Buying a Home in Las Vegas

Get great tips on buying a home in Las Vegas with Leslie Hoke. Anything you'd like to learn about? Let us know, and we can include your questions in future posts.

There are currently 12 blog entries related to this category.

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 on

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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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Three Southern Nevada Cities Named Best Places to Live Without a College Degree

best places to live without a college degree las vegas, henderson and north las vegasWhile obtaining a college degree is more important than ever, skyrocketing tuition costs and obscene levels of student loan debt are making many people question the benefits of a college degree given the amount of money it costs. But this is not a blog about the pros and cons of getting a college degree. I recently came upon an article on Movoto.com that ranked three southern Nevada cities in the top ten places to live without a college degree. The cities, along with their corresponding rankings included:

  • North Las Vegas (1)
  • Henderson (2)
  • Las Vegas (7, tied with Jacksonville, FL)

I’m not surprised three of our local communities made the list. The Las Vegas

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Buying vs Renting Homes In Las VegasBuying vs Renting Homes In Las Vegas? Traditionally, renting has been the more affordable option compared to buying. But things are changing as rent prices continue to soar. According to recent data released by Zillow, the aggregate amount of rent spent in 2014 by U.S. renters was a whopping $441 billion. Yes, that’s billion, with a B. That staggering total represents a nearly $21 billion dollar increase over last year.

Because renting has been less expensive than buying a house, those with lower incomes and poor credit scores would choose that route. In today’s Las Vegas market, that axiom no longer holds true. For many, buying is simply the more affordable choice compared to renting.

But why? It’s simple economics. When demand outpaces supply,

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I still can’t believe it has been almost eight years since the real estate market meltdown began in 2007. The local Las Vegas real estate market has come a long way since those dark days that affected so many individuals and families.

Buying a home in Las Vegas A few weeks ago I wrote about Las Vegas being named a Top 4 market for first time home buyers. Well, the good news continues, as Las Vegas is primed to be a great market for “bounce back buyers.” What are “bounce back buyers?” These are the folks that lost their homes during the recession, but are now rebuying a home in Las Vegas now that the seven-year time period it takes to typically repair credit has passed.

 Recent analytics released by RealtyTrac disclosed that the Las Vegas real estate market lost more homes to

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For many, the New Year represents a time to reflect on the previous 12 months and to establish new goals. If buying a home in Las Vegas is on your to-do list, 2015 may just be your year. A recent Zillow economic report predicted a breakthrough year for Las Vegas home buyers  - especially first time property owners.

The report cited key economic indicators including income data, home-value appreciation, and inventory, to rank the best markets for 2015. The published report ranked Las Vegas as the number four market for first time home buyers for 2015 – that’s a stark contrast to the previous few years as the market has had its share of turbulence and trouble.

 As a Top Realtor in Las Vegas who utilizes local data to best guide clients into making

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