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Las Vegas Market Report – August 2023

Las Vegas Real Estate Market Report – August 2023 Local home prices for single family homes remains remarkably stable, while prices for condos and townhouses reached an all-time high.  We can attribute that to the demand for lower-priced housing options exceeding our supply.  Mortgage rates are obviously a factor, but we’ve been saying all year, the biggest challenge we face in the local housing market is a very tight housing supply.  This presents a good opportunity for those thinking about putting their home on the market. Median Home Price $447,435   -0.6% from August 2022 Homes Sold 2,009   +0.3% from August

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Stacy Sheeley

The Benefits of Buying a Home in Today’s Market

The Las Vegas housing market is somewhat competitive. Homes in Las Vegas receive 2 offers on average and sell in around 33 days.  Our last statistic from the Las Vegas Association of Realtors is that the number of available homes are down 37% (August 2023) versus August of 2022.   Why is the Las Vegas housing market one of the hottest in the country? Las Vegas seemed to buck the trend from most of the rest of the country.  Prices remained virtually the same due to a shortage of available homes and a significant increase in population not only during the pandemic

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Stacy Sheeley

5 Front Door Colors to Give Your Home Serious Curb Appeal

Want to give the exterior of your home a facelift without spending big bucks?  Painting your front door is a cheap and easy fix that can make a huge difference.  However, choosing the color that works best for your house can be tough.  Certain tones convey sophistication, others create a welcoming and homey vibe, and some are bold design statements.  With the right color, you can communicate the kind of home you keep to visitors before they even turn the knob. Here are five front door paint colors that will make your home stand out.  Make sure to check with

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Stacy Sheeley

Las Vegas Market Report – September 2023

Median Home Price $450,000 -3.2% from July 2022 Homes Sold 2,041 -1.2% from July 2022 Homes Without Offers 3,524 -51.9% from July 2022 Homes Sold Within 30 Days 68.7% -14.9% from July 2022 A report released by Las Vegas REALTORS® (LVR) shows local home prices bouncing around, higher than the previous month, but lower than last year. These statistics reflect a persistently tight housing supply, along with recently rising mortgage interest rates. Even with mortgage interest rates being higher than they were a year or two ago and leading to fewer homes being sold, the local housing market seems pretty

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Stacy Sheeley

The Luxury Home Market – Half Yearly Report – 2003

The Las Vegas housing market remains a dynamic and exciting space, reflecting the city’s vibrant atmosphere.  Opportunities abound for Luxury Homeowner’s with desirable properties.  Because of the shortage of available homes, now is a golden opportunity for Sellers.  We are seeing Luxury homebuilders selling out and striving to build to meet new demand.  If you’re ready for a change – now is definitely the time to sell your Luxury home.   Q2 Luxury Home Sales – Most Expensive by Price Per Square Foot     Selling Your Luxury Home With Stacy For 20 years Stacy has been providing personalized real

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Stacy Sheeley

Las Vegas Market Report – June 2023

What really happened in the housing market in June 2023? After increasing gradually for a couple of months, it looks like local home prices have hit a plateau – at least for now.  The number of homes being sold and available for sale was also remarkably similar from May.  Home builders are doing what they can to bring more homes to the market, but we will need more homes available to sell.  Our inventory shortage is counteracting any negative response to the higher interest rates right now. Median Home Price $440,990  -8.1% from June 2022 Homes Sold 2,263  -14.1% from

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Stacy Sheeley

Why Dogs Love Summerlin

Every dog must have his day! Dogs are a quintessential part of our lives, and I cannot imagine mine without my fur baby Barkley.  So, what are you waiting for?  Why not make Summerlin your home?  You and your dog will LOVE it.   “If you don’t own a dog, at least one, there’s not necessarily anything wrong with you, but there may be something wrong with your life.”  -Roger Caras   The Trail System Summerlin is known for its expansive outdoor recreational amenities, including the 200-mile Summerlin Trail System and dozens of parks.  The trail system wanders through Summerlin

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Stacy Sheeley

Las Vegas Market Report – May 2023

In May, local home prices increased from the previous month, though they are still well below their all time peak set one year earlier. Prices have now increased for a couple of months in a row heading into what is usually our strongest selling season. It seems safe to say that we’re bouncing back from the bottom of this recent downturn. Buyers seem to have more confidence regarding where interest rates are sitting which is great news for anyone looking to sell their home.   Median Home Price $442,120 -8.3% from May 2022 Homes Sold 2,316 -20.3% from May 2022

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Stacy Sheeley

The Scoop With Stacy – June 2023

Friends, Family & Clients, I’m excited to bring you my personally curated monthly newsletter with a local business spotlight, community outreach, and events or things to do. With over 20 years of real estate experience in Las Vegas and my passion for the community, I wanted to bring everything together in one place.  I hope you’ll consider getting involved and shopping locally. Happy Summertime, Stacy Best Places to Watch Fireworks – Fourth of July Fireworks of great vantage points include The Strip, Downtown, Green Valley Ranch, Lake Las Vegas, Red Rock Resort in Summerlin, Floyd Lamb Park (North), and M

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Stacy Sheeley

What happened in the Las Vegas real estate market in March 2023?

Las Vegas Real Estate Market Report – March 2023 Defying its history as a housing market prone to peaks and valleys, areport released Thursday by Las Vegas REALTORS® (LVR) shows local home prices have been remarkably stable so far this year. Southern Nevada was one of the first places to experience this recent shift in the housing market. It seems logical that we may also be among the first to come out of this recent slowdown. Our median home price hasn’t changed since December. Local home prices had previously been declining by 1 or 2% per month. This may be a sign that we’re near the bottom of this cycle. Median Home

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