Sunday 19 May 2013

The Annex Wall - Spadina

The Annex Wall - Spadina



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THE GROWING LAS VEGAS RESIDENTIAL MARKET

"Confidence is growing and buyers no longer think the risk is there that was previously," says Di. Nearly 70 percent of all properties are selling within 60 days, and home prices have increased more than 30 percent in a twelve-month period and continue to rise, according to the latest GLVAR statistics.
As of May 4, in twelve high rise towers in the Strip area, there were approximately 177 units listed as available not under contract. This represents approximately four percent of completed high-rise condo units excluding condo hotels. Low inventory levels are seen as a sign that the market is on the rebound.
Other signs of health include a dramatic decrease in foreclosures from 80% four years ago to around 9.5% currently. Also, 57.5% of all existing homes were purchased with cash, with investors playing a major role. Hedge funds and large groups of investors are active in the market.


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