Las Vegas Real Estate Update – April 2017

 Greater Las Vegas Real Estate Market Overview March 2017 Single Family Residential (SFR) closed sales were up 41.5% from February and 13.6% better than March 2016, making it the best March since 2012. Year to date 2017 closed sales are now up 12.3% over 2016.  The median closed sales price of a SFR improved 0.83% to $242,000 while the average closed … More Las Vegas Real Estate Update – April 2017

Las Vegas Real Estate Market Update – March 2017

The 79th (2017) Session of the Nevada Legislature! First, there are 257 Assembly Bills and another 238 Senate Bills that are posted on the Nevada Legislature website.  AB-235 (Click Here) was introduced last week and enacts the Uniform Commercial Real Estate Receivership Act. (BDR 3-714).  To keep up to date with Legislative activity in Carson City, click on … More Las Vegas Real Estate Market Update – March 2017

Las Vegas Real Estate Market Update – February 2017

The 79th (2017) Session of the Nevada Legislature Begins on Monday! First, there are 102 Assembly Bills and another 102 Senate Bills that are posted on the Nevada Legislature website.  Expect the tone and dynamics of this session to be vastly different from 2015.  Let’s see how many 2015 bills are modified or repealed!  Will … More Las Vegas Real Estate Market Update – February 2017

Las Vegas Real Estate Market Update – October 2016

Greater Las Vegas Market Overview September Single Family Residential (SFR) closed sales were down 5.75% from August but 7.9% higher than at this time last year.  The median closed sales price of a SFR dipped 0.49% to $233,850 while the average closed sales price of an SFR dropped 0.70%, falling from $269,222 to $267,327.  Yet, SFR closed sales are 6.5% … More Las Vegas Real Estate Market Update – October 2016

Las Vegas Real Estate Market Update – September 2016

New Residential Purchase Agreement – Biggest Change in Ten Years! It was ten years ago that we first introduced a standard Greater Las Vegas Association of REALTORS (GLVAR) Residential Purchase Agreement (RPA) that was generally adopted by most brokerages in Las Vegas. The upcoming version of the RPA introduces the most substantive changes since its … More Las Vegas Real Estate Market Update – September 2016

Las Vegas Real Estate Market Update – August 2016

Property Management Permit Pre-Licensing Course! Once again it’s time to shamelessly plug Americana’s Pre-Licensing Property Management Permit course – again! This course is excellent – even for those who just want to learn more about Landlord Tenant laws in Nevada.  Do you want to learn how to prevent or spot embezzlement – before it becomes … More Las Vegas Real Estate Market Update – August 2016

Las Vegas Real Estate Market Update – July 2016

The Summer and the Market are Heating Up! Overall closings for 2016 remain 8.1% ahead of last year’s closings. The median closed sales price of a Single Family Residence (SFR) improved to $235,000 in June resulting in a 2.6% increase while the average closed sales price of an SFR nudged upward again to $276,482 representing a 1.4% increase over May and a … More Las Vegas Real Estate Market Update – July 2016

Las Vegas Real Estate Market Update – June 2016

What a Difference a Month Makes! Overall closings for 2016 are approximately 10% higher than last year. The median closed sales price of a Single Family Residence (SFR) improved to $229,000 in May resulting in a 3.5% increase while the average closed sales price of an SFR soared to $272,795 representing a 7.8% increase over April, which was … More Las Vegas Real Estate Market Update – June 2016

Las Vegas Real Estate Market Update – April 2016

Las Vegas Market Overview The short version!  Demand UP! Prices DOWN! Inventory DOWN! Closings UP! March Madness was not exclusive to NCAA basketball.  The median closed sales price of a Single Family Residence (SFR) dipped slightly from $220,700 to $220,000 while the average closed sales price of an SFR dropped 1.6% from $263,262 to $259,109. Click Here for … More Las Vegas Real Estate Market Update – April 2016

Las Vegas Real Estate Market Update – March 2016

Las Vegas Market Overview February brought a great deal of activity to the Las Vegas market.  The median closed sales price of a Single Family Residence (SFR) improved to $220,700 from $218,650 from while the average closed sales price of an SFR jumped 6% to $263,262. There was a slight uptick in bank owned REO sales even as … More Las Vegas Real Estate Market Update – March 2016