BluefoxToday blog : Southern Nevada resales up in April

Southern Nevada resales up in April

There is some optimism in the dry desert air that the Las Vegas real estate market is hitting bottom. At long last. Perhaps. It's still too early, though, to go into any definitive announcements about that. The patient's vital signs do remain quite mixed, that's why.

In any case, 3,198 single-family homes were closed in April, as was reported by GLVAR, or Greater Las Vegas Association of Realtors. In the year-to-year comparison that adds up to a big leap of over 78% and on a month-to-month basis it translates into a solid 7% gain from March. These numbers warm a lot of hearts in the struggling desert valley. Downright affordable prices are drawing scores of buyers to the housing bazaar here, amply bolstered by still low-flying mortgage interest rates.

Please click on the link to read the entire blog.

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Provided by: 

Esko Kiuru
Mortgage, real estate and apartment industry analyst 

www.BluefoxToday.com - syndicated mortgage, housing and property management blog

eskokiuru@gmail.com
My cell: 702-499-1006

Comment balloon 6 commentsEsko Kiuru • May 09 2009 06:09PM

Comments

Esko, maybe like the Friday jobs report not being as bad as everyone thought, with the Vegas resales we have hit bottom.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) over 9 years ago

That is great news to hear.  I hope it is the beginning of a trend.

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (RE/MAX Paramount Properties) over 9 years ago

Esko, this is a lot better news then your last couple of blogs, hopefully next month these figures will even be higher.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 9 years ago

Gary,

Our resales are doing fairly good, we just need to get the inventory down.

Posted by Esko Kiuru over 9 years ago

Jim,

Eventually these decent resale numbers will start eating up the high inventory we still have.

Posted by Esko Kiuru over 9 years ago

George,

The Las Vegas market is still volatile, good numbers here, less so in some other category.

Posted by Esko Kiuru over 9 years ago

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