Las Vegas Real Estate Blog

Las Vegas Sales Climb from 2015

Total home and condo sales and median prices were up from August of 2015.

• Total  Las Vegas Home Sales $835,260,015 - up 11.6%
• Total Las Vegas Condo Sales: $86,139,841 - up 15%
• Median Home Price: $235,000 - up 6.8% from August 2015
• Median Condo Price: $115,000 - up 4.5% from August 2015

Inventory

The number of Homes, Condos & Townhomes Sold: 3,789 homes, condos & townhomes - in August 2015 3,454

Although sold inventory increased by 10%, we still need homes. There is less than a three-month supply of properties for sale, a six month supply reflects a balanced market. the number of single family homes listed in August was 13,222 - a decline of 2.8% from the same time last year. The big

Summerlin Fall Events 2016

There's always something going on in Summerlin. Bookmark this handy guide for fall events near you.

Looks like momentum is gathering for the Oakland Raiders to possibly make the move to Las Vegas in what could become the second big pro sports franchise for the gambling capital of the world.

While it’s still a long way off and nothing is finalized, the wheels are certainly in motion for the Raiders to join the NHL expansion franchise (which is still to be named) as Vegas’ two major sports teams. So far, the Raiders have applied to the U.S. Patent & Trademark Office to trademark the “Las Vegas Raiders” name. Also too, applications have been made for other items and merchandise for naming rights of the franchise in Vegas.

Raiders owner Mark Davis had originally planned on moving the Raiders from Oakland to Los Angeles, but the NFL denied the

After 60 years, the last remnants of the Riviera Hotel and Casino Towers were put to rest. The implosion took place at 2:30 a.m. on Tuesday, August 16. The crowd of spectators were scrambling to to capture the footage as there was very little notice of the actual demolition moment. The Riviera dates back to 1955 and will go down in history, captured in several Hollywood movies including Ocean's 11, Hangover and the latest Jason Bourne.

The purpose of the demolition? To expand the booming Las Vegas Convention Center.

View the Fox news video of the Riviera Tower implosion:

Video - Las Vegas Riviera Implosion of Casino Towers

When it seems like all you hear are negative reports in the news, it's a refreshing change to read something positive. Kudos to Henderson couple, Brian and Jenny Bland, founders of Goodness Gracious Ministries who are trying to make a difference in the community. After months of renovations, they have converted an old food truck and given it a new purpose - to provide meals for the homeless and less fortunate.

Three years ago, this Henderson couple quit their full time jobs to devote their time to helping the homeless. Working out of various locations in Las Vegas Valley, the Blands prepare a healthy breakfast for people in the area. Armed with several volunteers they fill a plate with items such as pancakes, eggs, fruit and a bagel, for many this is

The local report from the Greater Las Vegas Association of Realtors show Las Vegas property prices and sales for residential real estate in southern Nevada remained steady. That’s more good news for both sellers and buyers as activity continues to be brisk during the typical busy summer months.

 The GLVAR reported the median home price for properties sold via the Multiple Listing Service (MLS) was $211,250; an 8.3% increase from 12 months ago when the price was $195,000. Townhomes and condominiums sold for an average of $112,000, representing a 9.8% increase from last May.

 The one word I can use to describe the southern Nevada real estate market over the past year or so is steady. We had a real surge in sales for March and April then a leveling off

Your own private oasis in the desert awaits at 3304 Brayton Mist Dr North Las Vegas 89081. From the moment you step foot on the property you’ll notice the quality construction and move-in readiness of this 1,876 square foot two-story home in Shadow Springs. You’ll love the exterior as you enter the back yard and take in the in-ground pool surrounded by upgraded tile. Whether you are entertaining guests or simply enjoying the water with a cool drink and a book, this home offers an excellent quality of life for just $185,000. The covered patio provides plenty of functional outdoor space and protection from the sun. You’ll spend plenty of evenings outside grilling up your favorite foods or watching the kids splash in the water.

North Las Vegas Home with

In the past few years the Las Vegas Real Estate market has garnered a lot of media attention of the unwanted variety. But in a complete 180-degree turnaround, Fox News will be debuting a new Las Vegas real estate show titled “Bob Massi is the Property Man.”

Now whether you’re a fan of the polarizing Fox News channel or not is irrelevant. The point is, the Las Vegas market is going strong and major networks like Fox wouldn’t bother to highlight the market if they thought otherwise.

Massi, who serves as a real estate legal analyst will offer advice to southern Nevada business owners and families who faced adversity during the real estate crisis. The first episode is said to be focused on the rebounding market.

Las Vegas Real Estate Show with Bob

In my last blog "Las Vegas Housing Market Surges Forward", I discussed the huge sales increase in the local market and how I hoped it was the start of a trend, rather than a one-time occurrence. The newly released data from the Greater Las Vegas Association of Realtors show that despite the major increase in March, even more homes were sold in April. While two months does not a trend make, it looks like the increase we saw in March wasn’t just a one-time outlier.

Las Vegas Homes Sales

The latest Las Vegas homes sales numbers show the average sale price for homes sold through the Multiple Listing Service was $212,568 – up 3.7% from $205,000 in March and 10.7% from twelve months ago. Condos and townhomes were $115,000 – unchanged from March, but up

More good news for the Las Vegas housing market. Stability and low prices have been the theme for months, which is a welcomed sight after some turbulent times. For March, the Greater Las Vegas Association of Realtors (GLVAR) reported the median price of single family was $205,000, unchanged from February, but an increase of 5% from 12 months ago. The condominium and townhome market experienced a significant uptick coming in at $115,000, representing a 9.5% increase from last month and a 14% increase from one year ago.

In total, 3,358 Las Vegas homes, Las Vegas townhomes, and Las Vegas condominiums sold in southern Nevada compared to 2,452 in February, and up nearly 250 homes from this time last year. The percentage gains are staggering, with sales