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
While the resale market for Las Vegas single family homes seems to be holding steady at around 6500 listings actively on the market (not yet under contract) and still tilted towards a seller's market, Las Vegas new home builders are finally opening up new developments around the Valley. Spring in Sprung! With the much...
The supply of single family homes for sale in Las Vegas keeps dwindling at an alarming pace and average home prices are inching upward again. As of June 4, 2012, only 3.923 single family homes remain listed in the Las Vegas MLS as active (not under contract) in Clark County. At the end of April there were 4.594 homes a...
You can unknowingly sabotage your home financing goals by making some obvious and not-so-obvious moves with your finances. Check out the list below to see if you know the top 10 things NOT to do when you are in the process of buying a home or refinancing. Do Not: Transfer money between accounts, unless receiving co...
Buying a home can be a laborious task, especially when all the little details are considered. If the search is taking forever, or multiple offers fell through, it can be very tempting to compromise on certain wants and needs in order to finally secure a new property. While some items are definitely worth compro...
We are often asked what are the most popular neighborhoods in Las Vegas or Henderson. Let's find out and ask the residents! Choose your favorite neighborhood from the list below and cast your vote for the best community in Las Vegas. If you don't see your favorite listed, feel free to post in the comment section below....