The Las Vegas Realtors most recent report indicates local home prices for the month of July are higher than the previous month, but lower than last year. According to the report, the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service during July was $450,000. That’s up 2 percent […]
Market Reports
MIDYEAR SALES FOR CADENCE ARE LOOKING GOOD
Las Vegas real estate has its ups and downs, and I’m glad to say home sales picked up in the second quarter, especially in June. The master plan of Summerlin remained at the top spot for the year, however, Cadence in Henderson is increasing its market share as well. Summerlin was ranked No. 5 in […]
LAS VEGAS ECONOMY DIVERSIFIED AFTER THE PANDEMIC
In the last year and a half, the state of the economy has been on everyone’s mind. There is encouraging news in Las Vegas if you are looking for a job. New jobs are being created in the Las Vegas Valley as more diversified industries are moving into the area. Job growth in Las Vegas […]
THE LUXURY HOME MARKET IN LAS VEGAS DEFIES NATIONAL TREND
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 […]
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 […]
