Author Archives: David Foresi

August 2023 Report Balance It’s already August and the market is balanced. Balance is a good thing. Balance means stability. Home sellers are hoping for continued appreciation, but home buyers are looking for value. Balance means both parties are getting what they want. I’ll explain below. Lake Las Vegas by the Numbers The trend lineContinue reading “Lake Las Vegas Market Update”

July 2023 Report Maintaining Pace It’s hot outside. The local Lake Las Vegas Market is maintaining its pace and perhaps showing signs of leveling off in terms of sales activity. We’re also approaching fall. Sign up for our monthly newsletter below. Lake Las Vegas by the Numbers The upward price trend is holding with someContinue reading “Lake Las Vegas Market Update”

June 2023 Report Upbeat Sales May saw a nice uptick in total sales so some of the accumulated inventory was trimmed back. There’s a bit more to the story as you’ll see below. I do make an attempt at analyzing price reduction trends but it is more complicated than it seems. The trend for thisContinue reading “Lake Las Vegas Market Update”

May 2023 Report Slow and Steady Not much has changed from March to April. There has been some inventory accumulation, but the pace of sales and new listings hasn’t really changed at all, which is why some inventory has accumulated. Sign up for our monthly newsletter below. Lake Las Vegas by the Numbers This representsContinue reading “Lake Las Vegas Market Update”

April 2023 Report A Sane Market With Luxe Performance This is going to be a short post. There isn’t much to cover or analyze that hasn’t been discussed in the last report and nothing much has changed since then. That said, we think this is a good time to reflect on some basic truths aboutContinue reading “Lake Las Vegas Market Update”

March 2023 Report Interest Rate Volatility & Buyer Demand Towards the end of 2022 and through January of 2023, we had seen average interest rates level off at a still high, but relatively more acceptable range between a high 5% and mid 6%. This relative decline from the summer highs, plus relative stability in rateContinue reading “Lake Las Vegas Market Update”

February 2023 Report 2023 Trends Coming Into Focus Before we get into it, I’d like to thank you for following our market reports. These reports serve two purposes. They are intended to keep you informed, but they also serve as a way for me to digest the information I am tracking on a regular basis.Continue reading “Lake Las Vegas Market Update”

Why sign up? This is your one-stop shop to keep tabs on the real estate world. Our exclusive Lake Las Vegas Market report will be delivered directly to your inbox, no need to go looking for it on Facebook. In addition, you will receive local news, events and information that we have compiled. And sinceContinue reading “The R & D Monthly”

January 2023 Report 2022 – An Interesting and Odd Year We entered 2022 hot so it feels like we are leaving it cold. That is how rapid shifts affect us psychologically. If you’ve been sitting in a hot tub for an hour and you get out you might think it’s freezing cold outside, when it’sContinue reading “Lake Las Vegas Market Update”