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 […]
Category Archives: Las Vegas Real Estate Market Information
Las Vegas Real Estate Market Update July 2018
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 […]
Las Vegas Real Estate Market Update June 2018
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 […]
March 2018 Las Vegas Market Update
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 […]
Better Homes & Gardens Universal Awards Ceremony
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 […]
Number of Distressed Homes are at Lowest Level in Years
The number of distressed homes in the Las Vegas Valley has dropped to the lowest level in years according to newly released data. Distressed homes include both foreclosures and short sales. Foreclosures accounted for just 2% of the market last year. That is down from 4% in 2016 and down from a high of 43% […]
2017 Was One of the Best Years for Local Real Estate
Last year was the third best year for local home sales and the best year since 2011 according to the statistics from the Greater Las Vegas Association of Realtors. Over 46,000 properties were sold last year compared to 41,000 in 2016. Last years total was about 2,000 below the record year of 2011, when prices […]
Why I Hired A Buyer’s Agent
Guest post by Charlotte H I’ve been working in some aspect or the other of residential real estate for over 20 years and have spent over 15 of those years working directly with Realtors, so I have a pretty good idea of how home purchases and sales go. My husband and I recently purchased a […]
November 2017 Las Vegas Market Update
November Las Vegas area real estate showed signs of the seasonal cooling we see every holiday season. Although the market is following a predictable seasonal slow-down when compared to the rest of 2017, when we compare the market to previous years, we are seeing strong signs of sustainable growth. Number of homes sold November 2015; […]
Nevada In Top 10 Highest Appreciating States
In a recent blog entry on real estate data collector Core Logic’s website, author Molly Boesel discussed property valuation trends as of April 2017. Nevada came in #9 in her list of 25 states with the highest HPI (home price index.) Nationwide, home prices have increased a whopping 47% since hitting their lowest point in […]