Las Vegas real estate is on the way up after the collapse of the housing market took a toll on the community. The Las Vegas real estate market deflated and received headlines as the foreclosure capital of the U.S. for more than five years as home values dropped. Deals were abundant for buyers who had been waiting to purchase homes and condos.
The median price of a home rose 30% in 2013 and is still on its way up. However, home prices are moving higher but depend on the neighborhood as some areas of Las Vegas rise more rapidly than others. Real estate recoveries are always unequal, whether it’s across a city or the country and Las Vegas’ recovery is no different.
These days many properties are taking longer to negotiate, but buyers who are willing to negotiate are getting deals that haven’t been seen for years. The inventory of homes is also increasing, which provides buyers a better selection of property to chose from on Houses for Sale in Las Vegas, where you can search for homes, condos and other property with unlimited access.
Real estate agent Mike Colpitts is a Certified Expert in Resort Property, Certified by the Worldwide Recreation and Resort Sales Council. Mike knows the Las Vegas market. Mike is also an ex-U.S. federal building inspector, who has been listing and selling property since 1989.
Whether you’re looking for a primary residence, a vacation home, investment property, help with a 1031 Tax Deferred Exchange or to sell Las Vegas real estate Mike’s insight can give you an advantage.
Buying a home, condo or townhouse in a resort market is vastly different than purchasing property in conventional markets. Factors like rental income, resort styles, and differences in amenities are just some of the aspects that come into play that aren’t considerations buying a home in a traditional single family home community.