Las Vegas Real Estate News

There are currently 15 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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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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Summerlin Fall Events 2016

There's always something going on in Summerlin. Bookmark this handy guide for fall events near you.

 
October 6-8

Pumpkin Patch

  • Time: 3:00 - 7:00 pm Thursday & Friday
  • 9 am - 12 pm Saturday
  • Address: The Vistas Community Center- 11312 Parkside Way, Las Vegas, Nevada 89138
October 8-9

Summer Festival of Arts

  • Time: 10:00 am - 5:00 pm
  • Address: Downtown Summerlin - 1980 Festival Plaza Drive, Las Vegas 89135, Las Vegas, Nevada, 89135
  • Free outdoor festival of arts, entertainment and culinary creations. More than 100 celebrated fine artists and craftspeople, full entertainment line-up, and scrumptious offerings from Downtown Summerlin restaurants.
October 7
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Las Vegas Riviera Hotel in 1955

After 60 years, the last remnants of the Riviera Hotel and Casino Towers were put to rest. The implosion took place at 2:30 a.m. on Tuesday, August 16. The crowd of spectators were scrambling to to capture the footage as there was very little notice of the actual demolition moment. The Riviera dates back to 1955 and will go down in history, captured in several Hollywood movies including Ocean's 11, Hangover and the latest Jason Bourne.

The purpose of the demolition? To expand the booming Las Vegas Convention Center.

View the Fox news video of the Riviera Tower implosion:

Video - Las Vegas Riviera Implosion of Casino Towers

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Las Vegas Property Prices and Sales NumbersThe local report from the Greater Las Vegas Association of Realtors show Las Vegas property prices and sales for residential real estate in southern Nevada remained steady. That’s more good news for both sellers and buyers as activity continues to be brisk during the typical busy summer months.

 The GLVAR reported the median home price for properties sold via the Multiple Listing Service (MLS) was $211,250; an 8.3% increase from 12 months ago when the price was $195,000. Townhomes and condominiums sold for an average of $112,000, representing a 9.8% increase from last May.

 The one word I can use to describe the southern Nevada real estate market over the past year or so is steady. We had a real surge in sales for March and April then a leveling off

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