Selling Your Las Vegas Home

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

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

For

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

Everything You Need to Know About Staging Your Home to Sell!

As a realtor, two of my goals are to sell a home quickly and sell it for the highest possible price. Recent studies by The National Association of Realtors reveal that Las Vegas home staging is a powerful tool to help us achieve those two goals. This is especially true because staging not only enhances a property's visual appeal but also enables interested parties to envision themselves living there. Additionally, staged homes look exceptional and tend to have a higher perceived value, often leading to competitive offers and shorter time on the market.

By investing in home staging techniques, Las Vegas realtors and sellers can gain a competitive edge that makes their properties stand

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

March Sales Shows Signs of Recovery Amid Rising Prices

Las Vegas real estate sales in March 2022 showed definite signs of recovery after a slow start in January. Although real estate prices rose an average of 23% in March 2022, buyers remained steadfast. Las Vegas homes and condos virtually flew off the shelf, remaining on the market an average of 21 days. Sellers received an average of 101.1% of their asking price. A shortage of inventory is keeping overall sales from climbing, as folks are demonstrating reluctance when it comes to listing their homes.

Las Vegas Single-Family Home Sales: March 2022

March 2022 Single-family home sales in the Las Vegas area are down -12.6 from March 2021. While the demand remains high, lower sales

The quick home sales we're seeing in the Las Vegas market continue to set records. In the last three months, we've seen Average Las Vegas Home Prices soar by 17.9%, yet listings are only remaining on the market an average of 25 days. So, the buyers are there, waiting with open wallets, even as home prices continue to rise. Interest rates remain favorable and we're seeing more and more buyers from out of state. Closed Sales, however are down almost 2%, mainly due to a shortage of inventory. Currently real estate for sale in Las Vegas is sitting at about one month supply.

I'm happy to congratulate these new buyers and sellers who recently took the plunge, and are happily settling into their new homes.

Sold in 4 Days!
Home in Sierra Crossings,

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

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,

Get caught up on what's new and happening in the Las Vegas real estate market this June. 

Cash Home Sales on the Rise

It seems that cash speaks the loudest when it comes to buying Las Vegas Real estate this year. In May 2021, 31% of sold homes were purchased with cash, an increase of 15% from May 2020. Cash offers are often preferred by sellers over a buyer using financing. Sadly, this practice is putting a strain on new and middle-class home buyers who may have pre-approved loans and are ready to purchase. A good percentage of the cash buyers are coming from out of state, especially California.

As reported in the Las Vegas Sun: Cash Further Squeezes an Already Tight Southern Nevada Housing Market

Resort World Las Vegas Opens Its Doors