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 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 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
Congratulations to Lee Barrett Congratulations to Lee Barrett on being appointed our newest Nevada Real Estate Commissioner on November 1st. I’m thrilled for Lee and already looking forward to the upcoming December hearings! Oh – click on Lee’s pic for a short tribute to his career in real estate as depicted on his license plate! See … More Las Vegas Real Estate Market Update – December 2015
Las Vegas Market Overview Market values continue to drift sideways even as the number of closed units increases slightly. Inventory availability remains just below 11,000 residential units, but the average months of supply for available SFR properties rose to 3.4 months as the number of closed units dropped 10.4% in October. Meanwhile the Northwest has … More Las Vegas Real Estate Market Update – November 2015
Las Vegas Market Overview Market values continue to drift sideways even as the number of closed units increases slightly. Inventory availability has dipped with the SFR inventory hanging right at 3.0 months of available inventory. However, inventory levels are close to 11,000 residential units, which is where the inventory levels were last year at this time. Over … More Las Vegas Market Update – October 2015
Last Property Management Permit Course for 2015! Las Vegas Market Overview Market values improved slightly as buyer confidence and demand continue to be strong in the Greater Las Vegas market. Inventory availability is also up with the SFR inventory hanging around 2.8 months of available inventory. Over pricing continues to decrease somewhat as both sellers and listing agents begin … More Las Vegas Real Estate Market Update – September 2015
Shout-out to GLVAR Leadership! Congratulations on the recent approval of a much needed new set of Bylaws!!! The issue driving the need for new bylaws emerged during Dave Tina’s presidency, was worked on in earnest during Heidi Kasama’s term, with resolution and closure coming during Keith Lynam’s tenure! So at least three years of GLVAR leadership … More Las Vegas Real Estate Market Update – August 2015
Las Vegas Luxury Market Momentum Las Vegas Market Overview Market values rose sharply as buyers were out in droves despite the summer heat wave. Henderson and the Southwest have about 3 months of inventory while the remainder of the Greater Las Vegas area is down to about 2 months of inventory. Over pricing of the majority of … More Las Vegas Real Estate Market Update – July 2015
Las Vegas Real Estate is Beginning to Rock! The Greater Las Vegas real estate market continues to move with the intensity of the Stanley Cup Playoffs! Closed units soared again this month to set the stage for an interesting spring and summer while putting some pressure on all of us to take more listings even … More Las Vegas Market Update – May 2015
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