I'm back. The real estate market has been undergoing a correction the past few months. It was decided that rather than try and guess what the market would do, we would just ride it out and then adjust as needed. Well, we think the market is done correcting. The result is more homes are on the market than ever, but more homes are selling each month than ever. Mortgage Interest rates are stable, if not a little lower than they were a few months ago, which is helping keeping the market strong. The New Home market is still very tight with costs rising monthly and waiting lists as long as ever. Las Vegas itself remains a hot destination for new residents and no one sees any end in sight to that trend.
All those factors and more, were considered last night and a new listing price was decided upon. Yes, it's significantly lower than where I was originally priced. But that was in June and the market was very different. Could I sell my original listing price today? Sure. Homes in that price range in my area sell every week. A property right down the street from me sold for $875,000 and many around me are listed at 800K and above.
If you're in the Las Vegas housing market as a buyer, realtor, or investor, I hope you'll look at my listing and then stop on by to see what makes me unique (as I've been trying to describe in the previous entries).
I look forward to seeing you soon!
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