Whether you're looking for a great home, investment property, commercial leased location, bank repo/foreclosure, "short sale" or perhaps your own business, call Brian Grady today (702) 498-4508 ( or Email firstname.lastname@example.org ) to discuss a strategy tailored to meet your needs!…..with never any sales pressure!
I'm qualified in all phases of real estate contracts, financing and resolving problems! A long-time resident of Las Vegas since 1986, I'm familiar with all parts of town including Las Vegas, Henderson, Boulder City and Pahrump.My unique background and experience in both residential & commercial real estate, gives you the buyer & seller a competitive edge in today's demanding market place.
The Las Vegas market in 2015 saw prices rise close to 10 percent. For 2016, projections are for the market to increase 10-12 percent...
As you know, the Las Vegas real estate market has been increasing in value at an incredible pace---some neighborhoods have increased as much as 40-50% in the last 3 years!
The Las Vegas Review Journal cited price increases: Local Vegas Newspaper on Recent Home Price Gains
Incredibly low home prices---coupled with historic low interest rates---fueled many investor-all cash purchases. Most homes had multiple offers, sometimes as many as 30 to 40 offers on a single property!
This is all changing…but slowly!
Interest rates have recently increased to almost 4% for a 30 year loan---15 year loans are even lower....
Despite a bump in interest rates, recent price increases has resulted in many investors finding that their investment return doesn’t meet their business model and are moving into other markets across the U.S…..In the last 2 years, there were several big companies coming into town buying up thousands of properties for all cash. This is now changing. Which is good for the long term market…future prices will still be climbing but not at the prior pace.
Inventory of properties for sale (single family, town homes and condos) has increased to about 9,400.....This is a big increase from past years where there were only about 4,000 for sale.
Short sales and foreclosures are down dramatically...distressed properties are now less than 5% of sales. Prior years they made up almost 80% of sold properties. A total shift!
All cash buyers account now for roughly 12 percent of all sales.
Thanks for your past referrals & keeping me in mind for your real estate needs!
Broker-Salesman, Act 1 Realty
27 Years Experience!
NEVER any sales pressure!