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Stacy Sheeley

What Happened in the Real Estate Market in August?

Over the last three months, we have seen the sales prices slowly giving back some of the major gains we experienced over the past few years.  Even though home prices have leveled off lately, they’re still up substantially from last year.  When you combine that with rising mortgage rates and inflation, its no surprise to see some potential buyers sitting on the sidelines for now.  The positive news is that buyers have more homes to choose from now.  It has been about three years since we have had this amount of available inventory for sale. Median Home Price $450,000   +11.1%

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Stacy Sheeley

Kitchen Trends 2022

Stark white everything is out.  The hottest trends and top design features that Buyers are looking for most.  The color white is no longer a staple and quartz is the most desired countertop. Cabinets go dark Moody hues like matte black, navy, forest and olive green dominate in shaker style or unadorned flat style.  They give space for the homeowner to express their unique taste.  Warm, earthy tones of the 70s are back in style.  Behr Color Trends 2022 Invite nature in with natural woods Wood tones are coming back, however, the natural wood and not your Grandma’s honey oak

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Stacy Sheeley

The Scoop With Stacy

August 2022 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 Local Business Spotlight Harlo Steakhouse & Bar has mastered the formula of Strip-worthy flash and sizzle in a comfortable neighborhood setting of Downtown Summerlin.  The dining room has

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Stacy Sheeley

What Happened in the July Real Estate Market?

A report released by Las Vegas REALTORS® (LVR) shows local home prices dipping for the second straight month, with fewer homes selling and more available for sale. Existing local home prices are still nearly four times higher than during their post-recession bottom in January of 2012, when the median single-family home price in Southern Nevada was $118,000. But since mortgage interest rates started rising in recent months, prices have been stabilizing, fewer homes have been selling, more homes are hitting the market and more sellers are lowering their asking prices or offering concessions Median Home Price $465,000 +14.8% from July 2021

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Stacy Sheeley

Featured Listing

7580 Prancing Pony Ct. Las Vegas, NV 89131 A semi-custom estate on almost ½ acre (.43) with breath taking mountain views, an inviting pool and a feeling of being in the peaceful country. Imagine a sprawling one-story featuring a living room with wet bar and a formal dining room that open to a study/office. Also, a spacious family room, kitchen with island, countertop bar and breakfast room. The backyard has a huge, covered patio with multiple entertaining areas, pool, a play area, bbq, paved RV parking & plenty of room for anything else your heart desires. The primary bedroom suite

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Stacy Sheeley

5 New Ways to Make Your Listing Stand Out

For many people, homes are no longer just a place to live — they’ve become our offices, our new favorite restaurants, our gyms and more. So, when you’re listing a home, it’s important to demonstrate how the space can be used in new ways. Here are five ideas to help buyers realize the full potential of your property: 1. Take it outside Whether it’s a porch, yard or patio, buyers are looking for a place to get away from the indoors. A big selling feature of some of the new home construction is the indoor/outdoor living that seamlessly goes from

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Stacy Sheeley

Is Listing Your Home During Holiday Season a Good Idea?

If you’re on the fence about listing your home for sale during this holiday season, don’t be. It’s a strong seller’s market. Key Points *Sellers often wait to list until spring. But this year isn’t like others. *Homeowners who want or need to sell during the 2021 holiday season probably won’t have too much competition. *Historically low interest rates have fueled the increase in buyer demand for homes. But rates are expected to rise in 2022. The holiday season is typically not peak listing time for real estate. But the current situation, namely a super-low supply of homes coupled with

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Stacy Sheeley

Las Vegas Housing Prices Remain Stable but Inventory Low

Las Vegas housing prices held steady in January at a median of $345,000, which broke the record in November and remained unchanged in December.  But, according to The Las Vegas Realtor Association, inventory remains extremely low around the valley. I believe this is in part due to Appraisers being conservative in their valuations.  A healthy market is six months of inventory (days on market before an offer is accepted) as of today, we are around 3 weeks.  The current lack of inventory makes it difficult for both realtors and home buyers. Every time you go try to show a listing

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Stacy Sheeley

What Makes Your Property Value Increase? Key Factors To Watch.

Appreciation: The celebrated phenomenon of your home’s value increasing over time. The more your home appreciates from the purchase price, the more profit you’ll bag at resale.  Appreciation won’t passively manifest. You’ll need to maintain your home’s condition and keep tabs on your neighborhood’s development to secure a value rise. Real estate market factors Supply and demand Property values rise when a low supply of homes for sale meets strong buyer demand, as buyers compete in bidding wars to secure a home from the limited inventory. “We definitely have seen an increase in home values recently and the biggest factor driving that

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Stacy Sheeley

5 Home Features Attracting Buyers Right Now

Selling this year?  These are the improvements to make. Spending so much more time at home, this year has everyone taking a closer look at their homes and the improvements that they wish they had.  Many homeowners are making drastic improvements to make more space altogether and others are deciding they simply need a new home altogether.  I thought I’d share a few features showing up on wants and needs lists in the age of COVID-19. Quiet Space Many homeowners have now worked from home in some capacity, which makes a quiet place to work remotely a much higher priority

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