Las Vegas Sold Homes & Real Estate

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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Anxious Fall Home Buyers & Sellers in Las Vegas

This Fall has brought a flurry of activity to the Las Vegas real estate market. Buyers are anxious to close their home deals and possibly move in before the holidays. At Las Vegas Homes by Leslie, we'd like to congratulate and thank the buyers and sellers of these listings and hope that you enjoy your new homes for many years to come.

We've seen a variety of listings and price points including a Loft 5 penthouse, incredible townhouse short sale opportunity, a renovated Silverado Ranch home, an elegant Lake Las Vegas residence and a perfect Sun City 55+ home backing onto the palm Valley Golf Course. Here they are in more detail:

SOLD in 11 Days - Incredible Lake Las Vegas Home

It's no

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

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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Your Essential Guide to Market Trends for Las Vegas Real Estate

Includes Condos, Townhomes and the Single-Family Housing Market

As we move toward fall, the Las Vegas real estate market has been heating up with some notable shifts. Our latest data, covering June and July 2024, paints a picture of a market that's showing signs of rebalancing while still maintaining strong seller advantages.

You may be familiar with the “lock-in effect” that has kept home prices high, frustrated first-time homebuyers, and limited current homeowners’ options for move-up purchases. The headline story in this summer’s data is a welcome improvement in inventory levels, offering hope for buyers who have been navigating those tight market conditions.

With just

The Ultimate Guide to Las Vegas Housing Market Trends Spring 2023-2024

Whether you’re interested in buying a home in Las Vegas or selling your current property, it’s a good idea to familiarize yourself with the state of the Spring 2024 real estate market before getting started. With that in mind, we’ve brought you a closer look at how the Las Vegas market is currently fairing, as well as how these metrics and some key economic factors will shape real estate activity going forward. Keep reading to learn more.

How is the Las Vegas housing market doing currently?

Key metrics point to the fact that the Las Vegas April housing market is currently experiencing a flurry of activity, even across multiple types of housing. Let’s take a look at how

Why Retire in Las Vegas?

Las Vegas has become increasingly popular as a 55+ retirement destination in the past few years. Lower real estate prices are especially favorable for anyone considering a move from another state. But prices aside, there's plenty of other reasons to retire in Las Vegas:

The weather is ideal, with winter temperatures in the 60-70°F range and summers hitting upwards of 100°F with a dry heat.

Nevada is a tax-friendly state, especially for retirees. You won't be taxed for withdrawls from retirement plans or pensions. Also, you won't be taxed on your retirement income or anything you earn post-retirement. Property taxes are very low and rarely increase.

So much to do! The growing senior populations means more amenities,

Guide to Las Vegas Most Popular Subdivisions

Over the past three months, from March/23 - June/23, the following neighborhoods in Las Vegas have emerged as the most successful subdivisions in terms of sales. These communities are all very different, but each possesses unique selling points that cater to diverse demographics. The price ranges span from moderate to upscale, and all of them boast excellent locations in proximity to local amenities and recreational facilities.

Below, we've listed the most popular Las Vegas communities from the past three months, along with price ranges, ratio of Sale/List price and Average Square footage. It can be difficult navigating the many Las Vegas neighborhoods, and hopefully this will give you a starting

Las Vegas Sales Cool Amid Rising Costs

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 Single-Family Home Sales:

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