Some Good – Some Bad – Some Changes! Single family residential (SFR) closings for July were down by nearly 13% from June but up 7% from July 2010. This is the result of more closings for traditional listing and an increase in the average sales price of short sales. Despite renewed momentum for REO closings, … More Las Vegas Market Update – August 2011
Summer Activity is Heating Up! Single family residential (SFR) closings for June were nearly 17% better than May and up 8% from June 2010. The median sales price of an SFR improved to $124,500. SFR closings for the 2nd QTR 2011 were 16% better than the 1st QTR 2011. Overall inventory held steady, but available … More Las Vegas Market Update – July 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
Does it seem like we encounter more “third parties” than first and second parties in today’s transactions? Are they all looking for a piece of your commission? Do banks and many of these “third party” companies hide behind Federal laws or exemptions to Nevada Revised Statutes and laws in order to thrive off our very … More Safely Navigating the Las Vegas Real Estate Market
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
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
February Makes Gains Over January and Last Year! Single family residential (SFR) closings for February were up 3.3% from January and 8.8% better than February 2010. The median sales price of an SFR also improved by just over 2% to $128,000. Overall inventory continues to slowly shrink even as demand remains steady. This is also … More Las Vegas Market Update – March 2011
January takes a little dip! Single family residential (SFR) closings for January were down 3.8% from December 2010 but at 2509 closings it is still the second best January on record. The median sales price of an SFR dropped to $125,350 for a decline of 5% from December. REO sales at the lower price points … More Las Vegas Market Update – February 2011
How Did the Las Vegas Market Fare in 2010? 2010 ended up being a stellar year for closings with only 2009 and 2004 being slightly better. Demand remains strong despite the expiration of the first time home buyers tax credit. The following chart can also be downloaded for your use. Click here to download as … More Las Vegas Market Update – January 2011
A Visual Look at How the Las Vegas Market has Changed! It’s so interesting to listen and read all of the national pundits that take nationwide data to proclaim how grim the Las Vegas market is and how much more it will decline in 2011. Let’s start by dispelling the myth about how the nature of … More Las Vegas Market Update – December 2010
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