Home prices on the rise including Foreclosures
September 3, 2009 by Alma Gomez · 1 Comment
http://www.dsnews.com/articles/clear-capital-reports-another-rise-in-home-prices-as-reo-inventories-shrink-2009-09-03
Could this be true? You betcha!! Homes coming on the market are priced to sell and are all too often being bid up in price. Just today I submitted an offer for a home that is $37 a sq. ft. WOW!! I’ll bet a dollar there will be a bidding war on the property. Even if the home sells for $50 a sq. ft. that is less than what it cost to build the home.
Inventory is moving super fast! Our office listed a property and the seller was worried it would take more than 3 months to sell. Was he wrong, there was a bonafide offer on the table in less than 24 hours and in escrow in 2 days.
If you are serious about buying in Las Vegas, now is the time!!
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