The results are in! In July 3139 single family homes, condo, and townhomes closed. 1084 were cash transactions. 1081 were Conventional, 675 were FHA, and 234 were VA. Average Days on market was 28 for homes and 37 for townhomes. Month's Supply is 2.8 for homes and 3.2 for condos and townhomes. These stats are from the GLVAR MLS and do not include new homes sales or inventory. We are keeping very busy here in Las Vegas and Henderson.
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What does the future hold for Las Vegas real estate? We have no crystal ball, but all sales data points to rising prices and and a rosier future. CLICK TO READ THE SEPTEMBER 2012 Las Vegas Real Estate Report While prices are increasing, verifying that a market bottom is in, sales volume is down. We attribute this to the very low inventory levels, fewer foreclosures, and buyer frustration due to the multiple offer scenarios that are commonplace. As (0 comments)
las vegas real estate trends: Happy Friday! Awesome Las Vegas Strip Condo Deals!
- 09/01/12 01:45 PM
Las Vegas Strip Condos are hot properties and inventory is lower than ever in the resale arena. Our team is not known for PUFFERY, and although a recent article published by another Las Vegas Real Estate Agent that has been distributed all over the web states that 48,000 properties were sold in Clark County last month - we can tell you the number is really closer to 1/10th of that. However, the fact of the matter is that our market is quite brisk, and it looks as if it is a good time to buy, with little downside price risk at this point (3 comments)
las vegas real estate trends: Las Vegas Real Estate Trends - CNN Does a Realistic Reporting Job!
- 08/31/08 04:49 PM
Finally - a comprehensive article on Las Vegas real estatethat pretty much sums up the state of the market. Busy? We are swamped! The buyers are out there - but buying the deals and the bargains and it may take writing 10 contracts to get a buyer 1 deal. Paperwork - yuk - even with electronic tranmissions - keeping track of the volume of potential deals is overwhelming! Lately our team has been writing so many offers - and seeing what sticks....The feeding frenzy is rumbling again - but the sellers are the losers in this marketplace...The faster they sell - (0 comments)
Las Vegas Real Estate Trends Poised for a Move Away from Suburbia to the High Rises of the Strip within the Next Decade? At $4 plus per gallon gas - will there be a heightened interest & new trend towards Las Vegas high rise condo living in the future? We think so. CityCenter by MGM/Mirage is scheduled to open at the end of 2009 as is the Cosmopolitan Resort, and Wynn's Encore, may open even sooner. Aside from the thousands of new jobs created by the opening of the new hotels in the Strip Corridor, CityCenter is set to have over 500,000 (0 comments)
Las Vegas High Rise Condo Real Estate Blog including Summerlin & Anthem, Green Valley Homes & Condos & Foreclosures. View up-to-date Las Vegas & Henderson NV real estate news & info by The Award-Winning Stark Team. Featuring luxury strip area high rises & Henderson NV luxury homes: Panorama, Sky, Trump, MGM Condos, CityCenter, Allure, The Martin,Palms Place & Turnberry Towers, Lake Las Vegas, Summerlin, Inspirada, Anthem Country Club & More Las Vegas neighborhoods.