August 2018

There are 2 blog entries for August 2018.

The first half of 2018 was a bit of a head scratcher for Las Vegas real estate. Sales were sluggish at first, then suddenly, no one could keep up. Prices increased considerably, properties started selling in record time, but as with previous months, inventory remained low. Sellers are either cautious, content to wait, or both. I'm not sure why, because this is a seller's market one could only wish for.

Las Vegas Market Stats Up to June 2018

Las Vegas real estate stats 2018

Las Vegas Single Family Homes

Selling almost as soon as they're listed, single-family homes are sitting on the market for an average of 25 days, 28.6% less compared to the same time in 2017.

Although the number of new listings are up, the number of closed sales are down (-11%), probably due to the need

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Listings for homes and condos in 55+ communities in Las Vegas are in extreme demand. Selling prices range from $135,000 to $870,000 with the average being $329,521. They only average about 37 days on the market before selling. I've recently sold a home in Sun City Summerlin that was only listed 13 days.

Popular 55+ Communities in Las Vegas, YTD 2018

Las Vegas top selling 55+ communities

These are the top selling 55+ communities in Las Vegas up to July 2018, sorted by average sales price. Click on your desired property to view current listings, or browse all  active-adult neighborhoods here. 

Property

Average Selling Price

Summerlin - Regency $623,951
Sun Colony at Summerlin $453,444
Sun City - Anthem $450,625
Sun City
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