Have you considered upgrading your investment or purchasing additional property?
Brian Gordon, a principal with Applied Analysis noted, “The recession brought with it falling home values and foreclosures for the better part of a decade. Now, prices are more realistic. The real estate market is more sustainable.”Gordon said, overall, the Southern Nevada real estate market experienced increased stability in 2015, and he expected that trend to continue into 2016. He described housing prices as more sustainable, with price appreciation averaging about 10 percent, down from the pre-recession high of 30 percent.
Entering the new year, the median price of an existing single-family home sold in Southern Nevada was just above $220,000, compared with $200,000 at the end of 2014. Home prices have bounced back steadily since bottoming out at $118,000 in January of 2012, but are still off from their highs in June 2006 of $315,000.
Going forward into 2016, Gordon believes the underlying fundamentals of the local economy remain sound with population and employment growth rates above the national average, and the region’s core tourism industry pressing forward with all-time high visitor volumes.
If you’re ready to take advantage of today’s prices and low interest rates and upgrade, exchange or liquidate your property to:
- leverage into more investments with your increased equity;
- receive a greater monthly cash-flow of spendable income;
- obtain additional price-value increases as an inflation hedge;
- reduce your monthly expenses; and
- increase your tax benefits.
Call The Lindstrom Group today for a FREE consultation!
We look forward to working with you and becoming your Real Estate and Community Expert.
The Lindstrom Group would be honored to earn the right to support your real estate dreams.