May 2013

Latest released statistics show that the Las Vegas real estate market is still 24% BELOW where it should be based on total economic indicators. These economic indicators take into account average local income vs housing costs and rent ratios, Experts believe that even with a 31% appreciation rate over the past year, property prices will continue to increase steadily until Vegas reaches its true market value in another year or so. Resale prices are considerably below the costs of new home construction and demand is far outstripping supply.

Below is a chart showing the top ten most undervalued real estate markets across the United States. All the other areas are centered in the midwest and Florida, making Las Vegas by far the best housing value on the

As the old saying goes, the early bird gets the worm. But if you are a consumer using one of the national real estate sites like Zillow, Trulia, Homes.com, Redfin or Realtor.com to find a home, not only are you missing out on a gourmet breakfast, you are actually paying through the nose to go hungry!

As agents, we get requests all the time to "check out" properties that prospective clients have found on one or all of the sites above. They have just spent hours upon hours perusing the web looking for the right deal.

What the average buyer fails to realize is that these 3rd party national sites only get updated every five to seven days!

This means that even in a "buyer's market," by the time the best deals are listed on the national sites, they

Three gorgeous model homes are up for sale this weekend in the southwest community of Mountains Edge in Las Vegas. These homes come loaded with upgrades and are fully landscaped and ready for move in. Let us know right away if you would like an appointment to see one of these beauties, as the model home park is closed. Give us a call at 702-985-7654.

Model #1 Priced at $256,896

4 bedrooms, 3 bathrooms, 2 bay car garage – 1,852 square feet

Options Included: Granite Counter-tops, 42”birch cabinets, side-by-side stainless steel refrigerator, front loan washer dryer, security system, upgraded stair rail, upgrade interior paint, upgraded flooring, BBQ stub, window coverings, backyard landscaping, large lot—30 feet deep!! This house