Las Vegas Real Estate Blog

Vegas home buyers need sellers

Key stats from the Las Vegas February real estate market update indicate that the buyers are out there, but we need sellers.

Las Vegas Single-Family Home Sales

Here are some highlights from sales of Las Vegas single-family homes in February 2017:

Las Vegas single-family home stats for February 2017

With favorable selling stats like these, why aren't people listing their homes! We have 5% fewer new listings and an inventory of only 2.2 months. 

Las Vegas Condo Sales

Perhaps it's only single family homes that are seeing this problem. Let's look at Las Vegas condo sales in February:

Las Vegas condo stats for February 2017

Available Inventory of Las Vegas condos, only 1.4 months!

The Las Vegas market hasn't been this hot in months. Homes have almost been selling themselves. I recently sold a home in Summerlin that was

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This incredible Summerlin home in Belmonte sold after 3 days on market for $740,000 ($900 OVER the asking price). Everything about this house spells 'luxury', I'm sure the new owners will be very happy here.

Belmonte in the Paseos Village of Summerlin, has become a sought after new development. View similar homes for sale in Belmonte, or get more info about floorplans and designs from Woodside Homes.

Summerlin home on Rosina Vista

Las Vegas homes have been flying off the shelves this month. This stunning single story home in Sun City Aliante sold after just 31 days on market for $310,000 - 100% of asking price!

Sun City home sold in Las Vegas

These could be your homes - talk to Leslie Hoke about selling your Las Vegas home quickly and for top price.

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New Las Vegas Listings

Wow, when was the last time you could buy two beautiful homes for under $500,000.  These beauties are just $225,000 each - pick one or take them both.

$225,000 - MLS #1873770
6620 Frances Celia Avenue, 204 - East
4 bedrooms, 2 baths, 1,847 SQ FT

$225,000 - MLS #1874284.
3609 Mountain Crest Street, 405 - North West
3 bedrooms, 3 baths, 1,743 SQ FT

View both listings here

If you would like to view either of these homes, or have any questions, don't hesitate to contact Leslie directly at 702-321-1763.

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Hidden Desert South  

A casita or inlaw suite can be a real asset in any home. In Las Vegas, homes with casitas are becoming increasingly popular. If you're fortunate enough to be purchasing a new home, you can have a say in the design aspects of your casita or inlaw suite. If it's an existing home, you may have to renovate to get exactly what you want. Either way, here are some important points to consider if you're looking for a secondary living space in your house.
 Photo by H3K Design

Zoning

Be informed and understand your local municipality's requirements and zoning laws for in-law suites. Are you allowed to add a full kitchen, or just a microwave? Will you need a separate heating system for your casita? It's better to know the rules before your buy, or

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Considering a new construction home in Las Vegas? We can help. Here are the top Las Vegas builders according to the number of active communities. Lennar leads the way, with Richmond American and CalAtlantic close behind. You can view all the active new construction communities in Las Vegas here, even if they haven't been listed on the MLS.

Top Las Vegas Builders
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Las Vegas home sale by Leslie Hoke, Realtor

   

We've certainly had some happy sellers in the last while. The above home at Sam Jonas Dr., Las Vegas sold for $215,000 - 100% of the asking price, in just 5 days!! That's a Las Vegas home seller's dream.

This lovely house on Midnight Oil Dr., sold for $185,000 - also 100% of the asking price in just 77 days.

Listing #1816951, 5043 Midnight Oil Dr., Las Vegas  

These could be your homes - talk to Leslie Hoke about selling your Las Vegas home quickly and for top price.

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Las Vegas Real Estate Stats & Why You Should Lock In Now!

The Las Vegas home and condo market was anything but dull this past October, showing solid gains over the same time last year. Here are some of the quick stats as reported from GLVAR (The Greater Las Vegas Association of Realtors).

Las Vegas Local Market Update for October 2016

Las Vegas Single Family Homes

Las Vegas Home sales in October were solid, just under 10% higher than 2015. Houses are moving quicker, only remaining on the market an average of 45 days, 21% faster than last year. The median sales price has also risen by 6.3%. Homes are priced realistically, receiving 98% of the asking price. The one area where we are challenged is inventory. In spite of the these positive increases, there are 28% less homes on the market

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Las Vegas Raiders StadiumFor those of you following the progress of the proposed Raiders Stadium in Las Vegas, it looks like it's almost a done deal. After a week of deliberation, Nevada Senate passed a deal that could clear the way.

The big hurdle was, of course, money. Everyone wanted the stadium, it would be great for Las Vegas, create hundreds of jobs and boost our tourism and convention industry, but with a $1.9 billion price tag, no one was jumping up to cover the cost. More specifically, a remaining $750 million that was proposed to be subsidized by public funding.

After the senate session last week, these were the terms that were agreed upon:

Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson will contribute $650 million

Raiders will kick in $500 million

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Thank you to these lucky September Las Vegas and Henderson home owners - it was a pleasure working with each and every one of you!

new Las Vegas buyers

Recent Sold Listings

MLS# 1806296 - $349,900: This spacious 2,664 sq.ft. home in Marvella sold in just 35 days for 100% of the asking price.

MLS# 1818787 - $305,000: An immaculate 4-bedroom Henderson home in Coronado Ranch is walking distance to Coronado High School. It didn't last last long, only 10 days on the market and sold for 98% of the asking price.

MLS# 1613286 - $275,000: This lovely open floor, single story home in Valley West sold for 98% of the asking price after 144 days on the market.

MLS# 1595411 - $189,000: The buyer of this town home in Stallion Mountain will enjoy a bevy of

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Las Vegas - Key Market Stats for August 2016

 

Las Vegas Sales Climb from 2015

Total home and condo sales and median prices were up from August of 2015.

  • Total  Las Vegas Home Sales $835,260,015 - up 11.6%
  • Total Las Vegas Condo Sales: $86,139,841 - up 15%
  • Median Home Price: $235,000 - up 6.8% from August 2015
  • Median Condo Price: $115,000 - up 4.5% from August 2015

Inventory

The number of Homes, Condos & Townhomes Sold: 3,789 homes, condos & townhomes - in August 2015 3,454

Although sold inventory increased by 10%, we still need homes. There is less than a three-month supply of properties for sale, a six month supply reflects a balanced market. the number of single family homes listed in August was 13,222 - a decline of 2.8% from the same time last year. The big

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