Tagged : Las Vegas real estate agent

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,

As of March 2021, the Las Vegas real estate market is probably one of the strongest seller's markets we've had in years. Home sales and average prices are setting record highs. At the same time, interest rates are hitting record lows which is fueling the market with buyers. Inventory availability is sitting at less than 6 months, as a result, we're seeing more multiple bid offers than ever. 

Here is a summary of the real estate stats for the Las Vegas Market as of March 2021, and see Tips for Buyers in this Strong Seller's Market below.

Single-Family Sales Spotlight- March 2021

Single-Family home sales were up 35.1% from March 2020, and 34.7% from February 2021

Average Price: $454,954 up 22.3%

New Listings: 3,566, down -1.1% from 2020

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

$385,000 | MLS #2168112 - UNDER CONTRACT AFTER 10 DAYS!
5032 STONE BAY Avenue, Las Vegas, Nevada 89131

Now presenting this gorgeous 4 bedroom home in Pavona Estates, Las Vegas. Situated on one of the largest lots in the community with no neighbors behind, you'll have extra privacy when enjoying your inground pool and spa. The newly landscaped backyard is only one of the many perks in this well cared for Las Vegas home.

View complete listing here

Take a video tour of our home for sale at 5032 STONE BAY Avenue, Las Vegas, Nevada 89131

Quick Facts

• 2-Story, detached home
• 2,177 Square feet, Lot size 9,148 sq.ft.
• 2-Door Attached garage with automatic openers
• 2 Full bathrooms plus 1 half bath
• 4 Bedrooms (1 master)
• Engineered

Congratulations to These NEW Las Vegas Homeowners!

Four happy homeowners rang in the new year in style when they purchased their Las Vegas dream homes. Congratulations to you all, I hope you'll be very happy in your new houses.

1050 Sierra View Court, Paradise Hills, Las Vegas

What a gorgeous 4-bedroom, 2,986 sqft home with upstairs loft. There's plenty of room for a large family here in a quiet community with easy freeway access. View other homes for sale in Paradise Hills

1908 La Calera Avenue , Eldorado, North Las Vegas

This 5-bedroom, 3,539 sqft home has a spacious loft, a huge kitchen, and the biggest pantry I've ever seen. There's a lovely mountain view off the master balcony. View other homes for sale in Eldorado

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

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 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