las vegas real estate market Archives

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

September 3, 2023

Featured Listing in Summerlin North

9428 Sierra Summit Ave., Las Vegas, NV 89135 3 Bedrooms & 2.5 Bathrooms | 2-Car Garage | 1930 sq ft | 3920 sq ft lot Offered at $475,000 A charming Summerlin North home nestled into the Hills Village. Just steps from the Trails Park and close by to several schools. You won’t be disappointed with this 3-bedroom + 2.5 bath home with a flexible floor plan. Recently updated to include wood-look tile flooring, fresh white paint, new carpeting, ebony shaker style cabinetry, granite and stainless-steel appliances. Many options abound including a formal living and dining room; family room and eat-in

May 21, 2023

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

March 25, 2023

2022 Year in Review – Las Vegas Housing Market Update

Year-End Summary We ended 2022 at the same median sales price of $425,000 that we ended with in December of 2021. Besides entering what is usually the slowest time of year for the housing market, rising mortgage interest rates have caused a contraction of sales. At the same time, we know that the housing market is cyclical and that the bottom is not falling out. This would be indicative of the median sale price being close to what it was at pre-pandemic levels. With prices leveling off and more homes available for sale, we’re seeing a more balanced market that makes

January 25, 2023

What happened in real estate in October 2022

It’s a great time to be a homebuyer in Las Vegas! With 140% more homes to choose from than the same time last year, the market has become much more balanced. Sales prices are still up over 7% from October of last year. For homeowners who have been on the fence about making a move, now is still a good time to sell and take advantage of increased equity. So what happened in the Las Vegas Real Estate Market in October? Median Home Price $440,000 +7.3% from October 2021 Homes Sold 1,724 -44% from October 2021 Homes Without Offers 7,906

November 20, 2022

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%

October 15, 2022

Stark White Everything Is Out: New Kitchen Trends

The hottest trends and top design features that Buyers are looking for most. Cabinets go dark The color white is no longer a staple. Moody hues like matte black, navy, forest and olive green dominate. 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 cabinets. Designers are sticking with softer hues and white oak in particular. White oak pairs well with other organic

August 30, 2022

Eight Ways To Get A Luxury Home Look For Less

Decorating a home on a budget? Eight ways to get luxury looks for less. Make Architectural Interest By Adding Panels Wall paneling ideas can make drab architecture look much more intriguing. I just personally added paneling to my kitchen penninsula to make it look like cabinetry. I also have a rather large primary bedroom that is a deep shade of blue. I added wainscotting and brought it up 4′ to really add interest and a pop of white in a sea of blue. Im happy to share my carpenters contact info. Obviously we all review our budgets and prioritize where

August 24, 2022

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Featured Listing in Summerlin North

Eight Ways To Get A Luxury Home Look For Less

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