When I am asked how the real estate market is doing, which is often I am usually able to answer with a short but detailed response. Now, keep in mind when asking about a real estate market you need to be more clear on what part of the market you are interested or curious about because the market is positioned different for buyers, sellers, or investors. Currently the residential real estate market is doing pretty well. The median home sale price for May 2020 is $315,000.00 and prices have only dipped a little over the last four months. We are experiencing low inventory and we did lose a lot of buyers in March, April, and in May but it seems the buyers are coming back. Which is great for buyers due to the historically low interest rates, they are so low that it makes sense for buyers to enter the market and try to find your dream home or a seller that has become really motivated due to the virus situation. There is some concerns I have about the market which is we don’t know where the market is going! The main reason nobody can say where the real estate market will be in the next six to twelve months is because of some very important data which is not being reported or tracked. On March 29, 2020 the Governor entered a Declaration of Emergency Directive statewide on evictions and foreclosures. What does that mean, banks can not foreclose and landlords can not evict tenants. Also banks have been offering forbearance to home owners who are in a distressed situation due to loss of job or income. Forbearance is when the lender and borrower have created a special agreement to delay foreclosure. The delay is set for a period and the borrower’s loan payment is postponed or reduced. As we have seen jobs lost, companies closing, and company departments being eliminated some homeowners and renters will not be able to continue to afford their current housing situation. This is the data we don’t have! What percent of the housing market is in a distressed situation? The good news it might be a small percent or the flip side it could be a large percent. If it’s a large percent this will have a big impact on the real estate market along with the housing values. Time will tell and I have positioned myself to a more micro view, its day to day and today its still a very good real estate market! If you would like to track the market data I have included a link to my website that allows you to track your market data, https://completelasvegaslifestyle.idxbroker.com/idx/market-reports.
About Jim Wicklund
Hi, I'm Jim Wicklund. I work with homebuyers, sellers, & investors in the Las Vegas & Henderson area who need help getting their house ready to sell or help homebuyers find their perfect home while navigating through the homebuying process.
I have been a Realtor since 2013, & I have served over 300 families.
The best praise I've ever received from a client was "Jim is not only personable but very patient, dedicated and determined to make his clients more than satisfied." Helping people to sell their house at top market value and find them their dream home makes me so proud and drives everything I do!
If you're looking for a Realtor who does what he says, has the highest level of service, then any other Realtor works very hard to achieve every goal with selling or buying a house. I'd love to work with you. Too!
I've helped hundreds of home sellers with my Client Concierge Service preparing their house to sell with my team; a service I pay for. I have also created incredible systems to help homebuyer clients ensure we will find their perfect home. And most important, we are here to serve our clients with their wishes, not ours!
When I am not helping people achieve their real estate goals, I can be found at the race track racing my motorcycle, playing my drums, spending time with my wife and dogs, or engulfing myself in personal development books; I love growing personally and professionally!
I am an active member of the Las Vegas Realtors Association, GLVAR-MLS, completed Short Sale Boot Camp, and I am experienced with investor-owning commercial & residential property. Much of my real estate experiences have come from a solid business background, a service-oriented mindset, and a strong work ethic which started with my first paper route at eight years old.
I started Premiere Home Entertainment with my wife in 1998, and we expanded our business in 2001 to service both residential and commercial work. Together, we built the store into a custom audio/video design and installation solution. I served as Vice President for 15 years, creating multi-million dollars in company sales every year.
I have been a local Las Vegas business owner for over 20 years. In that time, I’ve earned an Associate’s degree and Ninja Selling certification, coached by Tony Robbins, dedicated thousands of hours to personal and professional development, and 35 years of sales, service, and business.
Las Vegas Realtors Association
Short Sale Boot Camp Completed
Real Estate Investor-Own Commercial & Residential Property