Las Vegas real estate market sees over 26% increase in prices over previous year as home buyers and investors compete for standing inventory. LasVegasRealEstate.org cites waiting lists are forming on new homes for sale in Las Vegas as standing inventory sells out.

Las Vegas, NV -- (ReleaseWire) -- 06/04/2013 -- Las Vegas foreclosures and other formerly distressed properties to include Las Vegas condos for sale are starting to dwindle. According to CNBC that number has dropped as much as 29% in early 2013compared to the year prior. According to Clark County records over 50% of real estate in Las Vegas is being sold to all-cash buyers and investors. 1 out of 10 sales are foreign investors looking to cash in on one of the hardest hit markets of the recession. In 2012, CNNMoney, Inman News and MarketWatch all cited Las Vegas properties in "Top 10 Real Estate Investing Opportunities" for real estate investors.

Ashley McCormick of Realty One, the largest Las Vegas real estate agency in Nevada, says a shrinking inventory and slowly increasing prices makes Las Vegas prime for investment, but advisee this buyers market will not last long. The limited inventory and the activities of large investment groups have created stronger competition for distressed properties, and this is only going to get worse over the next few months. McCormick is advising buyers to be prepared to purchase while the price-to-rent ratio is still favorable and be ready to write offers on multiple properties as some homes have seen as many as 100+ offers in one day.

In the early 2000s, the Las Vegas real estate market was an ideal place for both buyers and sellers. Homes were plentiful and were selling quickly, especially during the peak in 2006. Then, the real estate bubble popped as the recession hit in 2007. Las Vegas new homes were at the front of this crash but today are in demand. Homes fell into foreclosure, and properties sat as the number of qualified buyers dropped. This created a market that was perfect for investors, where properties at bargain prices were abundant and the number of potential renters was high. While McCormick says the prices are not as low as what she considered the investor sweet spot of 2011, she invites buyers to look forward and recent developments.

At the market's lowest point, the vast number of foreclosures in Las Vegas pushed prices nearly 62 percent lower in 2011 than at the peak in 2006. Today, McCormick says that the number of foreclosures is suddenly dropping out do to the AB248 legislation. At the end of 2012, the number of foreclosures was down 73% from the peak in 2009. The National Association of Realtors recently cited homes for sale in Las Vegas as the most searched in America. Every indication is that 2013 is going to follow the trends set in 2012 with a waiting list for Las Vegas new homes for sale. McCormick recommends buying now, while prices are still low, will allow investors to "capitalize on that growth."

About McCormick
McCormick recommends that interested investors take the time to learn the market with the help of an agent who understands price trends. As a member of the state's number one real estate firm, she has developed a reputation for assisting interested buyers and real estate investors to find and negotiate on Las Vegas new homes and foreclosures. McCormick was ranked in the Top 20 out of over thousands of agents in her system and considered an industry leader as a Las Vegas real agent. She has recently set up a toll free number for out-of-state and foreign investors buying site-unseen at 1-888-920-2292 and says potential buyers can search Las Vegas homes for sale online at http://www.LasVegasRealEstate.org

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Las Vegas high rise condos getting international attention from savvy real estate investors and singles looking for love in Vegas. LasVegasRealEstateAgent.org reports luxury high rises have reach record sales over the last 12-months due to lowest prices in 20-years with peak seasons market of singles and romance.

Las Vegas, NV -- (ReleaseWire) -- 02/14/2013 -- Las vegas high rise condos for sale are becoming ground-zero for singles and couples taking advantage of what may be the #1 location to either be single or get married. Match.com teamed up with travel experts Travelocity to see where all the single women and men are traveling and have identified Las Vegas as the #1 destination for singles. Las Vegas is also recognized as the world's wedding capital and one of the most popular Valentines Day ideas. Whether it's eloping on a secret rendezvous, or planning an elaborate ceremony for hundreds of your family and friends, the Las Vegas wedding and singles seen is boosting real estate sales.

Dinora Sharpe of Realty One, Nevada's #1 Las Vegas real estate company, says these buyers and investors are "Getting a Taste of the Las Vegas Lifestyle" and are captivated by the world-class entertainment, excellent restaurants, great shopping experience and nice temperatures during the winter months. Las Vegas weddings boost to nation highs on News Years and Valentines with an overall average of nearly 100,000 marriage licenses issued annually. These visitors and tourist are not only finding love in Las vegas but one of the best real estate markets in America.

MissTravel.com, a popular niche-site boasting generous travelers such as athletes, executives and millionaires who are looking to travel with attractive companions, ranks Las Vegas #1 in it's "Top 10 Most Romantic Cities". CNNMoney, MarkeyWatch and Inman News have all ranked Las Vegas homes for sale in top 10 cities to invest in. Sharpe who has sold a number of strip view highrises says that on any given day at Sky Las Vegas, Turnbery Place or the MGM Signature condos for sale your going to run into single eligible bachelors and bachelorettes.

Sharpe also cites the increases in offers being written site-unseen on Las Vegas high rise condos for sale by investors and recent visitors who live out-of-state or country but familiar with the area from previous visits. Last year 1 out of ten residential sales where to foreign buyers with this year leaning towards 2 out of 10. Price of Las Vegas homes are currently the leading drive behind buyers and investors averaging at $128K for a 3-bedroom. Sharpe has established a toll free number at 1-888-920-2292 to meet the demand of site-unseen investors. Las Vegas high rise condos for sale with images and video are searchable online with advanced map search and images at http:http://www.LasVegasRealEstate.org

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