Posts with tag 'Home Buying Advice'
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Las Vegas Market Stats
The Las Vegas Valley Real Estate Market received showed several positive signs in September, with New Listings up 12% from the year before and Pending Sales (accepted contracts that have not yet closed) up over 20% from the same time last year.
The Average Sales Price for Single Family Homes also went back up as well to back over $600,000 after a one month dip that saw more lower priced homes selling. While the median and average sales prices have fluctuated the past few months, this is due to more lower priced homes selling as prices have continued to slowly rise for the whole year.
23
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...
23
Strategic Tips for Buying Your First Home
Strategic Tips for Buying Your First Home
Buying your first home is a big, exciting step and a major milestone that has the power to improve your life. As a first-time homebuyer, it's a dream you can make come true, but there are some hurdles you'll need to overcome in today's housing market – specifically the limited supply of
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