Tuesday, February 16, 2016

I have been to Las Vegas so many times that I actually lost count. I love it and have a ton of fun every time I visit. One of the things I never really paid attention to while I was there was the real estate market. But today, as I am watching it rain and snow, I was wondering what the weather was like in Las Vegas which of course got me interested in checking out the real estate market there. As a side note, the weather is about the same there as it is right here now, however, by next Wednesday it is going to be in the low 70’s, awesome. Like the rest of the United States Las Vegas real estate peaked in 2007 at about $306,000 median home price and finally bottomed out in 2012 at about a $110,000 median home price. That was a massive hit. Homeowners lost about 64% of their value. The good news is that the real estate market has been coming back pretty strong since 2012 with the current median housing at about a $200,000 median price. In just 4 years the median home price in Las Vegas has almost doubled. That is pretty exciting. Personally I think this is a good time for home buyers to jump in. While many other parts of the country all already seeing the peaks of 2007 home prices, Vegas still has a long way to go. This means home buyers that get in now, can be in for a nice long ride of appreciating home values. You can look for homes for sale in the Las Vegas area at http://www.homefinderslv.com/. That site is clean and easy to navigate and find what you are looking for. I highly recommend you start looking for your dream home now. For those home buyers that timed the market well and bought in 2012, now is the time to look at selling and look at upgrading into a newer home, a bigger home, or a home in a better area. You are going to have a nice chunk of money to put down on a new home and keep your payments pretty close to where they are now. If you are thinking about selling I would recommend visiting http://www.sellingthecity.com/ and giving Tina Haugen a call. 5If you are not interested in selling, you may want to think about refinancing. You could take out some of the equity in your home and look at investing in a rental. It could be a single family home or even multi-family. Heck, investing in a vacation rental might even be a good idea. Anyway, check out the Las Vegas real estate market. It is on its way up and there is still a lot of room to go. Get in now while you still can. And don’t forget to call Tina whether you are buying or selling.

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