702-379-3401
www.DaveRadcliffeVegas.com
Las Vegas Real
Estate Home Sales and Market Statistics- December 2014
December was
a typical month is real estate for the greater Las Vegas area, slightly slower
than most months of the year, but normal, we usually see a slight slowdown
around the holidays.There were a total of 2,615 Single Family, Condominium and
Townhouses closed in December 2014.
Real Estate Market
Breakdown (Approximate):
82% of the
Market was Traditional Resale, for a total of 2,144 homes
10.2% of the
Market was Short Sales, for a total of 266 homes
7.8% of the Las
Vegas Real Estate Market was REO Sales, for a total of 205 homes
We are
seeing a rise in traditional Resale Homes, which is great for the Las Vegas Community
home values. With fewer Short Sales and REO sales it shows the market has once
again stabilized and fewer people are upside-down or in trouble.
Active
Single Family
Residence 7339
Condo/townhouse
1780
Pending
Single Family
Residence 4331
Condo/townhouse
855
Sold past 30
days
Single Family
Residence 2155
Condo/townhouse
447
Sold past
year
Single Family
Residence 28,046
Condo/townhouse
5,967
Las Vegas Home
Sales- Financing Options Chosen
34% Cash
Purchases, 873 home sales
34% Conventional
Financing, 880 home sales
23% FHA
Financing, 608 home sales
8% VA
Financing, 208 home sales
Cash
purchases are down from years past; this is great news for FHA and VA buyers
looking to enter the market as there is less competition with the cash investor
buyer. Interest rates are at a 20 month low, 3.25% FHA, VA, and 3.75% conventional
rates. It’s a great time to refinance or purchase and lock in a great 30 year
rate. The Radcliffe Group can connect you with a great lender that can help you
with your unique situation and loan and share about the best financing loan options available.
Las Vegas Economy
Gas prices are
down 25%, we may see airline flight prices drop; and this would be great for Las
Vegas. Tourism has been strong; we are expecting a slight uptick, but nothing substantial.
Caesars did go bankrupt; we are not seeing any changes to operations at this
point.
As a retired police officer, Dave is passionate
about giving back to the service community and dedicates much of his time
giving and supporting the Las Vegas Metro Police Department, Firefighters and Military
at Nellis Air Force Base. The Radcliffe Group can assist
you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo
and Luxury Home
purchase. Specializing in helping Las Vegas and North Las Vegas homeowners
sell theirhome for the highest market value, Dave and his team will help
you yield your highest profit. Call 702-379-3401 when it is time to sell your
Las Vegas, Summerlin,
Centennial
Hills or North
Las Vegas Home.
Written by Nickel Lowman
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401
www.DaveRadcliffeVegas.com
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401
www.DaveRadcliffeVegas.com
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