October 2017

After a hot, quiet summer, September and October real estate sales in Las Vegas are through the roof! A continuing trend of low housing inventory levels means it’s a great time to sell your Las Vegas home.

Low Inventory

According to the Greater Las Vegas Association of Realtors (GLVAR) monthly report for September, there are only 1.8 months’ worth of inventory on single-family homes. Real estate agents accept that a six-month supply is deemed a normal volume for a balanced real estate market, so this is a seller’s market right now.

For this past September, there were 45% fewer homes on the Vegas market than at the same time last year.

Fewer homes on the market means Las Vegas home sellers can usually get a better return on their house

October has been a month of record sales for Las Vegas real estate, and we're only half-way through! Just last week, these four homes sold by Leslie after being on the market for less than 7 days. Congratulations to the happy buyers and sellers of these Las Vegas homes.

1541 Moss View Court, Las Vegas | MLS #1931092

Days on Market: 6 days

Sold for $267,900 - 100% of asking price

8909 Agate Avenue, Las Vegas | MLS #1932472

Days on Market: 5 days

Sold for $252,000 - 100.8% of asking price

8422 Lodge Haven St., Las Vegas | MLS #1927091

Days on Market: 4 days

Sold for $275,000 - 100% of asking price

1465 Silver Knoll Ave., Las Vegas | MLS #1928481

Days on Market: 3 days

Sold for $255,888 - 98.8% of

Big News for Summerlin & a New Home for the Las Vegas 51s

Now that it’s official, Downtown Summerlin has announced a major new development, and the Las Vegas 51s will have a state-of-the-art stadium to call home.

The Howard Hughes Corporation, which owns controlling interest in the Pacific Coast League team, announced it will build a new baseball stadium on an eight-acre parcel right by the practice arena for the NHL’s Vegas Golden Knights. It will be located just west of S. Town Center Dr. and north of W. Sahara Ave, close to plenty of Summerlin real estate and amenities.

The estimated cost for the 10,000-seat stadium, which will be called Las Vegas Ballpark, is $150 million, and it should be ready in 2019. Howard Hughes Corp. already struck