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Stacy Sheeley

What happened in the real estate market in November 2022?

What happened? Local home prices are starting to look more like they did a year ago. But we’re certainly in a different place than we were last year, when prices were soaring and setting records. Of course, as we said at the time, those conditions were not sustainable. Las Vegas Realtors reported that the median price of existing single-family homes sold in Southern Nevada during November was $430,990. That’s down 2% from October, and down from the all-time record price of $482,000 in May. But, the median home price is still up 2.6% from $420,000 one year ago. So what

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Stacy Sheeley

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

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Stacy Sheeley

Why I Love Summerlin

And You Will Too! I often refer to Summerlin as a biosphere – you have everything you need and never need to leave.  I’ve called Summerlin my home since 2002 and I’ve seen it grow into one of the best places in the U.S. to live.  I enjoy everything Summerlin has to offer – the amenities, restaurants, events and shopping.  In my free time, I can be found playing tennis, at a Summerlin park with my rescue dog Barclay, taking in an outdoor concert, rooting for the Aviators or dining with friends in Downtown Summerlin. Some Reasons For You To

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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

Does Your Home Have Curb Appeal?

The curb appeal of your home is a critical factor in attracting prospective buyers.  Buyers usually form an opinion within the first few seconds of pulling up to the home or online from the photos. Here are some tips to help you get started: Take a step back and look at your home through the eyes of the Buyer. Take care of small tasks such as weeding, mowing, sweeping, cleaning cobwebs and windows. Tackle bigger projects such as power washing, painting, patching stucco and planting. Stage – plant flower beds, flower pots, change out coach lights, a new door mat,

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