Las Vegas Sold Homes & Real Estate

February Market Trends Continue: Higher Prices & High Demand

Las Vegas real estate sales in February 2022 continues trend of high prices and high demand.

The number of closed sales have held their own in February, trending down slightly (-7.6%) from February 2021. Average sales prices continue to rise (up 19% from 2021) and properties are remaining on the market just an average of 23 days. New inventory continues to be a challenge with new listings down -5.3% since last year, but just -1.7% year-to-date. The demand for new inventory continues to be strong - it's a seller's market out there.

Las Vegas Single-Family Home Sales: February 2022

February 2022 Single-family home sales in the Las Vegas area are down just -9.6% from

Las Vegas Real Estate Demand & Prices - Up, Inventory - Down

Rewind back to December 2021, after a record-setting year, home and condo sales in Las Vegas finally showed signs of settling down. That trend has carried throughout January 2022 with a 1% increase in closed sales. New Listings continue to decline and Months Supply of Inventory sits at 0.8 (less than a month). This hasn't stopped the momentum for Average Sale Prices which are up 22.4% for Las Vegas homes and condos combined.

The overall Housing Affordability Index is down by -20.7% from 2021. In spite of this, the demand for real estate is huge, with listings remaining on the market an average of just 27 days. 

Las Vegas Single-Family Home Sales: January 2022

Las Vegas Fall 2021 Market Snapshot by Las Vegas Homes by Leslie

This Fall, real estate trends in Las Vegas were characterized by increased closings, higher prices and quick sales. Real estate sales and prices in Las Vegas continue to be on the rise for both single-family homes, condos and townhomes. The Housing Snapshot below, summarizes market trends for Las Vegas homes, condos and townhomes this past November 2021.

November 2021 Housing Snapshot

Las Vegas Single-Family Home Sales - November 2021 vs 2020

Sales for single-family homes in November 2021 were up 7.8% compared to 2020. Median Prices of the units sold were up 21.7%. the number of New Listings were only up 3.1% and Available Units down -25.3% as the market continues to struggle

September Home Sales by Las Vegas Homes by Leslie

I'm still in awe when I see the number of homes selling this year, and so quickly. These Las Vegas homes featured below sold in under 2 weeks, some within 7 days. Prices are higher than ever; in August 2021, single-family homes had a median sales price of $403,995 (up 20.6% from 2021). Condos had a median sales price of $200,000 - up 33.8% from last year!

Sold in 5 Days for $45K Over Asking Price!
Home in Tenaya Highlands, Las Vegas, NV

This gorgeous home showed like a dream with every upgrade you can imagine. Situated on a corner lot with a resort-style pool, spa, and covered patio. This Tenaya Highlands home went under contract in just 5 days. 

Sold in 3 Days!
The Ridges at Summerlin,

The Las Vegas real estate market has been a non-stop adventure this summer. Homes and condo prices have skyrocketed to highs unlike anything we've ever seen. The luxury home market in Las Vegas for new and existing homes is also increasing. We're seeing new builder homes, such as the new "Raider's Stadium" clone mansion by owner Mark Davis; and the record $32.5 million mansion for sale in Henderson's Ascaya community. In addition, rental prices are creeping out of reach for many, with a shortage of new inventory. Help is on the way, with several new rental developments in the works.

Here is the latest news and highlights for the Las Vegas real estate market up to August 2021:

• Las Vegas Home and Condo Prices
• Mark Davis Raider's Mansion

At one time, you were hard-pressed to find a condo to buy in Summerlin. But, over the past few years, the condo/townhome market in Summerlin has been steadily growing and has resulted in a desirable location for maintenance-free housing. Whether you're seeking an age qualified building, an ultra-luxury condo, or just entering the real estate market, there are properties here to suit every lifestyle.

Summerlin condo residents also have the benefit of a plethora of amenities, parks, schools and recreation facilities that Summerlin is famous for. Use our guide to navigate the 2021 Summerlin condo market and read more about:

• Snapshot of 2021 Summerlin Condo & Townhome Trends
• List of Popular condos and townhomes in Summerlin by price

Las Vegas Homes & Condos Flying Off the Shelves

Spring has sprung for these happy clients of Las Vegas Homes by Leslie who have just purchased or sold their homes, in record time. Now they can sit back, relax and enjoy their new homes in the summer months.

These houses were only on the market from 1 - 34 days, selling in record time, and in some cases over the asking price. The market is hot, low on sellers and high on buyers - if you have a Las Vegas home or condo you've been considering selling, now is the time.

SOLD after 1 DAY!

Townhomes in Las Vegas golf communities are flying off the shelves, and this 2-bedroom listing in Sun City, Summerlin was no exception. Only listed for one day, this clean, modern townhome sold itself.

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As of March 2021, the Las Vegas real estate market is probably one of the strongest seller's markets we've had in years. Home sales and average prices are setting record highs. At the same time, interest rates are hitting record lows which is fueling the market with buyers. Inventory availability is sitting at less than 6 months, as a result, we're seeing more multiple bid offers than ever. 

Here is a summary of the real estate stats for the Las Vegas Market as of March 2021, and see Tips for Buyers in this Strong Seller's Market below.

Single-Family Sales Spotlight- March 2021

Single-Family home sales were up 35.1% from March 2020, and 34.7% from February 2021

Average Price: $454,954 up 22.3%

New Listings: 3,566, down -1.1% from 2020

Las Vegas 55+ retirement communities are growing by leaps and bounds, with new neighborhoods being added all the time. New home builders such as Del Webb, Lennar, Shea Homes and Toll Brothers have dozens of new homes in development as we speak. Search latest New Builder Homes in Las Vegas Retirement Communities

This has also led to more variety in Las Vegas and Henderson retirement community market. Prices range from the low $200s to over $1 million, depending on your budget. As new communities come on board, each tries to outdo the other with a larger selection of amenities or a better golf course. It's the homebuyer that comes out ahead as a result of the expanded competition.

Henderson has become the 55+ capital with hotspots such as Sun City

2020 was a tumultuous year for real estate in Las Vegas as we hopped on the Covid roller coaster and hung on for our lives. There were sharp declines in March of 2020, but thankfully by late summer the market started to recover, and the year ended on a high note. Interest rates were too favorable to ignore and home and condo prices continued to increase. Eventually, buyers loosened their grip and re-entered the market. Hopefully, these signs of recovery will carry us well into the new year.

The following reports feature the Las Vegas market trends for single-family homes, condos and townhomes from 2019/2020:

2020 Las Vegas Single-Family Home Sales Highlights

A Research Tool Provided by the Greater Las Vegas Association of REALTORS®

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