Tagged : las vegas stats

Attention Las Vegas Home Buyers - Your Guide to Homes and Prices in Las Vegas

Why Buy a Home in Las Vegas?

Is it worth buying a home in Las Vegas? Will I get a good return for my investment? These are all common questions people ask me. After experiencing a boom in Las Vegas real estate for the past several months, things are starting to level off a bit. After the pandemic people felt a sense of urgency to purchase a home, at the same time, sellers were reluctant to move and were content to "wait and see". As a result, there was a shortage of inventory, prices continued to rise and favorable interest rates made it possible for buyers to purchase.

It's apparent over the last while that all good things come to an end. Interest rates have inched

At one time, you were hard-pressed to find a condo to buy in Summerlin. But, over the past few years, the condo/townhome market in Summerlin has been steadily growing and has resulted in a desirable location for maintenance-free housing. Whether you're seeking an age qualified building, an ultra-luxury condo, or just entering the real estate market, there are properties here to suit every lifestyle.

Summerlin condo residents also have the benefit of a plethora of amenities, parks, schools and recreation facilities that Summerlin is famous for. Use our guide to navigate the 2021 Summerlin condo market and read more about:

• Snapshot of 2021 Summerlin Condo & Townhome Trends
• List of Popular condos and townhomes in Summerlin by price

The Las Vegas real estate market ended on a high note in 2019. We had a high percentage of pending sales in both single-family and condos with similarly high increases in closed sales. We're still seeing a reluctance to list, with under 3 months of inventory. Which is surprising, with sellers getting an average of 98.4% of their asking price and homes remaining on the market for just over a month.

Las Vegas Single Family Home Sales Highlights

Current as of January 3, 2020. All data from Greater Las Vegas Association of REALTORS® MLS. Report © 2020 ShowingTime.

After a slightly sluggish year in 2019, the market for single-family homes in Las Vegas started to make a nice comeback. In December closed sales were up 16%, pending sales up 33.9%

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