Las Vegas Housing Market Stabilizing, New Hope for Sellers of Las Vegas, NV Luxury Real Estate

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Las Vegas, NV Luxury Realtors of The Anter Team report that the Las Vegas real estate market is stabilizing. The drop in home prices has eased and home sales are rising.

Investors are realizing that there are many advantages in investing in Las Vegas real estate now.

The Las Vegas housing market is showing signs of stabilizing, reports the Anter Team, a leading Las Vegas, NV luxury real estate brokerage. According to a recent CNBC news release, only 13 percent of sellers in Las Vegas slashed prices in April 2010, a dramatic improvement from April 2009’s 28 percent.

“What’s more,” says Las Vegas, NV luxury Realtor Gary Anter, “based on figures from DataQuick, the number of resales here has been increasing for 23 months straight, year-over-year. The home sales for March of this year, for example, have been the highest March home sales in four years.”

While the team, as well as other analysts, remains cautious about the market, other positive figures give new hope for home sellers in the region. The first quarter of 2010 showed a striking decrease in the rate of declining home prices. The median home price declined by only 14.7 percent in the period spanning 2009 and 2010’s first quarters, compared to the 31.5 percent price decline from the last quarter of 2008 to the last quarter of 2009.    

“These numbers show a good start for this year,” says Anter. “Investors are realizing that there are many advantages in investing in Las Vegas real estate now.” Anter and the rest of the Anter Team specialize in selling Las Vegas luxury properties such as homes in The Ridges, Las Vegas real estate in Summerlin. They have sold more multimillion dollar homes in 2009 than any other seller’s agent in Las Vegas.

“While the improvement that the market is showing is definitely a positive thing for all of us,” says Anter, “we at the Anter Team have always prided ourselves on successfully selling homes no matter the state of the market.” For more information on luxury real estate in Las Vegas and to view their portfolio, visit the team’s new interactive website, http://www.AnterTeam.com.

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Gary Anter
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