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Winter 2012 Market Update
Foreclosures are getting multiple offers.
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| Average Home Price | $425,000 - View Graph Trend |
| Average Price Compared to Last Year | Down more than 30% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $300,000 - $349,000 |
| Worst Selling Price Range | $750,000 - $799,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Lake Las Vegas is | Increasing |
| Seller Activity for the past 90 days in Lake Las Vegas is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Sellers are getting Multiple Offers on Bank Owned Properties |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Financing is available for those that qualify for: FHA, Conventional and Canadian Nationals (some restrictions apply) |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Lake Las Vegas! |
| Nearest Metro Area | Las Vegas |
| Housing Hot Spots | Most cities within the Clark County area are considered ’Housing Hotspots’ |
| Average Sold Price | $425,000 - View Graph Trend |
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Lisa Hendley
Keller Williams Realty-The Marketplace I
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