Tagged : Las Vegas real estate stats

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

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

In spite of the doom and gloom we hear on the news every day, this could not be a better time to purchase a home or condo in Las Vegas. If you're an existing home owner, maybe uncertain about selling, you'll find the current market is extremely active with serious buyers.

If you're looking to buy a home, there is about 3 months supply of new listings, a stable price market and better interest rates than we've seen in some time. 

If you're currently renting and haven't yet ventured into Las Vegas home ownership, we've provided suggestions below that could help with your decision.

Las Vegas Real Estate Stats

We know this is a great time to purchase real estate in Las Vegas, but don't take our word for it, here are the current stats for

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 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

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

We looked at the top selling neighborhoods in Las Vegas YTD as of June 30, 2018 and have come up with the list below. Average prices have increased by leaps and bounds, notice that none of the top sellers are below $350,000. Summerlin, Mountain's Edge and Southern Highlands are consistent front runners for high performing real estate sales. You can also view listings in all major Las Vegas Neighborhoods.

Top 20 Selling Las Vegas Neighborhoods by Volume & Average Price

Click your desired neighborhood to view current listings.

Las Vegas Market Stats from January to March 2018

The spring home sellers market has taken off with a vengeance in Las Vegas. The average price for single-family homes has increased by 18% in the first quarter. Townhomes and condos have increased an average of 27.4%! In both cases listings are selling for an average 98.9% of the asking price.

The only downside to these encouraging stats is the supply. At the end of March there was just over 1 months of inventory on hand. This is great for sellers who are getting a quick turnaround for their properties. But there are a lot of buyers out there who would appreciate a bit more selection when they're shopping for a home.

Top Selling Las Vegas Neighborhoods

Here are some of the top selling