http://markp.cbvegas.com/blog/archive_201603/sort_entrydatetime-desc/ The Las Vegas area experienced a wave of investor activity in the 2010 - 2014 years, normalizing greatly in 2015 as traditional buyers grew in share of overall sales. At the peak of investor activity, nearly half of all single family closings within the multiple listing service utilized cash. Currently, 23.5% of single family sales closed with cash, many of these investors. So while investor activity has clearly dwindled from just three years ago, there remains a lingering interest in single family homes as an investment class.One of the reasons for this is the continued low yield investment environment both domestically and generally, internationally. Investments that are considered to be in moderate portion of the risk profile are generating relatively small yields. Locally, capitalization rates are about 5% when looking at the blend of sales occurring, which includes a variety of homes from old to new, large too small. With yields across many investment sectors posting smaller returns than that, it’s no surprise that interest in the SFR space remains, despite the relatively poorer liquidity relative to established financial instruments.Most of the institutional investors are inactive in the market and are concentrating on effective management of their current holdings. On occasion, we are seeing a little activity from either REITs or institutionally backed enterprises, however this is often through note purchases, some of which later result in foreclosures, a less direct way for investors to access the market. If a note can be negotiated than that is great, if not, they would be happy to own the collateral as part of their portfolio. The other class of investors are the "mom and pop" investors, many of whom are tired of the paltry returns on CD's, within certain funds and laughably, savings accounts. Despite the memory of the housing bust, some of these investors remain comfortable with the asset class and feel that they have learned a lot about the due diligence required to make informed decisions, rather than following the newsfeed headlines into an asset class. This is really the segment we consider to be a large part of Investor 2.0. These individuals may not always be in the high net-worth category but are typically good savers with an eye towards the future for either retirement, future college costs or simply to build wealth for security. Other buyers are partnerships of wealthy individuals who have teamed up for the purposes of diversifying across geographies and housing types. Finally, institutional investors are still relevant, but this is mostly a merger and acquisition phase in which this new industry consolidates. Finally, Investor 2.0 also includes investors that are selling. In 2009-2014, the natural sellers were banks and families looking to escape a negative equity situation, along with traditional movers like job related relocations. Today, investors that bought during that period may be finding it’s a time to turn paper gains into realized gains. Either they recognize an opportunity elsewhere, they hit their pre-determined return threshold or they simply don't like being a landlord. Some sellers and buyers may also be considering a currency play. In investor 2.0, investors may be buying from investors because they either have different views on the future or they are in a different stage within their investment life cycle.Many of our agents are very comfortable with working with investors of all types from individuals to large, sophisticated operations. We speak the language of investment and can access properties through multiple channels. It is our pleasure to assist both buyers and sellers within this asset class.Note the distribution of investor sales across the valley. January and February Single Family Home Purchases - Investor Purchases and All other Types http://markp.cbvegas.com/blog/13856/investor-2-0/ Thu, 24 Mar 2016 12:00:00 -0800 The latest data print shows transactions increasing meaningfully from last month and year-over-yearThe price trajectory remains relatively flatPrepare for the spring and summer buying season, one of the best times to list a home for sale http://markp.cbvegas.com/blog/13564/february-2016-residential-snapshot/ Wed, 23 Mar 2016 12:00:00 -0800 For Immediate ReleaseTrisha Roche (702) 372-8429 Coldwell Banker Premier Realty Named Platinum Award Winner by Cartus Broker Network(DANBURY, Conn., March 17, 2016) – Coldwell Banker Premier Realty has been named a Platinum Award winner by the Cartus Broker Network for its outstanding performance during the past year. The award was presented at the 2016 Cartus Broker Network International Conference March 8-11, 2016 at the Harbor Beach Marriott Resort and Spa, Ft. Lauderdale, FL. Cartus Corporation is a worldwide leader in employee relocation solutions. Platinum is the highest level of the Excellence Awards presented to principal brokers. Excellence Award recognition is based on performance results related to a wide variety of goals including customer service, cost management, and effective analysis and marketing of homes. Less than 35% percent of the Network’s principal brokers achieved Platinum level recognition for their performance in 2015.“The Platinum Award has long represented extraordinary accomplishment,” said Gerald Pearce, Cartus executive vice president, Broker Services and Affinity Services. “To earn this distinction, a broker must have successfully demonstrated outstanding performance in the areas of attention to customer needs, understanding of local conditions, and execution of best business practices. I’m extremely proud to honor Coldwell Banker Premier Realty, who has delivered on this goal by producing the very highest levels of results to both its customers and the Cartus Broker Network. ” “Receiving a Platinum Award is a high honor, and something that we worked for consistently throughout 2015,” said Sue Kwasneski, Vice President of Corporate Services. “Our entire staff has put a committed effort into achieving the best results for Cartus, their clients and transferring employees, and our brokerage. I applaud them and thank them for their efforts.”About Cartus Broker NetworkThe U.S. Cartus Broker Network includes 785 firms with nearly 3,000 offices and 111,000 agents. In 2015, the Cartus Broker Network in Canada was comprised of 343 firms with 582 offices and more than 11,200 agents.  In 2015, Cartus and the Cartus Broker Network closed sales of nearly 100,000 properties, representing sales volume of more than $28 billion, on behalf of Cartus clients and Network members. About CartusFor more than 60 years, Cartus has provided trusted guidance to organizations of all types and sizes that require global relocation solutions. Providing the full spectrum of relocation services, including language and intercultural training, Cartus serves more than half of the Fortune 50 and has moved employees into and out of 185 countries, providing the full spectrum of relocation services, including language and intercultural training. Cartus is part of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. To find out how our greater experience, reach, and hands-on guidance can help your company, visit www.cartus.com; read our blog; or click www.realogy.com for more information.  About Coldwell Banker Premier RealtyColdwell Banker Premier Realty in Las Vegas, Nevada is ranked among the nation's leading real estate brokers in sales and innovation as well as the top 1% of Coldwell Banker companies nationwide. CBPR, acquired by Bob and Molly Hamrick in 1998, has three offices in Southern Nevada (Summerlin, Henderson and Centennial Hills) and presently engages over 230 agents. In addition, Bob Hamrick served as senior vice president and broker of City Center Realty Corporation and is recognized nationwide as an expert on the Las Vegas real estate community. # # # http://markp.cbvegas.com/blog/13271/coldwell-banker-premier-realty-names-platinum-award-winner-by-cartus-broker-network/ Fri, 18 Mar 2016 12:00:00 -0800