September-October 2024 Las Vegas Real Estate Market Overview

At the time of year when many housing markets are tucked in for fall and winter hibernation, the Las Vegas real estate market is experiencing record growth and non-stop activity, plus increases in employment and in the visitor volume that keeps the region’s employment hubs humming.

In addition, ongoing infrastructure improvements like high-speed rail and renovations at some of the area’s most iconic properties promise to create even more opportunities in both tourism and housing.

Often, increased inventory availability leads to lower prices, but this Fall, the Las Vegas market saw record-high home values during September and October.

Las Vegas Residential Real Estate Stats

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Las Vegas Highrise Condo Hotels - Luxury - Amenities - Investment Potential!

Las Vegas condo hotels feature the same luxurious accommodations and upscale amenities of five star hotels, but offer the investment potential of an actual condominium. For those looking to purchase a low maintenance vacation home, there are a number of luxurious, and usually furnished, condominium hotels to choose from in Las Vegas.

In most cases the building has a rental pool that owners may choose to be a part of. The property manager would look after everything from acquiring renters, cleaning, processing fees and dealing with damage issues. All of this for a percentage of the rental income. It's a great way to ensure a place to stay in Las Vegas whenever you need

Exploring the Advantages of Moving to Las Vegas

If you've been contemplating moving to Las Vegas, but you're still on the fence about making that final decision, this article may be just what you need to make a commitment either way. It provides insight into essential factors such as the Las Vegas housing market, employment opportunities, and more.

Before we dive into the details, though, it's worth mentioning that you're on the right path when considering Las Vegas as your next home. Why is this the case? Because Las Vegas boasts a wonderful mix of a robust city life with picturesque natural landscapes that allow for a wide variety of outdoor recreational activities. This combination provides residents with the opportunity to experience the

Las Vegas Luxury Real Estate Market

Glamour, glitter, and a global symbol of fun and frivolity — Las Vegas has long been a prime destination for extravagant experiences and luxury living. While the casinos, hotels and condos along the iconic Strip are the best-known symbols of Vegas decadence, it’s the area’s exclusive communities and opulent homes that give the area its reputation for high-end real estate.

Luxury communities in Las Vegas feature a wide variety of architectural styles, serene desert landscapes, and recreational options ranging from world-class golf courses to wellness-centered spas. Here you can live the country club lifestyle or experience outdoor adventures you simply can’t find anywhere else.

Whether you’re buying a second

Increased Availability Kept Real Estate Prices Down in August

Improving availability kept home prices from hitting a new record high in August. Meanwhile, cash buyers were down 26 percent year over year, suggesting that interest rate movements will continue to have an impact on buyer scenarios. The good news, every market provides new opportunities for both buying and selling, as we discuss below.

The following report discusses these key points in relation to August housing trends in Las Vegas:

• August 2024 Single-Family Home Sales & Trends
• August 2024 Home & Condo Sales Volume
• Key Takeaways
• Here are the Opportunities!

Key Trends in the August Housing Market Report

Single-Family Home Sales & Trends - August 2024

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Luxurious 2-Bed Townhome Backs onto Golf Course in Sun City - NOW UNDER CONTRACT!

Sun City Summerlin: 2-Bedroom, 2 Bath Townhome

2541 Showcase Drive Unit#0, Las Vegas, Nevada 89134

Sale Price: $480,000 | MLS #2611852

Location, lifestyle, and luxury: you’ll find it all in this Sun City Summerlin townhome nestled on the 17th hole of Palm Valley Golf Course. With over 1,700 sq. ft. this immaculate residence offers breathtaking views and a prime location within Sun City Summerlin, a Las Vegas premier 55+ community. Designed for both everyday and entertaining, the home features two spacious living areas connected by a cozy two-sided gas fireplace, an open kitchen with a seated counter for casual dining and a greenhouse window, plus partially

2023 Buyers Guide to Top Selling Las Vegas Condos

What are the top selling condos in Las Vegas? We've provided a handy list that represents the top performers from January to August, 2023. Included are Average Sales Price, Location, Average Square Footage and links to current listings. This is a great tool to help prospective buyers zero in on the most relevant condos and townhomes in your price range and desired area.

Overview of Price Trends in the 2023 Las Vegas Condo Market

The Las Vegas condo market in the first eight months of 2023 has demonstrated several positive developments. We've seen a gradual, but substantial move towards recovery since January 2023. Here are some noteworthy trends since the beginning of the year:

• Median

UNDER CONTRACT: $390,000 - Gorgeous 3-Bedroom Townhouse in Henderson

3-Bedroom, 2.5 Bath Townhouse

Ladera Villas

1541 Moss View Court, Henderson, Nevada 89074

UNDER CONTRACT!$390,000 | MLS #2449935

This is an immaculate Henderson townhouse in Ladera Villas and WHAT A FIND! These sought after units are especially unique due to their size, great location and amenities. This condo is 2-stories with 3 bedrooms, 2.5 baths, and 2-car attached garage with access to home. There's a large kitchen with breakfast bar, and a family room with gas fireplace. The bedrooms, including master with ensuite are located on the 2nd floor. Ladera Villas has a prime location close to parks and easy access to freeways, shopping mall and eateries.

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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

Las Vegas Inventory Finally Up, & Prices Keep Rising

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