WELCOME AND THANK YOU FOR VISITING THIS WEBSITE
My name is Real Ouimet, REALTOR®, Nevada State License # S.196926, Sin City Realty LLC., your "Las Vegas Metropolitan Area homebuyer agent". Sin City Realty, LLC is one of the oldest real estate brokerages in Las Vegas, and broker Anna McDonough has been licensed in Nevada for over forty years.
With my over forty years’ experience in mostly all fields of real estate including title search, title abstracts, licensed real estate appraiser, accredited real estate assessor, REALTOR®, licensed general contractor, developer, and property management, I will try to give you my opinion on the best way for you to reach your real estate investment goals and hopefully exceed them.
If you are a veteran or you believe that you can use the veteran's benefit of a family member, you can see my TheVAloan.org agent certification here VETERANS and come back here.
By reading further, you will realize that I dedicate myself in helping people in the long-term single-family home market investment.
If you are a flipper, I am not your flipper's REALTOR®.
If you are a residential income property investor, or own any kind of real estate income property, I may be able to help you with a simple way to tremendously increase your Return On Investment with a single-family home investment.
Whether you are here
- to make the biggest investment of your life in a Single-Family Home as a FIRST-TIME HOMEBUYER,
- to buy a Single-Family Home as a HOMEBUYER,
- to make a long-term investment in a SINGLE-FAMILY HOME INVESTMENT,
- because you already own a Single-Family Home Investment, or you own a Real Estate Income Property, and you want to explore some options to increase your Return On Investment with a SINGLE-FAMILY HOME INVESTMENT,
- or because you are a SENIOR owning a Single-Family Home and are overwhelmed by the size and the maintenance of your home,
you are in the right place to explore some interesting investment options.
The Las Vegas single-family median home sales values, excluding condo/townhouse units, went from:
$200,000 on January 1, 2015, to $312,990 on January 1, 2020 (US Prime Rate was 4.75%) for an average annual appreciation of 10.2%, to
$345,000 on January 1, 2021 (US Prime Rate was 3.25%), a 10.2% annual increase, which is the same as the 2015-2020 five-year historic average annual increase of 10.2% for the Las Vegas market, to
$425,000 on January 1,2022, (US Prime Rate was 3.25%), an overheated annual increase of 22.3%, to
$482,000 on June 1, 2022, (US Prime Rate was 4%), the single-family home peak value with an overheated annual increase of 22.8%, but due to the 5/5/2022 first 0.75% prime rate increase in more than two years, down to
$480,000 on July 1, 2022, (US Prime Rate was 4.75%), a small projected annual decline correction of 5%, compared to the previous month, to
$425,000 on January 1 to April 1, 2023 (US prime rate at 8%), a projected annual decline of 11.8%, to
$449,900 on January 1, 2024 (US prime rate at 8.5%), a 5.9% annual increase in value and a 1% lower number of sales.
$475,000 on January 1, 2025 ((US prime rate at 7.5%), a 5.6% annual increase in value and a 0.6% higher number of sales compared to the previous year.
This means that as of January 1, 2025, the annual appreciation of single-family homes from January 1, 2021, is only 8.32% compared to 10.2% as it was from 2015 to 2021.
This means the single-family home market is still lower than if it had followed the trend before the overheated market period of January 2021 to June 1, 2022.
However, with the still high interest rates, something must happen to allow the market to pick up as too many first time homebuyers are now priced out by the mortgage payments.
One important factor to consider here is that, since November of 2022, the median home prices of single-family homes sold mentioned above reflect a higher number of high-end homes and there are much less low-end homes sales than in a normal real estate market. This is reflected in the monthly average sales price from the same dates that went from $446,139 on January 1, 2021, to $584,024 on September 1, 2023, a 6.96% increase.
However, as of January 1, 2025, the average home sales price of homes sold increased to $606,236, or 7.97% increase from January 1, 2021. This is a great sign that we have reached the right time to make a long-term investment if one can find the right financing options available.
The FED has reduced the prime rate three times since July of 2023, this is somewhat good news, but we need better news.
However, with the US President’s tariffs war going on, one can just expect a worsening of the economy and create a rarely seen confusion as to where it will bring us.
In the commercial, apartment, office, and industrial sectors, the record building boom created by the low interest rates of 2021 to 2022 have created an oversupply and put our economy in a much more precarious situation than in 2006 when the great recession started.
This website is designed to help streamline the process of working with you to satisfy your real estate investment needs.
By providing me some information on your financial condition and long-term real estate investment needs and goals, I will prepare our in person or virtual meeting accordingly so we both save time.
When we reach a meeting of the minds, we will shake hands and sign a buyer agent agreement so I can represent you to get your long-term real estate investment done at the right time with the best conditions.
FIRST-TIME HOMEBUYER, or a HOMEBUYER who previously owned a home with or without a partner, and his or her name did not appear on any home loan documents in the last three years, please visit the following page to learn more and complete the form FIRST-TIME HOMEBUYER form.
HOMEBUYER who had a home with a home loan in his or her name within the last three years, please visit the following page to learn more and complete the form HOMEBUYER form.
SINGLE-FAMILY HOME INVESTOR, please visit the following page to learn more and complete the form SINGLE-FAMILY HOME INVESTOR.
OWNER OF REAL ESTATE INVESTMENT, please visit the following page to learn how I may be able to help you increase your Return On Investment and complete the form INVESTMENT PROPERTY OWNER.
SENIORS who find their home is too big and/or the home's maintenance is too challenging to cope with.
If you want to stay in your home, please do not take a reverse mortgage and reduce your home equity by giving part of your home equity to the lender instead of giving it to your heirs.
I have buyers for your home, who will keep you in your home, take care of the home’s maintenance, and help you create a “real” extra income stream, without reducing your home equity.
Please visit the following page to learn more and complete the form SENIORS.
Please visit the TESTIMONIALS page to read what some people I did business with have to say about me.
Thanks for your time and I am looking forward to working with you.