Las Vegas Real Estate News

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Las Vegas real estate news

Las Vegas Real Estate News for September 2018

North Las Vegas Growing by Leaps and Bounds

North Las Vegas real estate was once a frontrunner in the housing crisis of ten years ago. Today the community is full of new growth, new construction and increased housing prices. In fact, prices are growing so quickly that many home buyers have been completely priced out of a once affordable market. New developers such as Pardee Homes and Lennar are definitely focusing on the higher end housing market with their exciting new developments in North Las Vegas.
Reported by By Matthew Goldstein and Robert Gebeloff, New York Times News Service

Las Vegas Raider Stadium Update

It looks like the estimated completion date of August 1, 2020 for the Las Vegas

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The first half of 2018 was a bit of a head scratcher for Las Vegas real estate. Sales were sluggish at first, then suddenly, no one could keep up. Prices increased considerably, properties started selling in record time, but as with previous months, inventory remained low. Sellers are either cautious, content to wait, or both. I'm not sure why, because this is a seller's market one could only wish for.

Las Vegas Market Stats Up to June 2018

Las Vegas real estate stats 2018

Las Vegas Single Family Homes

Selling almost as soon as they're listed, single-family homes are sitting on the market for an average of 25 days, 28.6% less compared to the same time in 2017.

Although the number of new listings are up, the number of closed sales are down (-11%), probably due to the need

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Listings for homes and condos in 55+ communities in Las Vegas are in extreme demand. Selling prices range from $135,000 to $870,000 with the average being $329,521. They only average about 37 days on the market before selling. I've recently sold a home in Sun City Summerlin that was only listed 13 days.

Popular 55+ Communities in Las Vegas, YTD 2018

Las Vegas top selling 55+ communities

These are the top selling 55+ communities in Las Vegas up to July 2018, sorted by average sales price. Click on your desired property to view current listings, or browse all  active-adult neighborhoods here. 

Property

Average Selling Price

Summerlin - Regency $623,951
Sun Colony at Summerlin $453,444
Sun City - Anthem $450,625
Sun City
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Summerlin home sale in Silver Pines, Summerlin

 

10524 Autumn Pine, #201, Las Vegas, NV

Congratulations to the sellers of this perfect Silver Pines condo in The Arbors at Summerlin. I can't stress enough to my clients, the importance of getting a home ready for sale. These sellers went the extra mile to make this a beautiful, clean, ready-to-sell condo. As a result, it sold in 3 days. View all Summerlin homes for sale

Silver Pines, Summerlin

Here were a few of the changes they made:

  • NEW 2-toned paint
  • NEW carpet
  • NEW "Quiet Walk" laminate flooring in bathrooms & kitchen
  • NEW blinds
  • NEW appliances
  • NEW door handles, shower heads, front door lock & switch covers

Not every home seller has to upgrade to this extent, but for this property, it worked. Now, after a 3-day sale, they can move on

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We looked at the top selling neighborhoods in Las Vegas YTD as of June 30, 2018 and have come up with the list below. Average prices have increased by leaps and bounds, notice that none of the top sellers are below $350,000. SummerlinMountain's Edge and Southern Highlands are consistent front runners for high performing real estate sales. You can also view listings in all major Las Vegas Neighborhoods.

Top Selling Las Vegas Neighborhoods 2018

Top 20 Selling Las Vegas Neighborhoods by Volume & Average Price

Click your desired neighborhood to view current listings.

Neighborhood # of Sales YTD Average Selling Price
Summerlin 313 $629,817
Mountains Edge 216 $375,317
Southern Highlands 184 $619,543
Summerlin West 140
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What a spring for home sales in Las Vegas. The summer is a popular time for moving, with families wanting to get settled before September. Congratulations to these happy home sellers whose houses were listed for less than one month.

Recent homes sold by Las Vegas realtor Leslie Hoke

Recent Las Vegas Home Sales by Leslie Hoke

The following Las Vegas homes sold in under 1 month, with 80% selling in under 2 weeks!

MLS #1981897 - 8832 Ashley Park Avenue, Las Vegas

Days on Market: 4 days

Sold for $293,000, over $13k over the asking price!

MLS #1981897 - 8832 Ashley Park Avenue, Las Vegas

MLS #1984246 - 7212 Fairwind Acres Pl, Las Vegas

Days on Market: 5 days

List Price: $299,900

MLS #1984246 - 7212 Fairwind Acres Pl, Las Vegas

MLS #1991807 - 2801 Pinkerton Dr., Sun City Summerlin, Las Vegas

Days on Market: 11 days

List Price: $269,900

MLS #1991807 - 2801 Pinkerton Dr., Sun City Summerlin, Las Vegas

MLS #1991549

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Leslie quick sales in March

If you see a home on the Las Vegas market that you like - don't wait long to make an offer. These three houses sold in 4, 5 and just 10 days. Needless to say, the sellers were very happy.

Here were the listings:

MLS #1981897: 8832 Ashley Park Ave., Las Vegas
SOLD after 4 days

MLS #1981897, 8832 Ashley Park Ave., Las Vegas

MLS #1963240: 1575 Warm Springs Road, Verde Jiejo, Henderson
SOLD after 5 days

MLS #1963240, 1575 Warm Springs Road, Verde Jiejo, Henderson

MLS #1977692: 5864 Lazy Creek Avenue, Highland Ranch, Las Vegas
SOLD after 10 days

MLS #1977692, 5864 Lazy Creek Avenue, Highland Ranch, Las Vegas

There are similar homes for sale that you might be interested in. If you've considered selling your home, the current SELLER's market could not be better. Don't hesitate to contact Leslie for more information, or call (702) 321-1763.

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custom closet in new Las Vegas homes

Whether you're a fashionable dresser, or a homeowner seeking an organized and trendy storage solution, everyone deserves to own the closet of their dreams. Las Vegas builders are turning that into an easy task with the inclusion of master-designed closets in their new home construction in Summerlin.

Recognizing the Las Vegas homeowners’s growing desire for more than just the usual storage solutions, Summerlin builders offer custom-designed closets that maximize storage space and elegance with features such as:

  • Leather, metals, natural wood grains
  • Upscale lighting options
  • Custom shelves and racks
  • Personalized decorative items and photos
  • Dressers, mirrors, seating

Summerlin Builders

For homeowners who purchase a home at

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home financing options

Mortgage & New Home Financing Considerations

Are you considering a move, or new home purchase in Las Vegas? If you're a new home owner, or looking to sell an existing house, unless you will be paying cash, you'll be looking at getting a new mortgage.

Before you do anything, make an appointment with the mortgage representative at your bank, or with a recommended mortgage broker, or advisor. They'll be able to help you get the answers you need.

Here are some tips, just to get you thinking of the types of questions to ask, or options to consider:

1. Get Your Rate Quote in Person

There are so many websites that allow you to research mortgage rates online and give what they promise is the best rate quote. Mortgage pricing is based on several

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9292 La Mancha Avenue, Las Vegas NV - $875,000 NOW REDUCED, ONLY $796,500!

Centennial Hills is one of the top selling neighborhoods in Las Vegas and with homes like this one, we can see why. A previous model home, this semi-custom is like brand new and comes with many desirable features. Where else will you find a grotto-style pool with a solar heating system, or RV garage complete with lift! This is a home that was well-cared for and obviously well appreciated. It was thoughtfully designed for luxury, comfort and practicality.

 

The Kitchen

This kitchen is truly over-the top with tons of custom cabinetry with soft close drawers and thick granite counters. The island has a veggie sink and a three-seat breakfast bar.

MLS 1967345 kitchen in Centennial Hills home, Las Vegas

The kitchens

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