Residents Should Not Panic": Thousands Of Las Vegas Homes Get ZERO Offers For November


https://www.zerohedge.com/news/2018-...ffers-november
I don't see it. Everything under 325k in my neighborhood (Green Valley Ranch/Southfork) goes contingent in 30 days, if not a week. If it has a pool and is under 350k, there's a dozen offers on the first day.

Here are the sold records for the last 3 months:

520 Siberia = Listed 10/24, Contingent 10/27, Sold 11/30
519 Siberia = Listed 10/12, Pending 10/25, Sold 12/6
2501 Foxmoore = Listed 10/10, Pending 10/31, Sold 12/5
2058 Smoketree Village = Listed 9/19, Contingent 9/21, Sold 10/19
2515 New Salem = Listed 9/11, Pending 9/24, Sold 10/10
2535 New Salem = Listed 9/5, Pending 9/19, Sold 10/24
155 Mountainside = Listed 8/29, Pending 9/10, Sold 10/5
2524 New Salem = Listed 8/24, Pending 9/5, Sold 10/11
2068 Smoketree Village = Listed 7/26, Pending 8/7, Sold 9/18
2464 Citrus Garden = Listed 6/6, Pending 9/19, Sold 10/30 (FSBO, overpriced)

Every property had an accepted offer within 30 days, with the exception of the one that listed 50k above estimates as a FSBO.

There are 3 that are contingent right now:

2218 Camelback Ridge = Listed 11/26, Pending 12/2
2851 Skowhegan = Listed 10/25, Pending 11/5
2201 Alanhurst = Listed 9/21, Pending 10/18

Only 3 sit on the market under 325k. All have issues and sellers who are being stubborn because inventory is low.

Anything priced at or near Zillow/Redfin/Trulia/Realtor estimates sells within a few days. And this is the season when no one moves.
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Old 12-17-2018, 11:02 PM
 
Location: Las Vegas
1,902 posts, read 1,327,112 times
Reputation: 1487
The title of this thread is idiotic.
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Old 12-17-2018, 11:03 PM
 
10 posts, read 3,621 times
Reputation: 22
10000 for sale and you quote 10 pending as proof of a sellers market
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Old 12-17-2018, 11:16 PM
 
Location: Henderson, NV
461 posts, read 358,839 times
Reputation: 597
Quote:
Originally Posted by Liverpool1960 View Post
10000 for sale and you quote 10 pending as proof of a sellers market
Pro tip - real estate is local. How far do I need to stretch the boundaries of my neighborhood to please you? It's already 5 highway exits wide.
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Old 12-17-2018, 11:17 PM
 
Location: Here and there, you decide.
11,655 posts, read 22,874,614 times
Reputation: 3932
Quote:
Originally Posted by Liverpool1960 View Post
10000 for sale and you quote 10 pending as proof of a sellers market
Thereís not 10k homes for sale in his neighborhood or subdivision. The prices are still going up. Some areas will take longer to sell then others. Anything under 300 that you donít have to repair is a bargain.
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Old 12-18-2018, 09:06 AM
 
Location: Las Vegas
3,375 posts, read 5,410,390 times
Reputation: 3927
Quote:
Originally Posted by ragabnh View Post
Except for the stock market is rolling down and now they are predicting recession for 2020
It's a given that things will slow down and level off at some point but I think it's a bit premature to be predicting a major decline.

The way things stand now, I am viewing anything the least bit alarmist as clickbait.
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Old 12-18-2018, 09:33 AM
 
1,959 posts, read 2,154,532 times
Reputation: 2087
I've seen the slowdown for a while now I want to say starting in July? However, if a house is priced right, upgraded, has a good sized yard or pool it sells faster than others.
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Old 12-18-2018, 10:55 AM
 
233 posts, read 218,852 times
Reputation: 118
Quote:
Originally Posted by SoHoVe View Post
It's a given that things will slow down and level off at some point but I think it's a bit premature to be predicting a major decline.

The way things stand now, I am viewing anything the least bit alarmist as clickbait.
I agree if you are talking about Real Estate Market, but if you are talking Stock Market S&P is down in three months 13% of its peak in September and volatility rules the market.

I don't want the people to think I am routing for Prices to drop, I want to sell a property that I have by end of 2019 also my retirement money is in the stock market, so I am like the majority hoping for the best. But the Media is talking about slow down in Vegas, I heard it on CBS, CNBC, Wall Street article and even channel 8 local news so there should be some truth to it.
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Old 12-18-2018, 11:00 AM
 
233 posts, read 218,852 times
Reputation: 118
Quote:
Originally Posted by OmegaSupreme View Post
The title of this thread is idiotic.
A post like this is basically trash, if you have nothing to offer then sit read and learn from others, may be it helps you understand what is happening around.
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