Las Vegas area resale inventory is still showing a shortage of available homes for sale. Whether more foreclosed homes will come out on the market or not, you currently hardly see any bank owned homes available here in Henderson.
Responding to current market conditions, new home builders are confident and raising prices aggressively. I was told that we had to win a lottery to get a parcel of land we wanted to purchase. It reminded me of the bubble boom time.
A young couple from overseas signed a contract in July for a new home, since then the builder raised prices a couple of times totaling over 20 thousand dollars.
KB Home sales person Barry Goodman sent us pictures of the afore mentioned home construction every week.
Here are some pictures of the home;
Aug 5, 2012 Trenching
Aug 11, 2012 Post Tension Slab
Aug 18, 2012 Framing
Aug 24, 2012 First floor completed
Sep 2, 2012 Second floor is done
Sep 8, 2012 Windows put in place
Pictures provided by: Barry Goodman / KB Home