How can unrealistic initial list-price doom high-rise listings?

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This post will show how unrealistically high asking list prices can doom high-rise listings from the get-go.The number one goal of listing agents while selling Las Vegas high-rise condos should be getting all willing and financially able buyers to see the listing. And that requires the correct asking list price …

Las Vegas residential high-rise and condo-hotels differences

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What are the differences between Las Vegas residential high-rise condos and condo-hotels?We can divide Las Vegas high-rise towers into two categories, residential and condo-hotels. The difference is how long the unit can be rented and how the revenue is divided. Condo-hotels have appreciated far less than residential towers, and the …

Las Vegas condo-hotels hit hard by the COVID-19

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While Las Vegas condo-hotels sales had dropped in 2019, COVID-19 exasperated the situation in 2020 and condos can be bought at large discounts in 2021Las Vegas condo-hotel towers consist of Platinum Hotel, Signature at MGM Grand, Palms Place, CityCenter Vdara, and Trump International Hotel that we call Trump Tower. When …

Silly low-ball offers on our Las Vegas home listing

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Unfamiliarity with the housing market reports result in extremely silly low-ball offers on Las Vegas home listingIn a Realtor’s forum, I saw a post from a Realtor complaining about a new home salesperson refusing to show her offer to her supervisor, saying that she did not doubt that her supervisor …

No tsunami of foreclosures in Las Vegas due to COVID-19

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Positive equity should prevent a tsunami of foreclosures in Las Vegas in 2020In this post, we will explain why we shouldn’t see an avalanche of foreclosures in Las Vegas as a result of the COVID-19 recession. The Great Recession of 2007-2011 resulted in a tsunami of foreclosed homes, condos, and …

Pros and cons of mortgage forbearance of 2020

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What is a mortgage forbearance, and what is it not?To protect homeowners from the Coronavirus hardship the United States government came up with the CARES Act, which includes six months of forbearance for a government-backed mortgage loans, which is extendable by another 180 days. As of June 3, 2020, 4.37 …

The best time to buy or sell homes in Las Vegas, video

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Obviously the best time to buy homes in Las Vegas is the worst time to sell them. But when is it? There is actually a best time to buy or sell homes in Las Vegas. Throughout the years we have done thousands of quick CMAs to find the best priced …

Is median price the best benchmark to analyze housing market?

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Is median price the best benchmark for Las Vegas housing reports? No. Then what is?Las Vegas housing market reports have been based on the median price of homes sold which is $313,000. This is how it has been done since the beginning.  But is it the best benchmark to measure …

Inflation-adjusted record median price of Las Vegas home in 2006, $390,000

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Interesting point about the inflation-adjusted median price of Las Vegas homes and why we disagree with Realtor.com housing market reportLas Vegas Review-Journal has become subscription-based, so I can’t share their articles any longer. However, there were two points in their housing section that I think should be shared. 1: The …

Unusual Las Vegas real estate market forecast for 2020, Video

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Las Vegas housing market should have witnessed far better price gains than it did but why it didn’t? In order to do a Las Vegas real estate market forecast for 2010, we have to take a look back at a very unusual 2019. The law of supply and demand is …