Guide to Las Vegas Home Prices by Popular Community

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 their way up to +6%. In June, average home prices began to drop and have continued to do so, but they are still higher than past years. On the plus side, more Las Vegas homeowners have decided it's a good time to list, and now buyers have a wider choice of inventory.

On average, Las Vegas homes are remaining on the market less than a month before selling and sellers are getting very close to their asking price, in some cases higher.

In spite of these changes in the market, Las Vegas remains a great spot for a home or investment property. Average property taxes in Nevada are among the lowest in the United States. Increases to annual taxes are capped at a maximum of 3%, and most districts haven't had an increase in the past 3 years.

Where is the Best Place to Buy a Home in Las Vegas Valley?

Deciding where to buy a home is a very personal decision. You might be looking for a walkable neighborhood, a community close to a particular school, maybe a specific retirement neighborhood, or even a lakefront home. This buyer's guide provides average selling prices for Las Vegas homes in the most popular master-planned communities in Las Vegas Valley, with the Average Sale Price and the Average Percent of Sale/List received upon sale, for the past three months (February - April, 2023).

Once you've identified areas that interest you, just contact Leslie Hoke and she can help you find the most current listings in those communities. Alternately, you can register on the site and set up your own search, where you'll receive weekly emails identifying new Las Vegas listings for sale that match your criteria.

Buyers Guide to Popular Las Vegas Communities & Average Sale Price

A Home for Every Lifestyle

Las Vegas Valley caters to a wide variety of residents with a home to suit virtually every lifestyle and many budgets:

Retirees love it here because of the amazing golf courses, +55 active adult communities, excellent medical facilities and convenience to daily amenities, as well as restaurants and entertainment.

Families love the choice of excellent schools, neighborhood amenities, community centers and parks.

Las Vegas Employment Opportunites: There are several large corporations that make their home in the Las Vegas area which employ tens of thousands of residents. Just a few of these include:

• Lululemon Athletica
• NFP Insurance
• Capitol One
• American Express
• Telus International
• CDW (IT)
• Sanofi Pharmaceuticals
• Virgin America
• Union Pacific
• Medtronic
• First Transit
• Numerous opportunities in the tourisim, gaming & restaurant industry

Overall, Las Vegas has a bounty of great options for entertainment, whether it be sports or concerts, world-class dining, and of course, shopping. At one time Las Vegas was just a great place to visit, now folks have begun to realize that this is an ideal place to put down roots and make Las Vegas their home.

Are You Thinking of Selling Your Home?

I'd be happy to take a look at your home and give you a professional opinion on its value. You can start by:

• Request a free Home Evaluation
• View our Marketing Plan
• Call Leslie at: 702-321-1763