Tagged : Las Vegas market

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

Las Vegas Real Estate Market Heating Up!

This quick look at the market trends for Las Vegas real estate in February 2019 shows stats are on the rise. With 3 months of inventory, more new listings, and rising prices for homes and condos, this is definitely a good time to be buying or selling a home, condo or townhouse in Las Vegas.

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

Las Vegas Single Family Homes

By the end of February, the Las Vegas real estate market for single-family homes had 3 months worth of inventory, a 57.9% increase over last year. Pending Sales were up 1.7% and Average Sales Prices were up 3.7%. Homes sat on the market a little longer, 49 days, but still received over 98% of the asking price.

2018 was an interesting year for real estate in Las Vegas.

In 2017, the Las Vegas real estate market was in full recovery mode, climbing to heights we never predicted, and creating a robust sellers market. When the clock turned to 2018, the market started to level off, becoming more realistic and much more conducive to buyers. Home sales decreased somewhat, creating a more balanced market, and condo and townhome sales remained steady.

Las Vegas real estate across the board slowed down toward the end of 2018 with increasing home prices and predictions of interest rate hikes. This is the worst time to be sitting on the fence. If you see a home purchase in your near future, visit a bank or broker and lock in the best rate, now.

Las Vegas Single

2017 was an interesting year for real estate in Las Vegas. The market for condos, townhomes and single-family homes saw sizable increases in number of sales, prices and total dollar volume sold. The number of days properties remained on the market dropped drastically, 50% for condos and 37% for houses. So why weren't people jumping at selling their homes? Not sure, but due to the lack of sellers, the months of on-hand inventory dropped substantially as well. 

What can we learn from this? Well, if you're considering selling - prices are up, listing times are down, and selection of pre-owned homes is sparse. In otherwords - what are you waiting for!!!

For home buyers - if you're not seeing what you want due to lack of inventory, consider buying a new

After a hot, quiet summer, September and October real estate sales in Las Vegas are through the roof! A continuing trend of low housing inventory levels means it’s a great time to sell your Las Vegas home.

Low Inventory

According to the Greater Las Vegas Association of Realtors (GLVAR) monthly report for September, there are only 1.8 months’ worth of inventory on single-family homes. Real estate agents accept that a six-month supply is deemed a normal volume for a balanced real estate market, so this is a seller’s market right now.

For this past September, there were 45% fewer homes on the Vegas market than at the same time last year.

Fewer homes on the market means Las Vegas home sellers can usually get a better return on their house

October has been a month of record sales for Las Vegas real estate, and we're only half-way through! Just last week, these four homes sold by Leslie after being on the market for less than 7 days. Congratulations to the happy buyers and sellers of these Las Vegas homes.

1541 Moss View Court, Las Vegas | MLS #1931092

Days on Market: 6 days

Sold for $267,900 - 100% of asking price

8909 Agate Avenue, Las Vegas | MLS #1932472

Days on Market: 5 days

Sold for $252,000 - 100.8% of asking price

8422 Lodge Haven St., Las Vegas | MLS #1927091

Days on Market: 4 days

Sold for $275,000 - 100% of asking price

1465 Silver Knoll Ave., Las Vegas | MLS #1928481

Days on Market: 3 days

Sold for $255,888 - 98.8% of