Selling Your Las Vegas Home

It makes a heart warm to see all those "plus signs" in our Las Vegas real estate reports for July 2020. This was a record month, especially for home sales. But what really gets me excited is that people are starting to resume their lives and getting back to a sense of normalcy. We're seeing old habits emerge such as relocating to a new home before kids start school. First time buyers have decided it's worth the risk to buy now and take advantage of the amazing interest rates. It's not a perfect world yet, but we're adapting.

Las Vegas Single-Family Home Sales for July 2020

Single-Family Home sales surpassed June by 38% with 2,205 Closed Sales. Median Sales Prices have risen almost 8% higher than July 2019. The demand is there, but inventory is

Congratulations to the new buyer of this truly lovely home in Stonehurst at Mountains Edge. This home sold after just 5 days on the market. It was move-in ready with many exceptional features and instant curb appeal.

Mountains Edge - An Exciting Master-Planned Community

Mountains Edge is an expanding master-planned community in Southwest Las Vegas. Designed with families in mind, the community features great parks, and 500 acres of open space, hiking trails, and walking/jogging paths. Some of the amenities include:

• Exploration Peak & Exploration Park
• Mountain's Edge Regional Park
• Nathaniel Jones Park
• Paiute Park
• Clubhouse w/ party rooms and well-equipped kitchens
• 2 Swimming pools with spas
• Basketball courts
• Children's

Admittedly, I was somewhat apprehensive pulling the stats together for the June 2020 report on Las Vegas real estate sales. But, after running the numbers, I've got every reason to be optimistic. Although sales haven't reached 2019 heights, sales for both single-family homes and condos have increased since May, and prices are also on the rise. Sellers are getting over 98% of their asking price and homes are selling quicker than ever, after an average of just 38 days on the market.

Las Vegas Single Family Home Sales for June 2020

Single-Family Home sales surpassed April and May by 47% with 1,596 Closed Sales.

Single-Family Home Closed Sales
May: 1,084
June: 1,596

Average Sales Price
May: $375,241
June: $378,957 up 6.7% from June 2019

Purchasing a home in Las Vegas has never been safer or easier. Whether it's a brand new build or an existing home, we've got you covered.

Book a Private Showing

Is there an existing home you'd like to view. No problem, just let Leslie know, and the two of you can set up a time to view the home safely with a private showing.

From Out of Town?

If you're located outside of Las Vegas, or would rather purchase remotely, Leslie can arrange for a Facetime or video tour of the home. Just contact her to make an appointment and you can view the listing from the comfort of your own home.

Start your search for Las Vegas Homes for sale

Interested in a New Builder Home?

Simply search through the Las Vegas new builder listings on our website

Now that the summer heat has calmed down and the temperatures are more conducive to shopping for that new home, we're starting to see Las Vegas real estate sales on the rise. 

On hand property inventory is hovering just under 3 months, which may indicate some apprehension about listing. This shouldn't be a concern, the market is full of serious buyers just waiting for that perfect home. Interest rates are very favorable, but slightly on the rise, which means if you're considering a new purchase, the timing is now.

We're also seeing more first-time buyers this Fall. Entry level homes or condos in good condition are selling quickly.

Las Vegas Real Estate Stats

Here are the latest stats for Las Vegas real estate in October 2019:

Las Vegas

There's nothing better than listing a home and having it sell in under a month. These two listings, sold in about two weeks; now the sellers can get on with their lives and finding new Las Vegas homes.

Charleston Heights, Las Vegas | Sold In 12 Days

This energy efficient, single-story ranch home with many new upgrades and no HOA sold after being listed for only 12 days. View current listings for sale in Las Vegas, NV

Mission Horizon, Henderson | Under Contract in Just 15 Days!

This charming, single story home in a quiet Henderson neighborhood has a very low HOA for Henderson, $36/mo. It's a no wonder the home went under contract in just 15 days. View current listings for sale in Henderson, NV

It's summertime in Las Vegas and the homes are selling like hotcakes!

We've got the stats for Las Vegas real estate up to May 2019 and we're seeing some incredible growth. 

Las Vegas Single-Family Homes

Wow, May showed some huge gains in the Las Vegas single-family home market. Average sale prices for homes currently sit at $352,426, up 3.9% from last year. Closed sales are up 3.6%, but up almost 18% from April 2019. View all single-family homes currently for sale in Las Vegas

Stats provided by GLVAR, the Greater Las Vegas Association of Realtors.

Las Vegas Condos & Townhomes

Condo sales in Las Vegas have been increasing by leaps and bounds since January, and now appear to be leveling off. Closed sales are down 2.5% from last

Las Vegas is Trending Toward a Buyer's Market

Overall, this October demonstrated a nice recovery from the slower months in late summer. One big change is apparent; there are definite signs that the Las Vegas real estate scene is trending toward a Buyer's Market. This is pretty big news, considering the lengthy Seller's Market that has sustained itself for the past year. 

Here are some of the indicators that the market is tilting slightly more favorably toward buyers:

• Months supply of inventory has been on the rise each month, and up 21.7% from October 2017
• An increase in new listings
• Number of closed sales decreased -18% since the spring
• The number of days on market is on the rise, 32 in October and as low as 25 last July
• The

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

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

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.