The current real estate market in the Las Vegas valley is like 2006 all over again. The investors are flooding the market and there are simply not enough homes for everyone that wants to purchase one. This has driven prices up 25%+ over the past six months.
There is good news though if you are looking to buy there is new construction popping up all over the Las Vegas valley. There are new townhomes as low as $120,000 and new houses as low as $135,000. Typically the homebuilders will only sell to people that intend to occupy the home.
For the latest information on the Las Vegas real estate market follow me here or on Twitter at lvhomesbymike. Contact me at mike@lasvegashomesbymike.com and mention you saw this blog and I will pay for a home warranty when you use my services to buy or sell a home in the Las Vegas or Henderson, NV area.
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