Posts made by author 'Wardley Real Estate'
Subscribe and receive email notifications of new blog posts.
RSS Feed
26
Aviation-focused home in Henderson with 30-foot ceilings on market for $18.5M
Aviation-focused home in Henderson with 30-foot ceilings on market for $18.5M
A custom-built house perched high above the lights of the Las Vegas Strip has gone on the market for $18.5 million.
Located in the Dragon's Reserve in MacDonald Highlands community of Henderson, the property has seven bedrooms over 10,067 square feet. It was built...
26
What Vegas locals can look forward to during Super Bowl LVIII week
What Vegas locals can look forward to during Super Bowl LVIII week
An NFL executive discusses plans for the upcoming Super Bowl, including fan activities and game promotions on the Strip
26
Monthly Las Vegas Valley Real Estate Market Update
December brought with it some excellent signs for the market, and more good news on interest rates than we've seen in the past year and a half. While the FED has not actually lowered their prime interest rate, they have signaled that they intend to lower interest rates 3 to 4 times in 2024 with the first one expected in March. Despite the fact that the prime rate has not actually been lowered, mortgage interest rates have already moved down around a full percentage point from November, brining an average savings of $400 per month to buyers on a median priced mortgage. This has already led to a rise in pending sales in December, despite the holidays, a great sign that activity is likely to continue to pick up earlier than normal this year.
3
Don't Believe Everything You Read About Home Prices
Don't Believe Everything You Read About Home Prices
According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way?
It has a lot to do with all the negative talk about home prices over the past year. Since late 2022, the media has created a lot of fear about a
13
Las Vegas Monthly Market Update
The Las Vegas Real Estate Market continues to move in a good direction, with average prices now being 4.1% above what they were this same time last year.
Nearly every monthly indicator was better in September than it was this same time last year, including Days on Market, List Price to Sales Price Ratio (nearly 1% higher than last year) the inventory is down (which is causing the prices to continue to rise) and 1 in 4 homes actually sold over list price last month.
With the slow down at the end of the 4th quarter of 2022 now squarely in the rear view mirror, the market appears primed to remain steady until interest rates decrease and will likely take off again as soon as that happens.
|
 |
