We are representing several buyers at today's auctions.
He just called me and told me it is PACKED and some of these homes are going for incredibly low prices even with the amount of buyers.
He said they are going by area and the older homes are up first and it doesn't appear that there is too much interest in the older homes. Older in Las Vegas area are homes built in the 50s and 60s by the way!
It will be interesting to hear from him as the day goes on! His buyers are mainly interested in the NW from the Lakes to north of Summerlin (before the new master planned community of Providence.)
I will keep the updates going on this post. There will be more auctions in April so I will let you know when I get more details on that. These auctions will not affect MLS market statistics as they were mainly expired listings.