Tagged : las vegas market report

The Las Vegas real estate market has been a non-stop adventure this summer. Homes and condo prices have skyrocketed to highs unlike anything we've ever seen. The luxury home market in Las Vegas for new and existing homes is also increasing. We're seeing new builder homes, such as the new "Raider's Stadium" clone mansion by owner Mark Davis; and the record $32.5 million mansion for sale in Henderson's Ascaya community. In addition, rental prices are creeping out of reach for many, with a shortage of new inventory. Help is on the way, with several new rental developments in the works.

Here is the latest news and highlights for the Las Vegas real estate market up to August 2021:

• Las Vegas Home and Condo Prices
• Mark Davis Raider's Mansion

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 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