In Las Vegas many homes have been foreclosed and many banks are dumping the properties. Homes are listed and within hours they have multiple offers. The activity is creating a "boom" according to MSNBC. Some buyers are not able to get in on deals because the prices get bid up to retail prices. Our team recently sold one that was initially listed at a discount for considerably more.
If you're looking for a great deal you need to know a Las Vegas real estate agent who works with banks in order to take advantage of the listings from foreclosures.