Las Vegas had a 20.7 percent year-over-year gain in home asking prices in February, and inventory is no longer in a free fall, online listing firm Trulia.com reported.
Asking prices rose 7 percent in the 100 largest metro areas tracked by Trulia, and rents rose 3.2 percent, the comapny's February price and rent monitor showed.
The largest year-over-year price gains were in Phoenix (24.9 percent), Las Vegas (20.7 percent) and Oakland, Calif., (19 percent). The largest rent gains were in Houston (14.5 percent), Oakland (7.4 percent) and Miami (7.2 percent). Rents dropped 0.8 percent in Las Vegas.
Although inventory remains tight, it is now falling less sharply than it had been, Trulia chief economist Jed Kolko said. Inventory declined fastest in the six months just after prices bottomed in February 2012. Nationally, inventory is unlikely to rise this year, Kolko said.
Author:Ivy Beller Phone: 702-526-2298 Dated: March 10th 2013 Views: 463 About Ivy: Over 17 years experience in residential sales, land, multifamily and commercial. Director of sales ...
About Keller Williams Marketplace - Brenkus Realty Network
Rick and Teri Have been top producers for over 30 years in the Southern Nevada and have been ranked in the top 50 agents in the US by the Wall Street Journal out of over 1.3 million agents. They have sold over 7,000 homes in both stable and challenging markets. Their strategies and incredible systems to represent buyers and sellers can not be matched! Sellers enjoy netting top dollar in the least amount of time with their massive marketing and ability to stay ahead of the curve! This Top Producing Team has consistently been in the top 1% of agents Nationally for the last 30 years. They are national speakers and are highly sought after by many who want to get to the next level in their business. They also serve on Professional Standards at the Greater Las Vegas Association of Realtors and are Senior Faculty Instructors. Their list of credentials are endless!
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Keller Williams Realty The Market Place EGGstravaganzaWhen: Friday, M
"Didn't know if it would be the right time to sell and downsize as we had been thinking of. We walked into Rick Brenkus Realty after having heard about the exceptional service and experience from a popular talk radio show.
With absolutely no pressure at all, Rick presented us with the answers we were seeking and within about ten days from our initial meeting, we had an offer to purchase our home at the price we knew was within the market range at the time.
The entire Brenkus team was and still is phenomenal since they not only represented us in the sale of our home but are currently doing the same in the purchase of our new downsized home as well. Rick, Lesa, Oshgene, Alex, Leslie and all the great support staff have been awe inspiring.
Definitely and highly recommend this great team. If you want it sold and have high expectations, this is the team to have in your corner."