Thursday, August 11, 2011

HOMES FOR SALE IN LAS VEGAS - 702-604-7739 - LAS VEGAS REAL ESTATE AGENT TEAM JULY 2011 HOUSING STATISTICS = NEVADA REAL ESTATE MARKET -


HOMES FOR SALE IN LAS VEGAS - 702-604-7739 - LAS VEGAS REAL ESTATE AGENT TEAMJULY 2011 HOUSING STATISTICS NEVADA REAL ESTATE MARKET - 



The above two charts compares the percentage of "Cash" sales to "Financed" sales for the first six months of 2010 and 2011. The majority of cash sales are investor buyers. In general, the house prices purchased by investors are less than properties purchase by buyers who borrow the funds. This trend is one reason that home values are not increasing.


The number of Bank Owned and Traditional sales for 2011 has exceeded the number of sales in 2010. This increase in number of sales could be attributed to the increase in "cash" buyers as indicated on the "Cash vs Financed" chart above.

Visit us on the web at http://www.ballengrouphomes.com or call us at (702) 604-7739 for more information regarding the Las Vegas Real Estate market.  


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