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The Las Vegas Market Overview

The Michelle Sterling Team would like to present one of the most financially compelling residential real estate opportunities in the entire country. The market for Las Vegas homes offers savvy buyers the chance to secure a highly attractive long term investment at prices that have dropped to fire-sale levels. Money seeks opportunity and the Las Vegas real estate market is literally drowning in cash buyers as a result. Data compiled by the Greater Las Vegas Association of Realtors documents the astounding percentage of monthly cash closings relative to overall sales activity in Southern Nevada. Due in large measure to aggressive investors, cash purchases of Las Vegas foreclosures and Las Vegas short sales average 40-50% of total completed transactions month after month. This intensive level of buyer interest for Las Vegas homes is reflective of a consensus cash view that current prices represent an overreaction to short-term housing and economic trends as compared to long-term values inherent in the Las Vegas real estate market.

Foreclosures in Las Vegas - An Opportunity