Author Archives: David Foresi

December 2023 Report Balanced Activity There was a slight decline in prices. We’ll analyze prices from the perspective of price bands to hopefully gain some insight into the underlying market dynamics in play. There was a bit of an inventory improvement but also a decline in sales. I think the sales decline and the listingContinue reading “Lake Las Vegas Market Update”

November 2023 Report Inching Lower Prices are still continuing to decline though the decline is not universal nor is it extreme. Inventory spiked a bit in October, but this too was not universal. Lake Las Vegas by the Numbers Not much change here. It does seem like there is a bit of a plateau formingContinue reading “Lake Las Vegas Market Update”

October 2023 Report Holding Stable Not much has changed since last month. The slight decline in sales price has become more or less stabilized. Some inventory improvements have also helped keep things stable. Lake Las Vegas by the Numbers As you can see the short term trend is still slightly negative, but September had aContinue reading “Lake Las Vegas Market Update”

September 2023 Report Cooling Off Inventory keeps growing even as pending sales cool off. Is it a trend or an anomaly? I don’t know yet, but we’ll be keeping our eyes on it. Cooling off is to be expected in the fall and winter months and not because of the Earth’s axial tilt. Lake LasContinue reading “Lake Las Vegas Market Update”