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We are at the bottom now

Friday, March 13th, 2009

I really believe that we are at the bottom of Las Vegas real estate market. I think that prices will go up and the deals you can make now will be not available in 6-12 months. I just want to write it down somewhere so I can say later.. I said so:-). Or that you can prove me wrong (in case I am wrong). But honestly I cannot image that it can get better than what we see now.

1 BD condos - $30,000
2 BD condos - $40,000
3 BD SFR - $90,000-$110,000

I am only checking newer homes (with less requirements for maintenance) and west area of Las Vegas. I prefer west to Henderson and East, but that is my personal choice as our office is located in west part too.

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