Just a few quick statistics on the market before I run to show homes to a client looking for a second home:

     Median price rose to $138,000

     4039 homes were sold in September

     44% of sales were cash

That cash figure is phenomenal. It's the investors. Easy to see where the smart money is being invested right now.

I wrote 3 offers on Thursday and had 2 of these accepted on Friday. I think I'll sell one or two more before the weekend is out. At this pace we may not see our normal holiday slowdown until December 24.

With Reflection Bay Golf Club closed at Lake Las Vegas, homes there are selling unbelievably low. If you're looking for a second home, this is a great time to look. Do your research on this one so you are aware of the bankruptcy issue. It's the uncertainty that's driven the prices so low. I never recommend this to investors (too far out for most renters), but for a second home in a postcard-pretty setting, this might be ideal for you. Plan to hold until they get their issues resolved.

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