| People have been making huge assumptions and | | | | Vegas, L.A. and Orlando. Realistically there is room for |
| predictions regarding the state of real estate on a | | | | home values to come down in Las Vegas while |
| national level and on several local levels. One area that | | | | retaining a value that is far higher than the average |
| has seen much discussion is Las Vegas. During the | | | | American home. |
| past years Las Vegas real estate boomed like nothing | | | | The one thing that investors will never have to worry |
| the real estate business has ever seen and naturally | | | | about is the popularity factor of Las Vegas. This city is |
| there are many people concerned about it's future. Las | | | | one of a select group of cities that is going to maintain |
| Vegas has been heavily invested in by people from | | | | it's popularity no matter what happens in the real |
| around the world and these investors have heard | | | | estate industry. With median home prices up slightly |
| rumors about a crash in Vegas real estate and that is | | | | from the past year Las Vegas homes are not |
| simply not the case. Yes the market has slowed down | | | | dropping in value as the market cools. Owners and |
| but it is hardly the whole scale crash that was | | | | sellers are still looking to get top dollar for their homes |
| sensationalized in the media. | | | | and while some are selling there are far more that |
| The main thing that people tend to forget is the fact | | | | have not allowed for the reduced demand and some |
| that over the past few years the Las Vegas real | | | | homes are languishing. Sellers need to be more |
| estate market has been anything but normal. Investors | | | | competitive in their pricing as those are the homes that |
| have gotten used to the massively inflated demand | | | | are selling. Being competitive in an area that is selling |
| and value regarding properties. That inflation has added | | | | over 1,500 homes a month is an important thing, and is |
| a sense of fantasy to the Las Vegas housing market. | | | | something that sellers should keep in mind. There are |
| It has been a period where what was expected was | | | | buyers out there looking for good Las Vegas homes. |
| far above the national average. This is a trend that has | | | | Just be sensible about what you are offering at what |
| been seen across the nation in "hot spot" cities like | | | | price. |