Las Vegas Housing Shortage? Well, on Foreclosures Anyway.
If you blinked you probably missed the bottom of the market. For the first time in a long time, prices are rising slightly. In June approximately 2400 bank-owned single family homes were sold. There are now only 1990 single family REOs listed. That’s a 24-day supply. Do the math – it’s a shortage. And the median price of single family homes has risen slightly.
Has anyone noticed that the Top10 looks different lately? Perhaps it isn't as noticeable on LasVegasAdvisor.com as it is on our flagship site, Top10RealEstateValues.com. But a quick look will reveal some exciting changes to both sites.
WE DID IT! After a year of promising to bring our clients and my readers valuable information on a more timely basis, Ron has finally found a format that meets his high standards. Top10RealEstateValues.com was a very novel approach when we launched it, but it's success made it tough to keep up with the demands of our clients. It was time to grow.
We'll be announcing the cool new features to a wider audience very soon; there are still more revisions that we need to have in place before we officially roll this out. But two exciting changes that you'll notice right away make this site even more unique, and exponentially more valuable to homebuyers and investors.
First, the Top10 is completely automated. My clients and readers will know ALL of the good deals on Las Vegas foreclosures as soon as they are listed. No more waiting for Ron to post the 10 best values on REOs with each update; now the best deals hit the website within an hour of being listed on the MLS! The website is now updated hourly. And in this hot market, this is information you can use.
The second new feature is the list of Las Vegas foreclosures that closed escrow in the past 24 hours, complete with sales price. The feedback from investors has been very positive. There's much more to come, but these two features alone make this the most valuable research tool out there for those looking to own their own piece of Las Vegas.
So, has anyone noticed I've been missing-in-action for a month? It only appears that way. I've actually been busy building a much larger team so that I can handle my growing client base while still maintaining my reputation for personalized service.
The Robin Camacho Team now has 10 real estate agents, and has expanded to include commercial real estate services. Every client is special to me, and many have become friends. And I like to take good care of my friends. So grow we must.
If you haven't yet signed up for our SmartAgent software, contact me. This phenomenal little cell phone application is making life a lot easier for my buyers who like to drive around and do their own research before we actually look at homes.