Sunday, October 26, 2014

Las Vegas Real Estate Market Statistics- Traditional Market





Las Vegas Real Estate Market Statistics--We are currently in a traditional market. What does that mean?

Last year, we could through your property on the market and in minutes have 15 offers, and sell it. Easy! That’s not the case now. We actually get to practice real estate again; and it’s important for you to get someone that knows the importance of marketing strategy. The Knisley Group will customize a strategy that will fit the unique needs of your home to get it sold quickly and for top dollar.

About 80% of the homes currently on the market are traditional sales; which means less than 20% of the remaining homes on the market are short sales and foreclosures (bank owned properties). What does that mean to a home buyer? It means you can make an offer and often close within 30 days. For Sellers it means you can actually walk away with cash in your pocket this year.

The other thing to think about when considering market statistics is the season. Summer is over and as we step into Fall, kids are back to school and before we know it Christmas will be here. So that means there’s about a 30-60 day window before the holidays hit, with lots of opportunities out here for both buyers and sellers. It’s a great time to make that move you have been thinking about.

If you enjoy my take on the real estate market and actually understanding what market statistics translate into, subscribe to my YouTube Channel and give us a call, we would love to work with you. Additional resources can be found by calling or checking out our website at (702) 303-7432 

The Knisley Group
 Keller Williams Realty Southwest Las Vegas

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