Morning Briefing: Las Vegas housing market now a safer bet

by Steve Randall07 Dec 2015
Las Vegas housing market now a safer bet
The housing market in Las Vegas is starting to stabilize after many years of turbulence following the crash. The Greater Las Vegas Association of Realtors reported Friday that even at this traditionally-slower time of year there has been better activity; home sales of 2,476 were just 7 lower than November 2014 while the median price for single-family existing homes increased by 8.9 per cent to $220,000. In 2012 the median had fallen to a low of $118,000 just 6 years after they had peaked at $315,000. Local realtor Keith Lynam told the Las Vegas Review Journal: "Local home prices have been so steady this year that we're starting to run out of synonyms for stable.”
 
This realtor makes a moving gesture for clients
In the competitive world of real estate some agents are coming up with innovative ways to set themselves apart from rivals. In the Californian town of Ladera Ranch, realtor Amy Sims likes to ensure that her clients don’t just buy their dream home, she helps them move into it too. Sims has recently bought a moving truck which she lends for free to clients who buy or sell through her Ladera Ranch Real Estate agency. Titanium Success reports that Sims is receiving a lot of extra interest in her agency as a result of the truck but for many it’s not about the vehicle – they are attracted by being represented by someone who cares so much about ensuring great client service.
 
Billionaire lists Tennessee retreat
Billionaire businessman Wayne Huizenga has listed his Tennessee retreat for $3.9 million. Realtor.com reports that he has been scaling back his real estate portfolio having sold his North Carolina retreat in 2013. The latest listing is a 4-bedroom, 7-bathroom home on Boone Lake. The home was used as a summer retreat for Huizenga and his wife. The property is set in 10 acres of land and the listing is being handled by Janice McClanahan. 
 

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