Las Vegas New Homes Starting to Show Progress
Las Vegas real estate market has had record home sales for the last few months with a huge demand of first time home buyers and investors still wanting to buy Las Vegas foreclosure properties. Buyer and investors are still looking for that good home and when they do find the home it has multiple offers.
This is driving the first time home buyer to look at Las Vegas new homes. With quite a few Las Vegas builders offering Las Vegas new homes for under $100.00 per sq. ft. This is competetive with Las Vegas foreclosures if you take into account the rehabing involved. Plus you do not get the energy effeciency in older homes and the warranties.
Las Vegas condo market has shown an increase in sales price of 13 percent. With record sales in condos the last few months it has tightened the Las Vegas condo inventory considerably. With the $75K condo going for cash the majority of time and the sales price above asking price by 5%.
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