Tagged : Las Vegas home sales

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

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,

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,

Congratulations to these happy clients of Las Vegas Homes by Leslie who have purchased or sold their homes just in time for the holidays. Now you can relax and enjoy your new homes for the new year!

Two of these houses were on over one acre of land with the option of keeping a horse on the property. Larger homesites, still just a short drive to the Strip are becoming increasingly popular. Search Las Vegas homes for sale on large lots

The remaining home sold in just 3 days! It's a charming 2-bedroom in Tenaya 3, with lovely patio, pool and spa. View the large selection of Las Vegas homes with a swimming pool

November Home Sales in Las Vegas

November proved to be a busy month for home sales. Single-family home sales were up 25.9% from 2019

September 2020 Stats & Price Trends for Las Vegas Real Estate

Sales and price trends for Las Vegas real estate showed dramatic increases this September. Not only the number of sales, but property values, the percent of list price that sellers received and improvements to the number of days on the market. It was a "win win" for both buyers and sellers of Las Vegas Homes and condos.

Las Vegas Single-Family Home Sales

September closed home sales at 2,178 were up 18.4% from September 2019. What a boost that was! It was as though buyers jumped off the fence and said, "I'm in!" This, in spite of a 12.6% increase in average home prices - currently sitting at $405,641. Sellers received a record 99% of the average list price and homes only remained on

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

What Neighborhoods are Selling in Las Vegas & How Much

These may be some of the hardest times the Las Vegas real estate market has seen in decades, but contrary to popular belief, the market during the COVID-19 crisis has not ground to a halt. Folks still have homes to sell, and according to the stats from the last 60 days (late March to May/20), people are still buying those homes.

These are unusual times, for certain, but the industry has adapted. Now, we rely on technology more than ever to advertise Las Vegas homes for sale and provide virtual or private tours in place of open houses. Even the new construction industry is featuring virtual tours of their model homes.

Quick Stats for Las Vegas Home Sales - March-May/2020

Highest Selling