Las Vegas: record prices!
Cities like Las Vegas are always targeted by news in every sector. Even the real estate one! This time there is no doubt. Las Vegas housing prices are reaching historic highs! And the offer? It is always limited. But let's find out more about this situation.
According to what has been compiled by the main institutes dealing with real estate surveys, it appears that single-family homes in Southern Nevada are on average sold for $ 300,000. A price that sees an increase of 4% compared to September of last year. Even the prices of condominiums are no joke. Even if the increase is 0.6%, the fact remains that exorbitant levels are being touched in every area of real estate.
The increase was however gradual, and demand remains strong despite the fact that the offer is so stringent. Why, then, does the Nevada and Las Vegas real estate market in particular seem to suffer no particular damage in terms of transactions?
Well, although this situation may seem rather critical, the fact remains that buying a property is worthwhile (at this historical moment). At a time when the crisis seems to be long gone, a solution must be sought in every way to allow the individual to make a secure investment that can bear fruit over time.
And what better way than investing in real estate?
The specter of the return of a crisis has aroused in the potential buyers the desire to appropriate new real estate structures, despite the prices have increased.
But we must remember that we are talking about a very particular city. Las Vegas is not just a simple Nevada metropolis. But it is also one of the places in the world with a very strong identity.
But do you want to know another particular element of this almost paradoxical situation? 25% of all real estate properties sold in Nevada were purchased in cash. Symptom of a population of investors who absolutely do not want to be subject to mortgages and / or long-term loans. Long live the zero rate!
In conclusion, however, we have decided to include the salient points (critical and otherwise) of the situation that the Las Vegas real estate is experiencing.
First of all, the total real estate transactions in September. As many as 995,000,000 dollars for homes combined with 125,000,000 condominiums, skyscrapers and townhouses. For a general increase compared to last year of 20%.
The main volumes derive from sales contracts characterized by slow rhythms compared to last year. The maximum limit for the presence of a property in the Las Vegas real estate market is 60 days.
What to say, the situation, although being critical, does not seem to upset investors at all, indeed! Who knows what the implications for the Nevada real estate will be? While waiting to discover them, we invite you to stay updated on our portal, to discover the latest news!
According to what has been compiled by the main institutes dealing with real estate surveys, it appears that single-family homes in Southern Nevada are on average sold for $ 300,000. A price that sees an increase of 4% compared to September of last year. Even the prices of condominiums are no joke. Even if the increase is 0.6%, the fact remains that exorbitant levels are being touched in every area of real estate.
The increase was however gradual, and demand remains strong despite the fact that the offer is so stringent. Why, then, does the Nevada and Las Vegas real estate market in particular seem to suffer no particular damage in terms of transactions?
Well, although this situation may seem rather critical, the fact remains that buying a property is worthwhile (at this historical moment). At a time when the crisis seems to be long gone, a solution must be sought in every way to allow the individual to make a secure investment that can bear fruit over time.
And what better way than investing in real estate?
The specter of the return of a crisis has aroused in the potential buyers the desire to appropriate new real estate structures, despite the prices have increased.
But we must remember that we are talking about a very particular city. Las Vegas is not just a simple Nevada metropolis. But it is also one of the places in the world with a very strong identity.
But do you want to know another particular element of this almost paradoxical situation? 25% of all real estate properties sold in Nevada were purchased in cash. Symptom of a population of investors who absolutely do not want to be subject to mortgages and / or long-term loans. Long live the zero rate!
In conclusion, however, we have decided to include the salient points (critical and otherwise) of the situation that the Las Vegas real estate is experiencing.
First of all, the total real estate transactions in September. As many as 995,000,000 dollars for homes combined with 125,000,000 condominiums, skyscrapers and townhouses. For a general increase compared to last year of 20%.
The main volumes derive from sales contracts characterized by slow rhythms compared to last year. The maximum limit for the presence of a property in the Las Vegas real estate market is 60 days.
What to say, the situation, although being critical, does not seem to upset investors at all, indeed! Who knows what the implications for the Nevada real estate will be? While waiting to discover them, we invite you to stay updated on our portal, to discover the latest news!
