March 2015

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

Las Vegas home prices for November, December and January are typically a very sluggish time in the Las Vegas real estate market. Real estate takes a back seat as people shift focus to the holidays to spend time with family and friends. But newly released data by the Greater Las Vegas Association of Realtors shows even the holidays couldn’t keep the market from moving forward.

In their monthly report, the median selling price for a home in the Las Vegas market increased to $204,000, that’s an uptick of 1.0% from November (the average price in November was $202,000). Looking back at this time last year, the $204,000 average selling price has increased 10.3 percent. In addition, the Vegas condominium market saw prices fall 5.8% to an average selling price