Las Vegas on the Real Estate Rebound

Las Vegas has the fastest rising home prices for both single family and condos in the United States, this from Chief Economist at Trulia, Jed Kolko.  Until recently this spot had been held by Phoenix, AZ but due to a large number of investors coming into the real estate market her in the Las Vegas area, prices are up 26.4% year over year. It has only been 13 months since prices had bottomed out here in Las Vegas during the economic downturn.

Anyone that has been looking for a home recently knows the battle out there when it comes to buying a home.  Multiple offers are still happening everyday, although the higher the price of the home the easier the fight gets.  Homes prices under $150,000 are getting more scarse so expect to put in several offers before you get your accepted.  Prices of homes over $250,000 have less competition but in certain neighborhoods, like some areas of Summerlin, you may have 10 buyers thrying to get the same home.  There simply are not enough homes on the market.  If you are looking to sell, now is the perfect time.View Homes Here