Lance Hamrick Blog

Las Vegas Monthly Market Update - June 2015

A Look into Las Vegas' Real Estate Market
Posted by Jesse Olive on June 25, 2015 in No Category
MARKET STATS So far 2015 is looking a lot like 2014 in terms of closings. Both single family homes and condominiums are very close to 2014 levels between January and May. However, the type of buyer has been shifting with prices ratcheting higher during the past year. Investors now make up a relevant but declining share of closings and the higher prices have likely tempered some first-time buyer interest although low interes... read more
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Adjustment in Commercial Real Estate

Finally some meetings of the minds?
Posted by John McClelland on August 23, 2010 in No Category
We have discussed the buyer-seller disconnect several times. Few commercial transactions have been consumated in the past couple of years as sellers have either refused to lower prices due to a different read of the fundamentals, they cannot liquidate due to capital constraints (writedowns for bank owned) or that they simply do not understand what they own or just replace number driven judgements with hope. Similarly, some buyers are unrealistic about pricing. They often believe that everything is distressed and ca... read more
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Top Cities for Absentee Buyers

Of Course, Las Vegas is Present
Posted by John McClelland on July 09, 2010 in No Category
On this blog we have discussed several times about the amount of investors absorbing inventory in our market. We've bought a lot of homes for investors in the past year but it has really piled up in the past few months. Many of these properties obtain solid returns, especially among older properties which are often getting 8-14% ces. It is difficult to find these returns in any asset class in today's world. Inman News has a great article on this phenomenon in Las Vegas and elsewhere. http://www.inman.com/bu... read more
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Pricing Update, Case-Shiller & RPX

Nearly "stable"
Posted by John McClelland on May 27, 2010 in No Category
Recently the Case-Shiller numbers for March were released. The low-tier index (under $125,000) continues to be show an apparent improvement. The middle-tier ($125,000 to $192,000) and the high-tier (over $192,000) continues to be flat or slightly downward bias. The Radar Logic RPX demonstrates a similar pattern. Median indices, which we can calculate more currently, demonstrate continued flattening. Who knows how much of this was market held up by the tax credit that expired in April. In the Las Vegas market, w... read more
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Coldwell Banker Premier Realty Developer & Investment Services Newsletter

Market IQ
Posted by Kristi Pritchett on April 28, 2010 in No Category

Here are the latest happenings in the Las Vegas real estate market! Check out our April newsletter.

http://cbprds.com/newsletterfiles/n3.html

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