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Local market Update
Jan 10, 2014
Things are leveling out.
Nevada is keep slipping from one of the highest foreclosure
states with the new laws. It was even number one more many
months just a few years ago.
Prices were going up starting from 2012 all the way through
summer 2013. Averaging middle double digit of appreciation all
across town. People start having equities again after many years
of decline and bottomed out around 2010-2011.
I’ve seen prices doubling
or even tripling on some of the homes in the valley compare to
their lowest prices around 2009 - 2010.
Home prices tumbled a little bit around fall 2013, homes are
staying slightly longer in the market. Mostly because some of
the home owners that have overpriced their homes are seeing
their homes lasted for longer time in the market.
I see prices hovering stable soon after.
An indication of seller-buyer market coming to an
As lots of investors flocking in and trying to get into the
“game” in the beginning of this decade, they have helped to
stabilize the housing market.
I see even more and more investors have come in and reap
real sweet profit in the last few years.
As with return % on investment get lower with the increasing
of price, I still see the ROI still hovering around 12-16% on
typical rental residential investment property.
This is an indication that Las Vegas is still a great
So let me know if you’re interested in getting into the market,
or If you’d like to cash in your newly found $ in that old house
of yours, along with that tenant you kept complaining about, but couldn’t do much until