Feb 26, 2013, Posted by: Summer Bowen
Last month Las Vegas Valley?s new home market showed signs of starting to bloom with rising sales and construction plans.
Las Vegas-based Home Builders Research reported 513 new home sales in January which is up from just 217 a year earlier. ?This is also the highest January total since 2008. ?Local builders pulled 610 permits in January which is up from 222 a year ago.
The research firm President Dennis Smith reported that most sales are now ?at or above? the listing price, and about 94 percent of sales are cash transactions. If prices continue to rise, Smith wonders if Las Vegas will again see apartment-rental buildings transformed into for-sale condos.
Smith also wrote the following, ?These are indeed amazing changes?After 35 years tracking the housing market, we have learned never say never or always when it comes to housing.?
If you are interested in buying a new home, it would be a good idea to have a Marshall Stearns Real Estate Agent represent you.
Source: ?New Housing Market off to Strong Start? Vegasinc.com?
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Source: http://www.marshallstearns.com/las-vegas-real-estate/new-housing-market-starting-to-bloom/
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