Las Vegas Market Update – November 2011

New 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. Registration is now open. Just click here to view the course and/or register. The Current Las Vegas Market Single family residential (SFR) closings for October were down … More Las Vegas Market Update – November 2011

Las Vegas Market Update – October 2011

The Current Las Vegas Market Single family residential (SFR) closings for September were down 12.5% from August but up 15.5% from September 2010.  Total year-to-date closed units are up just over 10% from this time last year.  Short sale closings picked up momentum over Bank Owned (REO) closing and over traditional closings.  Available REO listings … More Las Vegas Market Update – October 2011

Las Vegas Market Update – September 2011

Summer Heat Only Steamed the Sales! Single family residential (SFR) closings for August were up over 17% from July and up more than 31% from August 2010.  Short sale closings were up 25% from July as we continue to see banks streamline their short sale approval procedures and become more efficient in processing short sales.  … More Las Vegas Market Update – September 2011

Las Vegas Market Update – June 2011

Let’s Talk Inventory! Single family residential (SFR) closings for May were nearly 1% better than April and 7.6% up from May 2010. The median sales price of an SFR improved to $126,000.  Overall inventory held steady, but available REO inventory drifted higher and is approaching the 3400 level.  Meanwhile Classic Closings continue to have the … More Las Vegas Market Update – June 2011

Las Vegas Market Update – May 2011

Happy Mother’s Day Weekend! Single family residential (SFR) closings for April were down 9%from March but 4.5% better than April 2010. The median sales price of an SFR dipped further to $125,000.  Yet, the average closed sales price increased slightly from last month. Homes in the South, Northwest, and Summerlin enjoyed noticeable higher average closing … More Las Vegas Market Update – May 2011

Las Vegas Market Update – April 2011

March Soars Past February and Betters Last Year! Single family residential (SFR) closings for March were up 31% from February and 6.6% better than March 2010. The median sales price of an SFR dipped 1.6% to $125,950.  Overall inventory continues to slowly shrink while available REO inventory remains steady at the 2800 level.  Average SFR closings … More Las Vegas Market Update – April 2011