Las Vegas continues to see incredible growth across all real estate sectors. January 2014 prices increased 23.3% year over year versus January 2013 prices! That's an incredible year over year jump. We are also seeing a larger share of our resale market taken up by "traditional" sales versus "distressed sales". This means fewer short sales and bank foreclosures and more regular folks who now have the equity to sell their homes.
Topping all that off, we've received great news in our commercial markets as that area has started to recover and recoup losses during the great recession. Cunningham Group now offers commercial services for our investors. If you are looking to invest in commercial space, reach out to us. Also please subscribe to our investor blog here at www.vegasvalleyinvestors.com.