Sometimes life can be straight forward, like when your gas tank registers empty. But concerning Las Vegas real estate life is nolonger what it seems. Like the master magicians that grace our famous strip there is a lot more going on behind the scenes that you may not be aware of.  Historically real estate has been pretty straight forward with the standard statistics of homes sold, average sales price, and number of resale homes on the market.  With the Las Vegas economy loosing some steam, the bubble bursting in Las Vegas home sales and repossessions sky rocketing it seems that Mortgage companies, analysts, auctioneers and anyone else connected with real estate have come up with a whole bag of tricks to dazzle us into thinking the end is near for the Las Vegas real estate bust.

“HURRY BEFORE THE BOTTOM GOES AWAY,”  “BUY NOW,” “SALES ARE RISING DON’T MISS OUT,” “LAS VEGAS REAL ESTATE MAY BE BOTTOMING OUT,” ”MAKE A GREAT DEAL AT OUR HOME ACTION.”  These and more have become the mantra of the real estate and news industry recently.  I even have to laugh at myself for using like headlines in this blog.  But not is all as simple as the number of home sales rising, inventory leveling off, and the falling median home price slowing. There are many other factors in this Las Vegas real estate market that are special and unique to this market.  The behind the black curtain at the magic show stuff and many of you may be under educated in making those important purchasing decisions.

I am NOT suggesting that anything fraudulent or illegal is happening but just like a magician when the audiences eye is looking at one thing something else is going on in the background they don’t see.

Over the course of the next few blog posts I am going to give you some information of what is not common knowledge and may just give you a better understanding of how to better invest in this market.  I am sure that many agents and investors will challenge me about some of the questions and conclusion. But looking at the data and talking with the people on the street who each know a little piece of the puzzle the picture that is revealed is different from what we see in the simple statistics we all historically rely on.

I have been selling real estate since 1977 and have never seen a market as complex and interesting as we are seeing today. Stay tuned, it should be fun.

For the Latest in Las Vegas real estate call Max at 702-334-2200. Your comments and questions are welcome.