Greater Las Vegas Real Estate Market Update – February 2016

February 5, 2016

Las Vegas Market Overview It was a typical January with listings taken soaring even as closings dropped precipitously. The median closed sales price of a Single Family Residence (SFR) improved only slightly to $218,650 from $217,000 while the average closed sales price of an SFR dropped by 1.6% to $248,424. Click Here for the current Market Update … More Greater Las Vegas Real Estate Market Update – February 2016

Greater Las Vegas Real Estate Market Update – January 2016

January 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 Greater Las Vegas Real Estate Market Update – January 2016

Las Vegas Real Estate Market Update – December 2015

December 6, 2015

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 Real Estate Market Update – November 2015

November 6, 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 Update – October 2015

October 5, 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

Las Vegas Real Estate Market Update – September 2015

September 6, 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

Las Vegas Real Estate Market Update – August 2015

August 8, 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 Real Estate Market Update – July 2015

July 4, 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 Market Update – June 2015

June 5, 2015

The 2015 Nevada Legislative Session is Sine Die! Yes it’s finally over!  As Mark Twain said: “No man’s life, liberty, or property are safe while the legislature is in session.” However, progress was made in the areas of construction defect litigation, squatters, HOA foreclosures, miniature horses in the workplace, and more new license plate choices. … More Las Vegas Real Estate Market Update – June 2015