Las Vegas New home builders are raising prices for their "ready to move in home".
As the inventory of available homes in the Las Vegas area continues to decline, home builders are on the move to slash the incentives as well.
The demand for new homes is still something many Las Vegas home buyers want. Some make this choice only after they have spent time looking at Las Vegas bank owned homes or Las Vegas short sales and are tired of the multiple offers we are seeing here in Las Vegas.
New homes that are ready to move into within 2 months are flying off the market because of this, and most traditional re-sale homes in the Las Vegas-Henderson area are moving fast as well, (as long as they are priced well).
Appraisal issues will still continue to be an issue because even if you "up bid" the home, that doesn't mean the appraisal will come in at that price and if it doesn't, you may have to come up with the difference or risk loosing the home to the next buyer.
Las Vegas Home Prices on the Rise for New Homes | Las Vegas Home Values