According to a new report from Nevada Bank, sales of luxury homes in Clark and Washoe counties held steady in 2022. Clark County last year had 2,130 homes that sold for more than $1 million, nearly the same number that sold in 2021. This data was compiled from Clark and Washoe county government records, according […]
Market Reports
HOMEBUILDERS HAVE SEEN REBOUND IN SALES IN MARCH AND APRIL
Las Vegas homebuilders are more optimistic about the new-home market after two consecutive months of sales. This represents a positive sign since there were 329 net sales in February 2022, more than a year ago. The net sales during March and April are similar to those in Las Vegas in 2021. The market was fueled […]
NEWLY BUILT HOMES ARE SEEING AN INCREASE IN CASH BUYERS
In recent months, we have seen an increase in the number of people paying cash for their newly constructed homes. This is more pronounced at the upper end of the market. As of July 2022, only 14 percent of new-home buyers used cash to purchase their homes, according to Las Vegas-based Home Builders Research. Despite […]
THE HOUSING MARKET IN LAS VEGAS STAYS STEADY
The history of the housing market in Las Vegas is prone to peaks and valleys, however, LVR (Las Vegas Realtors) shows local home prices have been remarkably stable so far this year. The good news is that the LVR reported the median price of existing single-family homes sold in Southern Nevada through its MLS during […]
2023 THE YEAR OF RESTORING BALANCE IN THE HOUSING MARKET IN LAS VEGAS
The housing market in Southern Nevada has always been a huge part of the economy. After all, owning a home is the American dream, and for most of us, it’s the biggest single investment we make. It is quite understandable many people get concerned when market conditions change, especially when this swing seems sudden. This […]
AGE-QUALIFIED NEIGHBORHOODS OFFERED IN SUMMERLIN
Summerlin, the award-winning master-planned community on the western edge of Las Vegas, offers three actively selling 55-plus neighborhoods. There are over 20 floor plans developed exclusively for active adults and empty nesters looking for a home that fits their needs. These communities offer easy-maintenance homes, lots of social events and activities, and opportunities to build […]
