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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 August

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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

Neighborhood Guide to Las Vegas

Las Vegas expands far beyond the glimmering Strip.  This bustling city is a mosaic of diverse neighborhoods, each with its own unique charm and character.  We put together an interesting array of unique communities and hidden gems.  Here are some of our favorites from country clubs to the trendy historical district and beyond.  Las Vegas definitely does have it all!   The Historical District Scotch Eighties One of the hidden treasures of Las Vegas is the tight-knit communities just to the west of the Las Vegas Strip.  The Scotch Eighties community takes its name from the fact that many of

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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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