NATIONAL ASSOCIATION OF REALTORS SHOWS
DROP IN EXISTING HOME SALES DECEMBER 2023
CLICK HERE TO GO TO NAR'S WEBSITE FOR THE FULL ARTICLE
Copyright ©2024."Existing-Home Sales Slid 1.0% in December." NATIONAL ASSOCIATION OF REALTORS®. All rights reserved. Reprinted with permission. January 19, 2024, Existing-Home Sales Slid 1.0% in December (nar.realtor).
Ok Listen up if you have a home in Las Vegas. Single Family Residential Home 2022 closings are down to new lows going back to 2008 to find lower numbers. Additionally, we are 25% off the 2021 numbers. The number of Properties Listed, and Homes Under Contract with a Buyer all dropped significantly again, turning our market from a Seller's market, to a Buyer's market in about 6-months time.
As a Seller, many Communities are still in High Demand. Many Buyer's seemingly want MOVE-IN ready homes. So those that are updated, Fresh and Clean, are still selling Quickly and at Top Market Prices. Those that need fixing up or updating, seem to languish at those Top of the Market Listing Prices and then sell for Lower anyways. Attached Date from Equity Title shows Listinngs Over-Priced by 46,000!
I have had multiple properties, no matter...
What to update before selling (even in a seller's market)?
Simple kitchen and bath improvements can leave home shoppers swooning over a listing, according to a new study by Knock, a site about homeownership.
Homes are selling fast, but certain home updates can help them sell even faster. An updated home can sell an average of 30% faster than a home without improvements, the analysis shows.
Knock compared the average days on the market for homes that are updated before being listed with those that sellers leave as is. It pinpointed which home updates tend to result in the fastest sales.
“Getting a home ready for sale can be a stressful experience, and the supply chain constraints and contractor backlogs brought on by the pandemic have made...
IS NOW THE TIME TO
SELL MY HOME??
This is the #1 Question we currently get asked in today's market. The question comes in many forms - Is now the time to sell? What is my home worth? How long would it take to sell my home? You have questions - The Morcom Group has answers.
Is Now The Time To Sell My Home? The reality is, today's market is truly a SELLER'S MARKET. The law of supply and demand is to sell when supply is low and demand is high. The current number of homes available is historically low - over 60% fewer single-family homes, condos, and townhomes are on the market compared to last year. This means that the inventory...
Market Is Prime For Sellers And Great For Buyers
It's always hard to know when and if it is right for you to sell your home. To give you a good idea, here is what it looks like to sell your home during this pandemic. Right now the market is a seller's market. A sellers market is a market condition characterized by a shortage of goods available for sale, resulting in pricing power for the seller. A seller's market...
Capital Gains may not be as clear-cut as you think. If you're planning on selling your home, or are just interested in gaining knowledge on the subject, check out these 10 facts about Capital Gains.
1. The exclusion only applies to your primary residence
Your primary residence is the one you live in most of the time. If you own and live in more than one property, you can nominate any one of them as your primary residence. However, you can’t be disingenuous to get the tax concession. The IRS applies certain tests to make sure the home you nominate is your primary residence. Where you work, where other family members spend a major part of their time and where you vote all play a part in determining your primary residence.
2. To claim the exemption, you must live in the home for at least 2 years before selling
The 24 months do not have to run concurrently. So, you could live in the property for 18 months, move out for a year,...
Another beautiful property SOLD by The Morcom Group
The Morcom Group uses both modern marketing techniques and tried-and-true methods to ensure you get TOP DOLLAR when you sell your home. Las Vegas is a SELLER'S MARKET! Now is the time to SELL YOUR HOME!
Thinking of selling? Contact The Morcom Group TODAY!
THE LAS VEGAS REAL ESTATE MARKET IS HOT, HOT, HOT!!
Wait a minute - that's not breaking news. But what IS breaking news is that some zip codes showed up to a 21% INCREASE IN VALUE in 2017?
So where does your zip code rank on this list? Does this affect where you look to purchase your next home?
The Morcom Group can help you not only ask the right questions, but get knowledgeable, relevant answers.
CONTACT US TODAY!!
For a link to the full KTNV article, CLICK HERE
Las Vegas Real Estate is HOT and SELLERS are making out with
THE MORCOM GROUP MARCH UPDATE:
What a fantastic March! We put SEVEN homes in contract, and THREE of them have already closed. We were in contract in under four days with multiple offers.
WHAT'S YOUR HOME WORTH?
CLICK NOW FOR YOUR FREE MARKET ANALYSIS
or VIEW HOMES FOR SALE
Eli Segall of the Las Vegas Review Journal reported last month that Las Vegas real estate market started 2018 looking a lot like the 2017 market: sales and prices climbed from a year earlier as availability plunged.
Buyers picked up 2,261 single-family homes in January,...