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Admittedly, I was somewhat apprehensive pulling the stats together for the June 2020 report on Las Vegas real estate sales. But, after running the numbers, I've got every reason to be optimistic. Although sales haven't reached 2019 heights, sales for both single-family homes and condos have increased since May, and prices are also on the rise. Sellers are getting over 98% of their asking price and homes are selling quicker than ever, after an average of just 38 days on the market.

Las Vegas Single Family Home Sales for June 2020

Single-Family Home sales surpassed April and May by 47% with 1,596 Closed Sales.

Single-Family Home Closed Sales
May: 1,084
June: 1,596

Average Sales Price
May: $375,241
June: $378,957 up 6.7% from June 2019

What Neighborhoods are Selling in Las Vegas & How Much

These may be some of the hardest times the Las Vegas real estate market has seen in decades, but contrary to popular belief, the market during the COVID-19 crisis has not ground to a halt. Folks still have homes to sell, and according to the stats from the last 60 days (late March to May/20), people are still buying those homes.

These are unusual times, for certain, but the industry has adapted. Now, we rely on technology more than ever to advertise Las Vegas homes for sale and provide virtual or private tours in place of open houses. Even the new construction industry is featuring virtual tours of their model homes.

Quick Stats for Las Vegas Home Sales - March-May/2020

Highest Selling

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In 2019, this leading, national builder, Taylor Morrison purchased California-based builder, William Lyon Homes for over $2 billion. Since then, Taylor Morrison has emerged on the Las Vegas building scene with some exciting and diversified new home communities.

The seventh-largest homebuilder in the U.S., Taylor Morrison has earned the recognition of being America’s Most Trusted® Home Builder for five years in a row. Their committment to responsible building begins with the design process. Their ENERGY STAR rated homes ensure exceptional energy efficient features that help the environment and save money too!

We're really excited about their properties, currently six in Las Vegas communities and two in Henderson. I don't think we've ever seen such

$135,000 - MLS #218199
1909 Rio Canyon Unit #204, Las Vegas, Nevada 89128

1 BEDROOM CONDO FOR SALE IN LA POSADA AT SUMMERLIN 

Sick of renting? This gorgeous 1-bedroom condo in Summerlin, Las Vegas will make the perfect starter home. At just $135,000, it's probably cheaper than renting. This is a single story condo, located on the 2nd floor of the gated La Posada development. You'll find it in pristine condition and comes complete with all appliances and furnishings. All you have to do is move in!

View complete listing here

Take a video tour of this Summerlin condo for sale at 1909 Rio Canyon Unit #204, Las Vegas, Nevada 89128

Quick Facts

• 1-story condo - on the 2nd floor
• 707 Square Feet
• 1 Bedroom, 1 Bath
• Furnished

Even amid all the craziness we're experiencing right now, homes are still closing and going under contract. Congratulations to the buyers and sellers of these homes this past month.

MLS #2168112 - SOLD - AFTER 10 DAYS!
5032 STONE BAY Avenue, Las Vegas, Nevada 89131

MLS #2164865 - SOLD - AFTER 24 DAYS!
SQUARE AT NORTH RANCH, North Las Vegas, Nevada 89084

MLS #2161762 - UNDER CONTRACT! Rare Las Vegas Home on Almost Half Acre - Close to the Strip
2940 McCoig Avenue, Las Vegas, NV 89120

MLS #2144035 - UNDER CONTRACT! Gorgeous home in The Lakes -
3124 CLAMDIGGER Lane, Las Vegas, Nevada 89117

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The Las Vegas real estate market ended on a high note in 2019. We had a high percentage of pending sales in both single-family and condos with similarly high increases in closed sales. We're still seeing a reluctance to list, with under 3 months of inventory. Which is surprising, with sellers getting an average of 98.4% of their asking price and homes remaining on the market for just over a month.

Las Vegas Single Family Home Sales Highlights

Current as of January 3, 2020. All data from Greater Las Vegas Association of REALTORS® MLS. Report © 2020 ShowingTime.

After a slightly sluggish year in 2019, the market for single-family homes in Las Vegas started to make a nice comeback. In December closed sales were up 16%, pending sales up 33.9%

Featured Development in Las Vegas in 2020

What's on the horizon for new growth in Las Vegas for 2020?

• Industry & Services in Las Vegas
• Developments in Education for Las Vegas
• Residential Developments in Las Vegas
• Transportation Improvements in Las Vegas
• Retail & Recreation Developments in Las Vegas

From 2018 to 2019, Nevada was 2nd in the country for annual population growth at 1.74%. Out of 30 major metroplitan cities, Las Vegas was third, with a growth factor of 2.2% (almost 50,000 new residents). That's a lot of growth, and a big infrastructure to support.

The city has responded to this challenge with approximately $23.0B  currently invested in major projects within Southern Nevada in 2020. In fact, it's pretty

What are the Most Popular Master-Planned Communities in Las Vegas?

Master-planned communities in Las Vegas and Henderson continue to be among the most popular choices for settling and buying a home. They're close to shopping, parks, some of the best schools, medical facilities and have great highway access.

Some of the top selling Nevada master-planned communities adapt to a variety of lifestyle choices and feature family neighborhoods, 55+ communities for active adult living and in some cases condos or townhomes. We're already starting to see huge increases in sales as some of the newer master-planned communities have taken off, such as Skye Canyon in northwest Las Vegas; Lake Las Vegas, a resort-style community in Henderson; and Valley Vista

Las Vegas 55+ retirement communities are among the top sellers in the Nevada market today. In fact, Henderson was the top city for retirement relocation in the country.

It's a no wonder that 55+ hotspots such as Sun City MacDonald Ranch, Sun City Anthem, Solera, Heritage at Cadence, Cordera Ranch and The Club at Madeira Canyon are all in Henderson. Not to forget the latest Del Webb Sun City at Lake Las Vegas.

Popular 55+ Communities in Las Vegas, YTD 2019

These are the top selling 55+ communities in Las Vegas up to the end of December 2019, sorted by average sales price. Click on your desired property to view current listings, or browse all  active-adult neighborhoods here.