Get free access to our world class MLS search tools, save your favorite listings, create saved searches & much more!

Closings on Short Sales Fall While Traditional Sales Are Rising

Posted by Julie Wright on Saturday, April 13th, 2013 at 4:37pm.

Here is the March 2013 real estate update for the Las Vegas market by the corporate broker of Prudential Americana Group Realtors, Forrest Barbee. In this video, Forrest explains why short sales are declining and traditional sales are increasing, and what to expect for the near future for Las Vegas housing.

Bank owned foreclosures have pretty much leveled off, but short sales are beginning to plummet in earnest.Single family short sale closing prices were the only ones to lose ground from February. But the closing price of a traditional single family residence is up 10.5% from the previous month. In fact the average sales price per square foot for the traditional sale was $102 per Sq.Ft. in March.

 

Mastura Roberts
(702) 919-5400
offers@greatlasvegashomes.com

Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052

With over 30 years of experience helping families call Las Vegas "home!"



Related Blog Posts

Smart Home Thermostats for your Las Vegas Home

You've probably heard of them, you might even have walked by them in Home Depot.  But you didn't get one. Smart Home Thermometers can be a HUGE money saver in your Las Vegas Home. Smart thermostats can monitor your home's activity level and adjust the temperature to what is currently happening in your Las...

Taxes are a GREAT Reason to Move to Nevada

According to this year’s Tax Index, Nevada is one of the states that do without one or more of the major taxes: the corporate income tax, the individual income tax, or the sales tax. Wyoming, Nevada, and South Dakota have no corporate or individual income tax making them desirable places to own property. The 1...

Tony N' Tina's Wedding - Vito Las Vegas!

This got to be one of our very own special blog posts!  We have a celebrity in the midst of our own very own superstar agents....introducing Vito Las Vegas! :D Vito Las Vegas aka Vito LaMorte will be working at this Wonderful Dinner Show as Mr. Nunzio, Father of the Groom, Tony!You can catch him every Tuesday...

New Construction of Las Vegas Homes

There is no denying that when you're house hunting, the allure of new construction in Las Vegas is undeniable. The Las Vegas Valley currently boasts dozens of builders with over 1079 floor plans to choose from. While the average price range runs in the mid $300Ks there are Las Vegas New Construction houses available...

British Businessman Vows to Restore Liberace Mansion

An historical remnant of Las Vegas’ colorful heyday made the news this week: the 15,000 square foot Liberace Mansion. Built in 1962, Liberace purchased the mansion in 1974 and made it uniquely his own. Containing only two bedrooms but a whopping 10 bathrooms, the mansion still exhibits evidence of Liberace's original...

Leave a Comment

Have a Question?

Contact Us

Follow Us