Las Vegas Real Estate Stabilizing

The Las Vegas real estate market has been hot over the past few months.  It appears the heat just like summer is leaving.  The Greater Las Vegas Association of Realtors announced yesterday that the average home price in September was down 1.1% from August 2013. 

There are several reasons this may be.  I can attest that as an active Realtor in Las Vegas I have seen some neighborhoods that have dropped a couple thousand dollars but this is certainly not across the board.  I expect the main reason in the average price dropping is that more lower priced homes were sold and fewer higher priced homes.  When you average it this will show a slight drop.  Prices certainly are stable and are not falling like a brick. 

As a Realtor in Las Vegas my main objective, besides providing the best service to my clients, is keeping a pulse on the market.  The market started cooling in the middle of August and is not chugging along with no help from the government shutdown but I will save that for another post.

If you have been thinking of selling, now is a great time as prices are up significantly for the year.  Las Vegas real estate is stabilizing and you can get a free report on the current value of your home here.

Preparing to Sell Your Home

Before you put that for sale sign up, there are some basic things every homeowner should do to get the highest price for their house when selling.

1) Curb Appeal - Actually drive by your home as if you are looking to purchase.  How does your home look from the street?  Need to pull a few weeds?  Spending $30 on a few plants and flowers at the local nursery can get you thousands back when you sell.

2) Stage your home. Do you want potential home buyers looking at your photos or your house.  Take down all personal items, this will allow buyers to picture their belongings in the home.  Have as little as possible on those beautiful granite kitchen counters.  Keep the bed made and the house clean.  You never know when the next potential buyer will come through, be prepared.  A clean home that looks good can get more offers and up to 20% more than the exact same home that is cluttered and un-tidy.

3) Ask friends and family for honest feedback and be open to criticism. Be willing to make the changes people suggest.

Just following these couple steps will help you sell your home quickly and at the highest price.  If you are in the market to sell you home in the Las Vegas, Henderson or North Las Vegas area, I will be glad to assist you through the process.  Click here for a home price evaluation.

Home Prices up 30%

The Greater Las Vegas Association of Realtors (GLVAR) announced on Tuesday that home prices in the Las Vegas valley are up 30% year over year, ending March 2013. Additionally, home prices in the area soared up 7% between February 2013 and March 2013, that is a huge jump in a single month. Anyone looking to buy a home in Las Vegas or Henderson, this comes as no surprise.