Investors stand to win in this down market, says Henning, they have a myriad of options to choose from when it comes to undervalued commercial and luxury residential Las Vegas bank-owned properties.
(PRWEB) June 21, 2010
The Las Vegas real estate market is currently one of the most undervalued markets in the United States, reports Jessica Henning, the Broker/Owner of top real estate brokerage firm STATUS International Real Estate. Citing figures from CNN/Money Magazine and IHS Global Insight, Henning notes that investors now have access to an unprecedented number of excellent commercial and residential real estate investment opportunities in the Las Vegas metropolitan area.
According to IHS Global Insight’s recently released quarterly study, House Prices in America, Las Vegas is one of ten metro areas in the country where prices have declined by over 50% from their Fourth-Quarter-of-2005 peaks. “Investors stand to win in this down market,” says Henning, “they have a myriad of options to choose from when it comes to undervalued commercial and luxury residential Las Vegas bank-owned properties.”
An authority on Las Vegas commercial foreclosures and luxury residential REO properties, Henning also reports a surge in interest from international buyers. “Canadian investors, in particular, are finding tremendous deals here due to the very favorable currency exchange rates,” she says. “The Canadian dollar has been soaring and is expected to stay strong in the coming months. This has boosted the confidence of Canadian buyers who are interested in investing in undervalued US real estate markets such as Las Vegas.”
Luxury sales in the region are also showing signs of rising activity. A recent Wall Street Journal article reports that there were 21 luxury home sales in Las Vegas in the first quarter of 2010, as compared to 15 during the same period in 2005. “Smart investors are clearly moving in,” says Henning, “and they are right to do so. Now is the time to get once-in-a-lifetime deals in Las Vegas and luxury homes in Henderson NV.”
For more information on Las Vegas bank-owned homes, Henderson, NV REO properties, commercial foreclosures, and other investment properties throughout the region, visit Henning’s site, http://www.JessicaHenning.com.
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