September Update

Hi,

I speak to people daily about the housing market and everyone I speak with wants to buy. They’re either ready to buy now, or waiting for the market to crash. I’ll continue to say; until I’m proven wrong that the market isn’t crashing its correcting.

Yes prices have come down and we don’t know when they’ll stop, but we can never perfectly time the bottom. Buyers and sellers have to make the right decision for their family despite the outlook of the housing market. A home is Real Property and will most likely be here well after we’ve passed on. No matter the chatter, real estate is the best investment. You just have to find the right deal.

Interest rates are also a concern for buyers and they should be.

Believe it or not, a home priced at $500K with a 4% interest rate has a $10 payment difference from a home priced at $400K and 6% interest.

CLICK HEAR TO SEARCH THE MLS Las Vegas Market Snap Shot TOTAL PROPERTIES AVAILABLE Single family: 7,882 Condo/ Town homes: 1,845 High Rise Units: 450 Multi-Family, 2-4 Units:  77 Manufactured Homes: 100 TOTAL PROPERTIES IN ESCROW Single family: 2,370 Condo/ Town homes: 671 High Rise Units:  49 Multi-Family: 2-4 Units:  56 Manufactured Homes: 28 PROPERTIES SOLD IN AUGUST Single family: 1,896 Condo/ Town homes: 595 High Rise Units:  79 Multi-Family, 2-4 Units:  33 Manufactured Homes: 32 MEDIAN SALES PRICE FOR AUGUST Single family: $450,000 Condo/ Town homes: $265,000 High Rise Units: $380,000 Multi-Family, 2-4 Units:  $550,980 Manufactured Homes: $227,500 MEDIAN SOLD DOLLAR PER SQFT FOR JULY Single family: $255 per sqft Condo/  Town homes: $234 per sqft High Rise Units:  $422 per sqft Multi-Family, 2-4 Units:  $172 per sqft Manufactured Homes: $169 per sqft SEARCH FOR Short Sales Foreclosures Homes by Zip Code Homes by School Zone Homes by Community Single Story Homes High Rise Tower Name Condo/ Townhomes Luxury Homes $1M+ Multi Family Homes