Coldwell Banker Premier Realty

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September 2015 As we enter fall, there are a few things that we typically observe. One is a buildup in inventory which is often the result of slower sales rates. Another market feature that we often observe is an increase in days on market. This market mechanism, which manifests as strong seasonal patterns, often results in more moderate price changes during the fall months, as demand softens and available supply expands. August figures, which are revealed be... read more
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AUGUST 2015 Looking year-over-year, the number of single family escrows opened and homes closed have been more than respectable.  Closings are up nearly 20% year-over-year when measured in July and the year-to-date numbers are solid also.  Price increases have moderated and we believe this is a welcome pause after the consistency in vibrant price increases.  We have already experienced more price amplification than we expected back in Ja... read more
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MARKET STATS So far 2015 is looking a lot like 2014 in terms of closings. Both single family homes and condominiums are very close to 2014 levels between January and May. However, the type of buyer has been shifting with prices ratcheting higher during the past year. Investors now make up a relevant but declining share of closings and the higher prices have likely tempered some first-time buyer interest although low interes... read more
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The economic crash earlier this decade has left many individuals and families timid about buying a home, when much of the data reveals that it is actually still a great time to buy a home in Las Vegas, NV. The fact that home values are not plummeting OR sky rocketing demonstrates a more stable market than what we have recently seen. Owning remains more attractive relative to renting in many Las Vegas locations, and interest rates are lower than we were accustomed to before the crash. Furthermore, with down ... read more
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