The benefit of insurance is to transfer the risk of loss to a company in exchange for a premium. The deductible is an amount the insured pays out of pocket before the insurance starts covering the
Vegas Prices Of Affordable Houses Go Up But Pricey Homes Stay Falt
What happened in September? Appreciation of single family homes from September 2016 to September 2017 pretty much had single digit increases if the home was priced under $399,000. But over $700,000, the appreciation was flat.
Here is the zip code chart from Fidelity National Title.
As you can see from the zip code map, older neighborhoods in the western quadrant had the best appreciation. 89102 and 1946 had appreciation over 20 percent. That's from the Stratosphere west along Charleston to Rainbow and then down to Spring Mountain. This was for homes priced $399,000 and under.
But the mansions all over Las Vegas stayed flat, except for Summerlin (89134) where prices fell 26 percent.
What does this mean for buyers? Well, get out your checkbooks. It's always good to purchase your dream home in a cooling market.
Sellers? You may have to tune down your hopes of a dream price. When I list a home, I let the sellers select the opening price after giving them reams of data. If we don't get any lookers in seven days, we are lowering the price on day 8. If we have lookers but no offers, we are still lowering the price. And then cut thousands off the price every week until the market says we hit the right price by getting a reasonable offer. This is not personal. It's just business.
Call, text or email if you have any questions about this telling data.
((hugs)) BETH Ellyn
THE Las Vegas Real Estate Concierge
702.758.4318 Talk. Text. SMS. Video chat
firstname.lastname@example.org Google hangouts
MBA: L'ecole du Hard Knocks
Licensed in Nevada since 1996: I have previous
When competence and creativity matter!
Providing service and value computers can't!
Latest Blog Posts
RCLCO, a real estate consultancy, ranks master-planned communities every year based on sales. Our Summerlin ranked No. 4 this year. Summerlin is located in the northwest corner of the Las Vegas
Even though Las Vegas's McCarran International Airport is one of the most passenger-friendly airports on the planet--universal FREE Wi-Fi!!!!!, flying is still a hassle. So I am going to help
Nothing's worse than realizing your device has less than 10 percent battery life left. And that's especially bad when you're on a hot streak at the Vegas tables!Station Casinos has fixed this,