Las Vegas Real Estate - SELLERS CASHING IN QUICK!
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.
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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, down 13.7 percent from December but up 5.5 percent from January 2017, according to a new report from the Greater Las Vegas Association of Realtors.
GLVAR President Chris Bishop expects 2018 to be “another strong year” with rising prices, according to the press release. “It’s possible we could even do better than last year in terms of appreciation,” Bishop said.
Last year’s sales total was among the highest ever in Southern Nevada despite plunging inventory, and prices climbed at one of the fastest rates nationally.
According to the GLVAR, around 46,600 homes sold last year, up 12 percent from 2016 and the third-highest tally on record
Homes under $300,000 are selling extremely fast. With 15+ buyers for every home, we are receiving multiple offers within days, making Sellers very happy and getting them top dollar for their homes.
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