Here We Grow Again

Here We Grow Again

I have been at this real estate buying thing since 1980. Real life experience in the real estate combat zone has taught me there are two times to invest in real estate: when things are plummeting and when things are recovering.

As anyone who lived through the Las Vegas Real Estate Apocalypse (my scientific term) knows, house prices fell way beyond economic reason. In December 2011, which turned out to be bottom of the market, you could buy a home for the price of the land and pay for one bathroom. The rest of the house was free.

In January 2012 I sold a townhouse to a couple retiring from Cali for $103,000.  Today the same unit next door is listed for $200,000. That's a pretty nice return for 57 months.

Of course, you missed the train on that strategy. Fortunately, you can catch the second train. 

Yes, Virginia, Las Vegas is recovering...nicely. Today the Nevada Department of Employment, Training and Rehabilitation reported that 1,301,300 Nevadans have a job.  (There are only 2.7 million of us and there are a lot of retirees here.) That number surpasses the pre-Apocalypse top employment number of 1,297,600. Better yet, our state has enjoyed 68 months of consecutive growth.

People get more confident when things get better. It's a good time to buy or sell because things are stable. If a bubble does start brewing, this time know better and cash in your chips!

One of my rentals

P.S. Call, text, email, send a carrier pigeon when you are ready.

((hugs)) BETH Ellyn

THE Las Vegas Real Estate Concierge

State Managing Broker, Nevada

702.758.4318 Talk. Text. SMS. Videochat

[email protected]  Google Hangouts

Las Vegas Propportunities: Facebook Business page and home of "Deal of the Day"

@yale1974  Twitter

BA: Yale
MS: Columbia

MBA: L'ecole du Hard Knocks

Licensed in Nevada since 1996: I have previous

When competence AND creativity matter!

Beth Ellyn Rosenthal Headshot
Phone: 702-324-6911
Dated: October 18th 2016
Views: 94
About Beth Ellyn: ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Las Vegas Home Prices July 2018 - Las Vegas Home Prices July 2018The
Las Vegas Real Estate Market Report July 6 2018 - Las Vegas Real Estate Market
Owning Makes More Sense - Each mortgage payment has an
Want To Meet The Courageous Parkland Florida Kids Here In Las Vegas - The Marjorie Stoneman Douglas 

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Las Vegas
6671 Las Vegas Boulevard South Suite D-210
Las Vegas, NV