Majority of Las Vegas Home Purchases Are All Cash

February 9, 2011: Home sales and prices dipped in January but investors filled the void by becoming an even more dominant player in the Southern Nevada housing market.

The Greater Las Vegas Association of Realtors announced today that 51 percent of all homes sold in January were purchased with cash – the first time that threshold has been reached.

The percentage of cash purchases has been increasing for more than a year, and Paul Bell, the GLVAR’s president, said he’s not surprised by the new mark. No other metropolitan area in the country has as many cash buyers, he said, according to the Las Vegas Sun.

About Stout Law Firm

James Stout has practiced law in Orange County since 1995 and is highly regarded by the business community. He has passed three bar exams, California, Arizona and Nevada.
This entry was posted in Real Estate Trends, Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s