Where did the FOR SALE Las Vegas Homes Go?

Reposted with permission from Writer/Owner;

Here is an update to the state of the greater Las Vegas market.  We continue to experience an artificial shortage of available homes for purchase.   Our own market tracking here at RE/MAX Advantage reports as of 10/20 there were only 8076 single family homes on the market.  46% of those were short sales, leaving a little over half of the inventory to be REO (bank owned) 18% and the remaining owner occupied or corporate owned.   This translates to about 4000 homes available for purchase with an option to close in 30 to 45 days for buyers in the market place.  With 3127 detached homes closed in the last 30 days, and just over 4000 homes available for traditional closing timelines, the market is ULTRA tight for those…click here to read the rest of this important post

Las Vegas Unemployment Flirts with 14 Percent!

13.9 percent is the number of unemployed in the Las Vegas metro area for September.  Is it really worse?  Considering Las Vegas highly entreprenuerial city, how many self-employed are without work and not included in these figures?  Some good news ahead?  City Center on the Las Vegas Strip will be opening in December and these numbers will slow the climb or possibly stagnate the unemployment rate.  The problem is – these jobs will be replacing the higher paid construction jobs coming to an end due to the projects completion. 

Agent!  Use this to  help your corporate / reo  / bpo clients to understand the local market.  Click Here to get September’s numbers.

September 2009 Las Vegas Closings by Term Report

Is Cash still King in Las Vegas?

This month’s Closings by Term suggests cash has been never stronger in the market place. Here are last month’s closings (September) breakdown.  Cash accounted for 43.2% of all closings last month.  Click here to see the different financing types account for Las Vegas.

RE/MAX Agents!!! Opt-in for New Forelcosure Leads Now on Leadstreet

New Foreclosure Search Goes Live in October!  Copied from RE/MAX announcement today.

Foreclosure listings are coming to remax.com! In preparation for the new influx of leads, Affiliates using LeadStreet on the eNeighborhoods platform will need to opt-in to receive foreclosure leads. To sign-up, simply check box 1A on the Agent Options screen in your LeadStreet account. As you begin to receive these leads, you’ll find that the subject line on notifications will help you distinguish the foreclosure leads from general leads.

Because the distressed property market can present numerous challenges, you’re encouraged to carefully consider your level of confidence and interest in working to meet the needs of consumers interested in foreclosure properties.

Only agents who have opted in will receive foreclosure leads once foreclosures launch on remax.com in late October. If no agents in an office opt to receive foreclosure leads, then the leads will be sent to the Broker/Owner. Your decision will not affect lead assignments on non-foreclosure listings.

Video Testimonials – The New King!

Video Testimonials… real punch to your website.

Click here to see some video testimonials on a real estate website.  I’ve chosen an Aussie site for entertainment value-love the accents.  Going beyond image and text is important to keep people on your site these day.  Video is the most searched file type on the net.  While these example testimonials are good, they could be better.

Michael Maher spoke recently in Denver about creating relationships and becoming relevant to people in this tough market. He talked about how marketing in today’s challenging times requires a few key points.  To summarize; present the challenge, match the service, promote the succesful result.

Using this process, these videos may have more impact if the customers challenge was presented effectively, the agent presented the answer to this challenge, and the result was incredible.

In any case – video is big.  It is easy to incorporate into any website and an agent can either adopt this quickly and reap the benefits of early adoption or wait until the uniqueness is gone and it maintstream.  Today’s digital cameras have video modes.   There are many HD video cameras under $200.00 with easy connectivity to Youttube on the market today.  YouTube offers free video channels where you can post video anywhere.  

Why is this blog not in video?  I have a cold and my voice sounds horrible.  I also have a face made for radio :-0.   Are you ready to elevate your game?