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Updated almost 5 years ago on . Most recent reply

User Stats

1
Posts
2
Votes
Carolyn Blackburn
  • Realtor
  • Las Vegas
2
Votes |
1
Posts

April wasn't so bad. How will May fair?

Carolyn Blackburn
  • Realtor
  • Las Vegas
Posted

March & April weren't the end all everyone thought it would be with all it's doom and gloom.  We lost one deal in the middle of March and one seller took their home off the market to "be safe".  On the property management side only 10% contacted the office to set up a payment plan the other 90% paid on-time.  

The house we lost the buyer on went back under contract beginning of April and is set to close next week along with a few more homes.  The sellers who took their home off the market has placed it back on the market after realizing people are still moving too/purchasing homes in Las Vegas, NV.  

Real estate agents are considered essential workers and are taking per-cautions to show/list homes.  I personally have a few buyers still looking for the right home to purchase as inventory is slightly tighter.  Sadly, I also have a few who have to wait due to their employment being placed on hold.  Over all after talking with current and past clients people in the city are looking at the positive and see the great place Las Vegas is to live in.  With a low cost of living and home affordability, it's a wonderful city to reside in.

How is the market doing were you are from?  
  

Most Popular Reply

User Stats

159
Posts
109
Votes
Jordan Murrell
  • Lender
  • Las Vegas, NV
109
Votes |
159
Posts
Jordan Murrell
  • Lender
  • Las Vegas, NV
Replied

@Carolyn Blackburn

I agree. I am still in the market to purchase. Still viewing homes virtually (which presents challenges), nonetheless still looking to build my portfolio. Las Vegas is currently still looking like a great market considering everything that’s happening.

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