Las Vegas Home Sales During the 2020 COVID-19 Crisis

Posted by Las Vegas Homes By Leslie - on Monday, June 1st, 2020 at 3:04pm.

What Neighborhoods are Selling in Las Vegas & How Much

Las Vegas real estate trends

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 Home: 5,888,000

The buyer of this luxury Queensridge home in Peccole Ranch really hit the jackpot. The selling price was greatly reduced for this incredible 15,000 square foot home on a 1 acre, gated private estate.

Lowest Selling Home: $75,000

This shrewd buyer took advantage of a well priced, 1-story fixer-upper situated only a mile or two from downtown Las Vegas.

Average List Price: $390,079

Average Selling Price: $380,893

Average Days on Market:36 days

Average Year of Home: 1997

Top Selling Las Vegas Communities from Late March-May/20

These were the top selling Las Vegas and Henderson communities for the last 60 days from late March to May, 2020. Click on the links to view current listings in the various neighborhoods.

Community

Average Selling Price

 

Over $500K

Queensridge $1,886,911
Seven Hills $773,441
Anthem Country Club $768,738
Lake Las Vegas $765,042
Summerlin (Misc) $565,543
Summerlin West $551,344
Madeira Canyon $544,167
Summerlin South $529,955
Summerlin North $516,011
Southern Highlands $514,106
Anthem $509,627
 

Over $400K

The Lakes $473,769
Sun City - Anthem $450,188
Inspirada $446,416
Siena $446,375
Sunridge at MacDonald Ranch $460,002
Skye Canyon $433,987
Tuscany $433,760
Coronado Ranch $425,889
Silverstone Ranch $422,250
Iron Mountain Ranch $414,278
Rhodes Ranch $404,690
Desert Shores $404,067
Anthem Highlands $401,773
 

Under $400K

 
Green Valley $398,282
Lone Mountain $392,333
Green Valley Ranch $391,421
Cadence $385,590
Centennial Hills $382,767
Sun City Summerlin $373,984
Paradise Hills $373,543
Painted Desert $371,056
Mountains Edge $365,862
Shadow Hills $357,767
Sun City MacDonald Ranch $354,627
Silverado Ranch $348,985
Peccole Ranch $345,375
Spring Valley $344,013
Providence $338,538
Lynbrook $319,707
Elkhorn Springs $319,213
Spring Mountain Ranch $316,143
Los Prados $305,782
Solera $304,675
Silver Springs $294,900
Stallion Mountain $286,905
Whitney Ranch $279,900

Get More Info on Market Trends in Las Vegas:

Shopping for a Las Vegas Home Has Never Been Easier

Las Vegas 2019 Market Trends - A Year in Review

Las Vegas Top Selling Master-Planned Communities in 2019

Clark County Tax Rates for 2019/2020

By Leslie Hoke

Las Vegas Homes By Leslie
8010 W Sahara Ave #150, Las Vegas, NV 89117
Direct: (702) 321-1763 Fax: (702) 224-2146
www.LasVegasHomesByLeslie.com
Premier Realty Group

License #S.0062628


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