The Las Vegas real estate market has been hard hit over the last 2 years. After the market meltdown, Las Vegas homes were at the top of the foreclosure list, with an average of 1 out of 67 homes in foreclosure. At that time, most of the foreclosures were beginner investors, trying to flip the property for a quick profit. As the market got worse, homeowners also started to lose their property and unemployment hit record highs.

The market has started to self correct and home prices are inching back up. Sales have been improving, largely in part to a high influx of foreign investors. A stream of Canadian buyers have hit the area, looking to cash in on the weak dollar and low prices. Tired of suffering out the cold winters in Canada, many have opted to winter in Nevada's milder climate.

There are some small hoops for foreign buyers to jump through to be able to purchase a Las Vegas home. If you are thinking of getting a winter home in Las Vegas, feel free to call us at 702-493-8033 or visit us on the web at www.lvrealty.net.