The 2018 Las Vegas Spring Market

Posted by Las Vegas Homes By Leslie - on Thursday, April 19th, 2018 at 12:22pm.

Las Vegas Market Stats from January to March 2018

Las Vegas 2018 real estate stats

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.

Las Vegas ytd real estate stats


Top Selling Las Vegas Neighborhoods

Here are some of the top selling neighborhoods in Las Vegas, for single-family home sales.

Neighborhood # of 1st Quarter Sales Average Selling Price
Summerlin 346 $570,398
Mountains Edge 188 $319,047
Southern Highlands 114 $596,065
Sun City Summerlin 113 $333,061
Providence 110 $309,072
Silverado Ranch 81 $306,260
Centennial Hills 78 $333,062
Spring Valley  57 $273,584
Rhodes Ranch 56 $398,935
Siena 45 $490,034
The Lakes 43 $385,096
Desert Shores 42 $393,597
Peccole Ranch 36 $333,069
Iron Mountain Ranch 29 $300,400

If you've considered selling your home, the current SELLER's market could not be better. Don't hesitate to contact Leslie for more information, or call (702) 321-1763.

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By Leslie Hoke

Las Vegas Homes By Leslie
8010 W Sahara Ave #150, Las Vegas, NV 89117
Direct: (702) 321-1763 Fax: (702) 224-2146
www.LasVegasHomesByLeslie.com
Premier Realty Group

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