Tagged : las vegas real estate

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

Wow, when was the last time you could buy two beautiful homes for under $500,000.  These beauties are just $225,000 each - pick one or take them both.

$225,000 - MLS #1873770
6620 Frances Celia Avenue, 204 - East
4 bedrooms, 2 baths, 1,847 SQ FT

$225,000 - MLS #1874284.
3609 Mountain Crest Street, 405 - North West
3 bedrooms, 3 baths, 1,743 SQ FT

View both listings here

If you would like to view either of these homes, or have any questions, don't hesitate to contact Leslie directly at 702-321-1763.

Las Vegas Real Estate Stats & Why You Should Lock In Now!

The Las Vegas home and condo market was anything but dull this past October, showing solid gains over the same time last year. Here are some of the quick stats as reported from GLVAR (The Greater Las Vegas Association of Realtors).

Las Vegas Single Family Homes

Las Vegas Home sales in October were solid, just under 10% higher than 2015. Houses are moving quicker, only remaining on the market an average of 45 days, 21% faster than last year. The median sales price has also risen by 6.3%. Homes are priced realistically, receiving 98% of the asking price. The one area where we are challenged is inventory. In spite of the these positive increases, there are 28% less homes on the market