Las Vegas Real Estate Market Update – December 2016

December 3, 2016

Why Homeownership Needs a Trump Presidency! Lawrence Yun is Chief Economist and Senior Vice President of Research at the NATIONAL ASSOCIATION OF REALTORS® (NAR). He recently contributed an article and opinion in Forbes titled: “How Trump’s Presidency Could Impact Real Estate”.  The challenges and opportunities that the Trump administration will face are clearly articulated in this article. … More Las Vegas Real Estate Market Update – December 2016

Las Vegas Real Estate Market Update – November 2016

November 5, 2016

Please Remember to Vote Tuesday! It may have been a challenging few years and a slow recovery for all of us, but we are not faced with the Great Depression of 1929 and the fallout that led to President Roosevelt’s victory over Herbert Hoover.  Incumbent Hoover had fallen out of favor with the electorate and … More Las Vegas Real Estate Market Update – November 2016

Las Vegas Real Estate Market Update – October 2016

October 8, 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

September 4, 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

August 5, 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

July 7, 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

June 4, 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 – May 2016

May 7, 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 – May 2016

Las Vegas Real Estate Market Update – April 2016

April 7, 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

March 5, 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