- In April 52% of all homes sold were by CASH. So cash is king but their are a lot of “kings” out there!
April Sales, 52% Cash. - There is a frenzy of buyer activity for houses under $140,000. Most non-short sale homes in this price range will receive multiple offers in desireable locations and reasonable condition.
- Despite the silence in the media, there is only about 4 months of inventory at any one time in Las Vegas. Most experts say that 6 months of inventory constitutes a normal market. Las Vegas has less than that. Which is why investors are pouring back into the market and owner-occupant purchasers are buying now.
- In the bubble market of 2004-2006 investors were buying homes for appreciation but may have not cash flowed. Today, you can buy homes that really cash-flow well. And, there is future appreciation potential as well.
- Since the beginning of the year to the end of April, the days on market of rental properties has declined by half while average rental price has gone up*. Rental demand is back!
*analysis was done on both Summerlin and the Southwest area of Las Vegas for a typical investment home.