Property Management Permit Course!
First, I am going to shamelessly plug Americana’s Pre-Licensing Property Management Permit course that was recently approved by the Nevada Real Estate Division. This course is excellent even for those who want to learn more about Landlord Tenant laws in Nevada. Registration is now open.
However, walk-ins are welcome on Thursday morning beginning at 7:30 am, September 13th in our Summerlin office at 10777 W. Twain Ave.!
The Current Las Vegas Market
Single family residential (SFR) closings for August 2012 were up 6.6% from July 2012 despite being down 17% from August 2011. Overall inventory which had been declining month after month saw a small increase as we are back at the 5600 unit level. Most areas in Greater Las Vegas have approximately a 6 week supply of inventory or less. Yet, the best news is that the median price of an SFR rose from $120,000 to $138,000 for a 15% increase during the last twelve months. However, condos and townhomes rose by 21.5% during the same period.
Let’s Compare Market Segment Closing Changes for the Past Year!
Market Momentum: Las Vegas vs Phoenix
Oh – by the way – there is no AB284 in Arizona! Well . . . back to NFL games and watching political commercials!
Happy Birthday Leslie Carver!