The Las Vegas area real estate market showed signs of warming after the holiday doldrums. The number of homes that sold increased from 4,448 in January to 4,667 in February, while the average sale price increased from $281,599 to $284,502 during the same time frame. Las Vegas still offers a great real estate market, but […]
Las Vegas area residential real estate ended on a slow note in January in a continuation of the holiday slowdown (which is pretty par for the proverbial course.) The average sale price was $281,604 which is down about $1700 from December but a healthy jump from the $255,532 of January 2018. Similarly, the number of […]
The 2018 Las Vegas real estate market ended on a positive note for sellers. The average sale price of $284,379 held pretty stable through the traditionally quiet holiday season. Compared to previous years, 2018 has demonstrated that our real estate market has reached stability, but definitely favors sellers. The number of sales per year has […]
The Las Vegas area real estate saw a bit of an uptick in the number of homes sold this August. The number of homes sold rose slightly from 6,505 in July to 6,645 in August. However, the average price increased rather dramatically from $279,048 to $291,012, which is a new high point in our recovered […]
The Las Vegas area real estate market experienced a bit of cooling in July. We expect the market to start slowing a bit as we approach late summer, so this year is no different. The number of homes sold dropped slightly from 6,626 in June to 6,505 in July, while the average price slid slightly […]
Some interesting statistics provided by Charity Bond of On Q Financial. Although last week’s jobs numbers were lower than expected, employment remains strong. Unemployment claims this week unexpectedly fell to 213,000. The strong labor market and robust economy are pushing up inflation, which could pressure rates higher. Import duties are also boosting price pressures. Inflation […]
June’s Las Vegas area real estate ended on a high note. The average price reached a high of $282,912. The number of homes that sold edged upward slightly from May. The number of new listings has crept upwards as well, to about the same level we saw June 2017. Inventory is still tight though, making […]
The second quarter ended predictably for Las Vegas area real estate. We saw an increase from January and the holiday doldrum that continued through April. The beginning of summer 2018 saw the very predictable downtick but sales have increased as the season moves forward, just as we would expect. Although April 2018 had more sales […]
Las Vegas area real estate ended March on a high note. The total number of homes sold shot up an incredible 1504 units, from 4972 in February to 6476 last month. The average sale price edged up modestly, from $288,218 to $288,431. March saw a rather dramatic decrease in the number of active listings; 9992 […]
Our office at Better Homes & Gardens, Universal Real Estate held their annual awards ceremony this past Wednesday. Lisa and I each won individual awards. She was the recipient of the Best Marketing Award for all of her awesome creative marketing ideas. I was lucky enough to be the winner of the Community Service Award […]
