The Spangler Group
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Featured MLS Listing
The Las Vegas real estate market is constantly changing.  In 2011, we were sitting above 14,000 housing units for sale.  Approximately 50% of all homes for sale were short sales and most real estate agents were caught in a learning curve.  Somewhere around 25% of the homes were bank owned.  There were investors down at the auction buying and flipping.  If the home wasn't a short sale or a bank owned home, it was most likely an investor who was looking to turn a quick 15 to 20% return.  As we were turning the page on 2011, we noticed the incredible rates of returns investors were getting buying and holding their properties as rentals.  Rates of returns were climbing to some of the highest in the country. 
 
Now it's 2012!  The buy and flip has converted to the buy and hold.  Investors who were able to purchase homes at the auctions for 25% margins are now finding it difficult to clear 15% margins before rehab.  The profit is in the rental rate of return and future sale at a conservative appreciation estimate.  New laws have prohibited banks from rapidly foreclosing on homes without proper documentation.  Banks face heavy legal consequences for hasty foreclosure procedures.  As a result, housing inventory has dropped to 5 year lows.  With high investor demand, traditional demand doesn't have to be that strong to still create a rush on existing properties.  We are seeing multiple offers on almost all available homes.
 
We are experienced and knowledgeable about these current trends, and it takes a savvy and aggressive individual to navigate their way through this market.  Today, more than ever, it is important to ally yourself with a team of  agents  who can guide you safely. We believe in educating our clients and investors on the merits of each potential transaction by insuring they know as much if not more than we do about the process. 
 
Please contact our office today at 888-999-8449 or local at 702-604-2106 to discuss your goals.   
 
 
 
 
 
 
 
 
 



 
 

 


 

  • Realty One Group

  • DRE License# 34913

  • 10750 W. Charleston Blvd #180
  • Las Vegas, NV 89135
  • Tel:  888-999-8449
  • Fax: (702)933-9007
  • Dir:  (702)604-2106
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