January 2013

Found 2 blog entries for January 2013.

California's wealthy are starting to move to Las Vegas NV as a result of the passage of Prop 30 on the November ballot.  As a Las Vegas Real Estate agent, we are seeing a jump in home searches from California.  We're getting phone calls and yes, home buyers have started coming into Las Vegas and buying homes.  Some of the new California Expatriates are purchasing luxury high rise condos to use as a home base that they can lock and leave while traveling to other homes.  Other buyers are purchasing luxury homes in some of Las Vegas and Henderson's most exclusive communities.

Having spent most of my adult life in California before moving to Las Vegas ten years ago, I can assure our California Expatriates that Las Vegas is a great place for expats.  It's

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As we enter the New Year, there are continuing signs that Las Vegas has made it through the worst of the housing collapse.  The number of homes for sale continues to linger with just over a month's supply of inventory.  The number of foreclosures listed for sale is now down to 16% of the inventory.  Only 18% of the current listings are short sales.  

The number of distressed listings is finally dropping to less than 40% of the total homes listed for sale. At the same time, prices are now increasing.  The median List Price has increased by 12.8% over last year and the median "SOLD" price has increased by a healthy 24.2% over a year ago.  Why has the Sold price increased more than the list price?  That's because many sellers, especially short sales and

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