Thursday, December 29, 2011

2012 Las Vegas Real Estate Market Looks Strong, According to Prudential Americana Group CEO

Las Vegas, NV, Dec,  29, 2011 --( 2012 Las Vegas Real Estate Forecast

Las Vegas real estate expert Mark Stark (top right photo) expects a stable environment in 2012, building on the stabilization the market experienced in 2011. National elections, a hotly debated assembly bill and a stagnant economy will all have an effect but not significantly deter the market’s upward swing.

“I see much of the same in 2012, which is a really good thing,” said Stark, CEO of Prudential’s largest franchises in both Arizona and Nevada. “There could be a slight price influx, but nothing significant. I really feel it will be a year of opportunities on both the client and the business side, because there are less homes available and more of a need to make every property stand out among its competitors.

 Stark said increased competition among real estate brokerages is a good thing for his company, which acquired several firms in 2011 including Century 21 MoneyWorld in Las Vegas and the entire Prudential Arizona Properties franchise. “We have a model that has been successful and will be fine –tuning it in 2012.”

Real estate executives that can provide advanced technological capabilities will have an advantage in 2012, said Stark. “Now more than ever, we need to offer our clients sales and marketing strategies that are unique and effective,” said Stark.

“By the numbers, we can see the stabilization in Southern Nevada,” he said.

  In 2010, the Greater Las Vegas Association of Realtors reported 88,746 real estate transactions (sides) closed, or approximately 44,373 homes.

Prudential Americana Group had a 10 percent market share of those closings with 8,027 sides or approximately 4,013 homes. In 2011, there have been 89,266 sides closed YTD, or approximately 44,633 homes.

 Prudential increased its market share to 11.4 percent YTD this year with 8,620 sides or 4,310 homes.

Mark Stark is CEO of Americana Holdings, LLC, which includes Prudential Arizona Properties and Prudential Americana Group REALTORS, one of Nevada’s oldest and largest real estate companies.

 For a complete copy of the company’s news release, please contact:

Prudential Americana Group
Sarah Thornton

1 comment:

buy my house now said...

Its a great work of Las Vegas real estate market.2011 was not good for all market level.I feel that one thing which should be most desirable that 2012 will be the year of change.That is why The work will be more strong of this real estate.