Tagged : selling a Las Vegas home

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

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

This is a Great Time to Sell Your Las Vegas Home

An inventory shortage of homes for sale in Las Vegas means it’s a great time to sell your Las Vegas home or condo ­– if that’s something you’ve been thinking about recently.

With the Greater Las Vegas Association of Realtors (GLVAR) latest market report, for the month of July, listed inventory is down a whopping 45.2% from the same time last year, it’s certainly a seller’s market in Sin City right now.

With inventory levels at an ultra-low 1.9 months right now, the President of the GLVAR, David J. Tina, noted that a six-month supply is normally thought of as enough homes for a balanced real estate market, but added homes and condos in Las Vegas are really selling quickly, so the inventory

Key stats from the Las Vegas February real estate market update indicate that the buyers are out there, but we need sellers.

Las Vegas Single-Family Home Sales

Here are some highlights from sales of Las Vegas single-family homes in February 2017:

With favorable selling stats like these, why aren't people listing their homes! We have 5% fewer new listings and an inventory of only 2.2 months. 

Las Vegas Condo Sales

Perhaps it's only single family homes that are seeing this problem. Let's look at Las Vegas condo sales in February:

Available Inventory of Las Vegas condos, only 1.4 months!

The Las Vegas market hasn't been this hot in months. Homes have almost been selling themselves. I recently sold a home in Summerlin that was