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Stacy Sheeley

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

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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

The Urban Core of West Summerlin

There are exciting things brewing in West Summerlin!  Summerlin West Urban Core Takes Shape! Howard Hughes Corporation has stated that the Summerlin West Urban Core will be the “Yin to the Yang of Downtown Summerlin.”  What does that mean? I think it means that Urban Core will be a different type of venue for Summerlin West residents and visitors.  From what we hear, its going to have an upscale shopping and dining district complete with a grocer (hmmm… Whole Foods?).  Also, to include “The Hub” – an outdoor gathering space with an area for events; much like The Green at

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Stacy Sheeley

Las Vegas Market Report – May 2023

In May, local home prices increased from the previous month, though they are still well below their all time peak set one year earlier. Prices have now increased for a couple of months in a row heading into what is usually our strongest selling season. It seems safe to say that we’re bouncing back from the bottom of this recent downturn. Buyers seem to have more confidence regarding where interest rates are sitting which is great news for anyone looking to sell their home.   Median Home Price $442,120 -8.3% from May 2022 Homes Sold 2,316 -20.3% from May 2022

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Stacy Sheeley

The Scoop With Stacy – June 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. Happy Summertime, Stacy Best Places to Watch Fireworks – Fourth of July Fireworks of great vantage points include The Strip, Downtown, Green Valley Ranch, Lake Las Vegas, Red Rock Resort in Summerlin, Floyd Lamb Park (North), and M

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Stacy Sheeley

The Summerlin Lifestyle

Discover the Benefits of Living in Summerlin As a real estate agent and resident of Summerlin since 2002, I have seen the tremendous growth. This vibrant community is the most sought-after neighborhood in the Las Vegas Valley.  Here are some of the benefits of living in Summerlin. Prime Location Summerlin, a master-planned community located in the western part of Las Vegas.  It is conveniently located near the 215 Beltway, making it easy to access other parts of the valley.  Plus, it’s just a short drive from the famous Las Vegas Strip. Vibrant Lifestyle Summerlin offers a unique lifestyle that combines

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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

Redesign Ideas With The Best ROI

If you’re contemplating investing in a redesign or remodel project to prepare to list your home in 2023, these home improvements provide the best return on investment, according to Stacy Sheeley.  Today’s homebuyer wants a “move-in ready” home so making updates generally pays back in a quicker sale for more money in your pocket. Each of these elements went into the redesign in this home to prepare it for sale.  While its unlikely that you will get a 100% return, on average, approximately 65% is standard.  Today’s homebuyer wants a “move-in ready” home.  They are searching for a home that

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Stacy Sheeley

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

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Stacy Sheeley

6 Kitchen Cabinet Colors That Will Never Go Out of Style

One of the most time-consuming and costly areas of the home to renovate is the kitchen, which is why it’s important to be thoughtful in your design choices when you decide to make a change. While you may tend to focus on backsplash and countertop materials, the real choice is what color to paint your kitchen cabinets. As a major focal point of the kitchen, your cabinets can make or break the space. Choosing a hue that will never go out of style, rather than opting for what’s on trend, will prevent you from wanting to change your kitchen cabinet paint color

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