Savvy buyers know: the month of the December is THE very best time of the year to pick up deals on real estate in Las Vegas!
Most markets across the United States have a much longer "slow" season for real estate purchases. In the southern sunbelt, which is traditionally snowbird country, the summer months are the best time to pick up a bargain. In the north, once the winter season starts, home shoppers go dormant until the spring.
And all markets around the country see a particularly significant slowdown in the weeks between Thanksgiving and Christmas. Most people are too busy with holiday parties and shopping to give serious thought to buying a home. But in Las Vegas, which has a steady market pretty much all year round, that's the only time buyers are scarce.
And that's exactly when the investors and bargain hunters surface. Home prices are statistically lower in December, and they know that homeowners who leave their property on the market over the holidays are serious sellers ready to strike a deal. It's especially true for the high end luxury home neighborhoods of Las Vegas because most corporate relocations tend to occur during the month of January.
And there is less competition from other home buyers during December too! If you have been discouraged earlier in the year by losing out to multiple offers, this is the time you should be actively pursuing a home. There are fewer bidding wars and the loan process is usually faster too since lenders aren't as busy. (The lending guidelines, however, will still be as strict, so make sure to get your finances in order before writing a contract.)
So if you are serious about investing in real estate, or if you are planning on buying a home for yourself later in the spring anyway, don't let the holidays get in the way of a purchase. That could cost you thousands! Instead, treat yourself to the gift of one of December's "Black Friday" real estate specials. Check out all the great steals on homes for sale in Las Vegas today!
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
Rising home prices are pushing more people to rent that at any time in more than 50 years, according to a new report. A new analysis of Census Bureau data by the Pew Research Center found that more US households are headed by renters than at any time since at least 1965, according to a MarketWatch report.“The to...
by Patty Annis Yes, Las Vegas certainly has a reputation of being pretty wild! And with the ever popular marketing slogan of “What happens in Vegas - Stays in Vegas” it certainly gives someone much to think about….. What really does go on in this town? I have lived here since October of 1984 and through these...
The Tonnesen Team of GreatLasVegasHomes.com would like to take this opportunity to wish everyone a heartfelt "Happy Thanksgiving," and may your homes be blessed with joy. The following is something written by our wonderful Team Manager, Patty Annis, that describes how she feels about this holiday season and being home...
It’s been a year since the start of the Great Recession but it appears that the slow recovery of the US housing market is almost complete.Most markets have returned to normal according to an analysis by the Joint Center for Housing Studies of Harvard University. Its State of the Nation’s Housing report sho...
Well, it's the first day of 2013, and the beginning of a new year of "statistics" for the national real estate market. I thought I would start this year out by posting an article from one of my Realtor buddies in Myrtle Beach, South Carolina at the Harrelson Group. We like to confer about changing market cond...