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Las Vegas Real Estate Has Many Positives in 2009, Despite the Current Recession

There is an interesting article recently posted on DSNews.com regarding several positive stastics for Las Vegas in 2009, despite the troubled market.

According to data recently released from the Greater Las Vegas Association of Realtors (GLVAR) and my local real estate firm Prudential Americana Group,  approximately 95,000 transactions (47,500 home sales), were made here in 2009. 

Our CEO, Mark Stark, reported that Prudential Americana was involved in more than one out of every 10 home sales in Las Vegas last year!  He further states "even though the average sales prices are down, we posted nearly 50 percent more transactions than we did the previous year. That is a great sign that the market is stabilizing."

Forest Barbee, Prudential's corporate broker and GLVAR board member, also reported that "prices are down 14 to 15 percent year over year, but that is a victory after dropping three percent per month,".

More from DSNews.com...

If you are interested in Green Valley, Henderson, or Summerlin Real Estate, contact:

Michelle Natale
The Natale Team
Prudential Americana Group

www.natalesellsvegas.com



http://www.buyvegashomes.com/00A5BB
Posted on January 12, 2010 16:57:53 by Michelle Natale

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