Had to turn up the heat this week-end because baby, it was cold outside, to quote Dean Martin. But the thermometer is also falling on Henderson real estate. Baby, I can feel it.
As close as last October, homes that were priced fairly ($135-$160 per square foot) were always under contract in 30 days or less. But when the holidays hit, buyers went Christmas shopping instead.
The result: homes, even the fairly priced ones, are still available. Based on my listings (albeit not a scientific sample) these homes are NOT falling in price. It’s just taking longer than usual to get under contract.
Zillow apparently agrees with me. It’s just-released report for 89012–where the majority of my listings are– labled the market “chilly.”
The report did predict homes in this zip code would probably rise by 4.2 percent this year. Zillow reported prices actually went up 6.7 percent from November 2015 to November 2016. (We will take it!)
Interestingly, Zillow reported the median list price per square foot in 89012 is $162, which is higher than the Henderson average of $149.
Zillow said only 18.2 percent of listings in 89012 had a price cut. That’s good news.
Here is a link to the 89012 Zillow market report:
What does this mean to you?
Buyers: You have the negotiating power. Sellers hate the uncertainty. Use it!
Sellers: You can either wait it out if you list or just wait to list. Or, if you don’t need to max out your gain, price your house under market. For the one house that I’ve listed for $122 per square foot, I had almost a dozen offers the first week right after New Year’s. There are always buyers ready, willing and able when they find a true bargain.
If you have any questions about Henderson real estate prices, contact me:
((hugs)) BETH Ellyn
THE Las Vegas Real Estate Concierge
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MBA: L’ecole du Hard Knocks
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