The 2018 Las Vegas Spring Market
Posted by Las Vegas Homes By Leslie on Thursday, April 19th, 2018 at 12:22pm.
Las Vegas Market Stats from January to March 2018
The spring home sellers market has taken off with a vengeance in Las Vegas. The average price for single-family homes has increased by 18% in the first quarter. Townhomes and condos have increased an average of 27.4%! In both cases listings are selling for an average 98.9% of the asking price.
The only downside to these encouraging stats is the supply. At the end of March there was just over 1 months of inventory on hand. This is great for sellers who are getting a quick turnaround for their properties. But there are a lot of buyers out there who would appreciate a bit more selection when they're shopping for a home.
Top Selling Las Vegas Neighborhoods
Here are some of the top selling neighborhoods in Las Vegas, for single-family home sales.
Neighborhood | # of 1st Quarter Sales | Average Selling Price |
Summerlin | 346 | $570,398 |
Mountains Edge | 188 | $319,047 |
Southern Highlands | 114 | $596,065 |
Sun City Summerlin | 113 | $333,061 |
Providence | 110 | $309,072 |
Silverado Ranch | 81 | $306,260 |
Centennial Hills | 78 | $333,062 |
Spring Valley | 57 | $273,584 |
Rhodes Ranch | 56 | $398,935 |
Siena | 45 | $490,034 |
The Lakes | 43 | $385,096 |
Desert Shores | 42 | $393,597 |
Peccole Ranch | 36 | $333,069 |
Iron Mountain Ranch | 29 | $300,400 |
If you've considered selling your home, the current SELLER's market could not be better. Don't hesitate to contact Leslie for more information, or call (702) 321-1763.
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By Leslie Hoke, Las Vegas Realtor®
Las Vegas Homes By Leslie
8010 W Sahara Ave #150, Las Vegas, NV 89117
Direct: (702) 321-1763 Fax: (702) 224-2146
www.LasVegasHomesByLeslie.com
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