Posts in category 'Home Improvement'
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The Las Vegas Valley Real Estate Market is heating up
he Las Vegas Valley Real Estate Market is heating up, well ahead of projections (which were already positive for 2024). Pending sales rose over 44% from Dember to January and are up a staggering 14.6% year over year, all of this before the Fed has even met in March where many experts expect them to lower interest rates.
The median price (across all property types: Single Family/Townhome/Condo) in Las Vegas/Henderson is also up 5.7% year over year with an average sales price up 9%, all despite a slower than normal 2023 for total transactions. The continued rise in prices is largely due to low inventory as well as the still high number of both individuals and businesses moving to the Las Vegas Valley from other higher priced surrounding states. With interest rates likely headed down and no sign of any large jumps in inventory, these general trends are expected to continu...
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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
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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
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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.
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