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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

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

Affordable Loan Programs & Down Payment Assistance

Its no surprise that mortgage lenders are getting creative with financing in order to help bring some affordable loan programs to the table.  Various lenders and government backed loan programs are offering help with down payments and closing cost.  We are here to help you navigate getting the right loan for you.  Here are some the new programs and current rates to help you attain your homeownership dreams! NADA: NADA is a FHA loan program with 100% down.  Usually FHA financing requires 3.5% down payment but this program has a little bit higher interest rate but does give you the

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Stacy Sheeley

2023 Goal: Buying a home?

Set your goals: Whether you’re starting to look or just toying with the idea of buying next year, you’ll need to prepare before getting serious. Tackle these 10 steps now so you’re ready when the time comes. For the first time in years, home buyers are shopping with more time and bargaining power, and even price cuts in some areas — meaning you may be facing less competition on that home you’ve been eyeing. If that’s inspiring you to make your home buying goal a reality, it’s time to get prepared.  Having your finances in order and a robust home buying team

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Stacy Sheeley

Do I need a Realtor for New Home Construction?

The Builder Will Make it Seem Like You Don’t If you’ve been captivated by the recent new construction in the area, you’ve probably wondered what that purchasing process is like. Do you even need a Realtor? The builders sure do make it look like you don’t.  Building a home is more similar to buying a resale than you may think. Take a look at these 5 aspects of the building process and see the advantage in having someone work for you- for free! 1. Representation The simple explanation is that the builder’s Sales Reps work for the builder. Some are

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Stacy Sheeley

All About Summerlin in Las Vegas Nevada

Welcome to Summerlin! The master-planned community set on the western rim of Las Vegas, Nevada with the Red Rock Canyon National Conservatory as its backyard.  Live, work, play here, as Summerlin has it all.  From shopping, education, worship, activities, country clubs, hotels, casinos, office buildings and homes of every shape and style imaginable. Summerlin makes up the most western suburb of Las Vegas and at its completion will encompass 6 miles in length by 5 miles in width covering 22,500 acres. It currently makes up 18 villages plus four “Active Adult” communities and Red Rock Country Club totaling more than

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