Las Vegas Real Estate Blog

September 2022 real estate stats in Las Vegas NV

Las Vegas Sales Cool Amid Rising Costs

Las Vegas September 2022 stats summary 

September 2022 Stats Summary for Greater Las Vegas

As we approach Fall, the Las Vegas real estate market , and the U.S. market as a whole continues to slow down. rising prices and mortgage interest rates are impacting sales. Cost-of-living, even credit cards and auto loans have reached a multi-year high, and all of this combined has cooled home and condo buying activity.

Home and condo prices continue to inch upward, but not with tenacity that we've seen in earlier months. The market is showing signs of leveling off. Here are the stats for the overall Las Vegas real estate market, including homes, condos and townhomes for September 2022 and year to date.

Las Vegas real estate stats for September 2022

Las Vegas Single-Family Home Sales:

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Las Vegas housing prices

Attention Las Vegas Home Buyers - Your Guide to Homes and Prices in Las Vegas

Why Buy a Home in Las Vegas?

Is it worth buying a home in Las Vegas? Will I get a good return for my investment? These are all common questions people ask me. After experiencing a boom in Las Vegas real estate for the past several months, things are starting to level off a bit. After the pandemic people felt a sense of urgency to purchase a home, at the same time, sellers were reluctant to move and were content to "wait and see". As a result, there was a shortage of inventory, prices continued to rise and favorable interest rates made it possible for buyers to purchase.

It's apparent over the last while that all good things come to an end. Interest rates have inched

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Las Vegas home for sale in Silverado Ranch

3-Bedroom Home for Sale w/ Pool in Silverado Ranch, Las Vegas

8901 Living Rose Street, Las Vegas NV 89123

NOW SOLD! $499,900 | MLS #2433906

This gorgeous Las Vegas home for sale in Silverado Ranch is a pleasure to show. There's plenty of space with two-stories, three-bedrooms and two and a half baths. Furniture is optional, a nice perk. The backyard oasis is the real treat. Complete with heated salt water pool, water slide and two covered patios, you'll never want to go indoors. This is the type of home where family memories are made.

Quick Facts

  • 3 bedrooms, 2.5 baths
  • $499,900
  • 2 story
  • 1,717 square feet
  • Lot size: 6,098 square feet
  • 3-Car Attached Garage (613 square feet)
  • Heated salt water pool

Let's take a

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Congratulations on your new home

Las Vegas Homes by Leslie Congratulates These Summer Buyers

I loved working with each of these summer home buyers, and congratulations on your new purchase. Hopefully, you're settled in and enjoying your new homes. The summer of '22 has been a challenging season for Las Vegas real estate with rising interest rates and many quick sales. Three of these listings were on the market for only a week or less.

SOLD IN 3 DAYS! Home w/ RV Parking,
Spring Valley, Las Vegas, NV

Las Vegas houses with RV parking are in such demand, and it's a no wonder this home sold in just 3 days. Located in the heart of Spring Valley, this beautiful single story home has 4 bedrooms, 2 baths, an oasis oversized backyard with pool, deck, covered patio, RV parking, new

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Las Vegas condo buyers guide for June 2022

The demand for Las Vegas condos and townhomes hasn't shown signs of letting up. So versatile, a highrise or condo hotel is a perfect choice for a rental investment, or out-of-town owners looking for a place to stay when they visit the Strip. Condos or townhomes in residential areas are a sought after choice by growing families and empty nesters alike. Depending on the facility, there are usually a range of amenities to choose from, and convenient locations to business, shopping, schools and transit.

Although total sales of condos and townhomes in the Greater Las Vegas area decreased slightly (-10.6%) up to June 2022, the Average Sales Price continues to rise. Compared to the same time in 2021, condo values have risen an average of 28.5%. Buyers

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Las Vegas June 2022 Market Report

Las Vegas Inventory Finally Up, & Prices Keep Rising

June 2022 total market stats 

June 2022 Stats Summary for Greater Las Vegas

The Las Vegas real estate market in June was truly eventful. After months of barely 30 days of inventory, new listings are on the rebound by as much as 61.5% with a 2 month supply. In the midst of this, average home prices are still soaring, up 19%!

June 2022 has proved a challenging time for buyers and sellers, inflation levels have reached over 34%, as a result, the Federal Reserve raised interest rates by three quarters of a percentage point in June, the largest interest rate hike since 1994. Higher real estate prices, combined with rising interest rates have tempered sales, resulting in almost 25% fewer sales overall, since the same

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Sold out neighborhoods in Summerlin, LV

Eleven Summerlin Neighborhoods Almost Sold-Out

For anyone looking to purchase a new construction home in Summerlin, the timing couldn't be more perfect. There are eleven various Summerlin neighborhoods close to selling out. This means new home opportunities that may include special pricing, additional upgrades and shorter closings.

See below for a list of final new home opportunities in Summerlin. Keep in mind that availability flucuates daily, based on current sales.

The Cliffs Village

Situated in southern Summerlin with a picturesque ridgeline backdrop, The Cliffs village features a four-acre park with pickleball courts and playgrounds, three schools and an indoor public aquatic center operated by Clark County. The following builders are

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Las Vegas home for sale at 5710 /Odessa /Drive

4-Bedroom Home for Sale in Winterwood, Las Vegas

5710 Odessa Drive, Las Vegas NV 89142

NOW UNDER CONTRACT AFTER 7 DAYS! $330,000

This affordable single story, 4 bedroom home in Winterwood, Las Vegas is perfect for a growing family or empty nester. The best part it's priced at only $330,000 and no HOA! The home is move-in ready with a huge fenced-in backyard and covered patio. Bring your design ideas and tap into the potential of this really great Las Vegas home.

Quick Facts

  • 4 bedrooms, 2 full baths
  • $330,000
  • 1 story
  • 1,205 square feet
  • Lot size: 4,792 square feet
  • 2-Car Garage
  • No HOA!!

Let's take a look inside...

Entry

Approaching this home you'll be greeted by two large Palms at the front of the fenced

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Congratulations to April Las Vegas Home Buyers and Sellers

These April home sales were quick and easy for both buyer and seller. It's such a relief to get settled in, just in time to relax and enjoy summer in Las Vegas.

I'm happy to congratulate these new buyers and sellers on your new home and condo transactions. It was truly a pleasure working with all of you.

SOLD! NEW BUILDER HOME!
Shadow Point, Summerlin, Las Vegas

Situated in Shadow Point, Summerlin, this is a brand new home by Toll Brothers, Las Vegas. Located in the village of Stonebridge, Shadow Point is just minutes from Red Rock Canyon National Conservation Area. This is a luxury neighborhood featuring both one and two-story homes from 2,285 to 2,879 square feet.

Living in

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Las Vegas market report for March 2022

March Sales Shows Signs of Recovery Amid Rising Prices

Las Vegas stats summary for March 2022 

Las Vegas real estate sales in March 2022 showed definite signs of recovery after a slow start in January. Although real estate prices rose an average of 23% in March 2022, buyers remained steadfast. Las Vegas homes and condos virtually flew off the shelf, remaining on the market an average of 21 days. Sellers received an average of 101.1% of their asking price. A shortage of inventory is keeping overall sales from climbing, as folks are demonstrating reluctance when it comes to listing their homes.

Las Vegas sales stats summary for March 2022

Las Vegas Single-Family Home Sales: March 2022

March 2022 Single-family home sales in the Las Vegas area are down -12.6 from March 2021. While the demand remains high, lower sales

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