To give you a real time taste of the Las Vegas real estate market, I will share what I experienced today with showing qualified clients two home in Henderson, NV.
The first home was listed last Tuesday but the notes on the MLS stated the home was only available for showing from 11:00am - 4:00pm Saturday April 6th. I called and made an "appointment" for my clients to view at 3:30pm. We walk up to the home, another family is leaving and another pulling up. We walk in, the home is absolutely immaculate, nice back yard and great roof deck with a view of the mountains as well as the Las Vegas Strip. The home while nice and clean was not over done with crazy upgrades. The owner of the home was taking Realtors business cards and jotting names on a long list. I asked if she knew of any offers and the answer was "at least 20".
The second home we went to was 4 blocks away and listed for only $100 less than the previous home. This home has an overgrown, weed filled front yard. The inside was very basic and 200 sq. ft. smaller than the previous property. This home also has no offers and has been on the market for a month. While my clients we not amused with this property they knew they have no chance of getting the first home since they do not want to pay over list price, they are considering putting in an offer on this second home just so they can get into a place to call their own.
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