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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

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

The local Las Vegas housing market is much more balanced now than it has been in recent years.  Instead of sellers having full advantage, buyers are now in a better position, since prices have stabilized and we have more homes on the market. We’ve seen two straight months of stable home prices.  It was encouraging to see sales increase from January to February, while new listings continue to decline. Even with mortgage interest rates reaching 7% recently, this shows a strong underlying interest in owning a home here in Las Vegas. Median Home Price $424,995 -5.6% from February 2022 Homes Sold

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Stacy Sheeley

The Scoop with Stacy – January 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. As always, I am here for you, Stacy Lee Canyon in the Winter – Discover winter adventures at Lee Canyon with skiing, snowboarding, snowshoeing, snow play and winter camping.  There is a recently remodeled lodge at the base

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Stacy Sheeley

Active Adult Living (55+) in Summerlin Nevada

Summerlin, the most desireable place to live in all of Nevada.   The master-planned community makes up the most western suburb of Las Vegas and at its completion will encompass 6 miles in length and 5 miles in width covering 22,500 acres.   It currently makes up 18 villages plus 4 “Active Adult” communities and Red Rock Country Club totaling more than 200,000 homes. The most recent development is “Downtown Summerlin” which includes an outdoor shopping area, restaurants and movie theatre along with Red Rock Hotel, Spa and Casino.  Summerlin also boasts 150 parks, 2 dozen private and public schools, 14 houses

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