What an incredible market!!!! Prices are higher, the deals under 100k are getting scarce. We have 3 people now on our team that our door knocking for more inventory. Wow Door Knocking for inventory - who would have thought!!!!. We are getting sales which is great.. lets get some perspective.
Some sellers are overpriced... those are the ones that are not getting action - if priced right should sell within 14 day time period
Some Listing agents are getting exclusions signed so they can run it by their team and their investors first. Which is too bad for sellers because they might just get a better price. However then again, they don't have the hassle and 40+ people walking thru their home.
Some sellers are priced just right - 40 or more offers!!!WOW
4353 listings on the market today
10654 in Contingent Status - off the market with an offer (typically short sales or inspections)
1688 Pending closed
all the above are condo's, town homes, single family and mobile homes :)
Do we expect more inventory? I have heard that line for the last two years. However, we are seeing an upward trend in NOD's (notice of defaults_ being posted. This could mean more short sales or more foreclosures. On the Other hand... I don't think they are going to drop 5k homes on the market in one swoop.
There some new laws coming out and keep tuned for that next blog.
The time to sell is now!!!! while its a sellers market...
Author:Brenkus Buyer Phone: 702-752-0044 Dated: May 2nd 2013 Views: 663 About Brenkus: ...
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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