Realty One Group - Shannon Smith Group


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August Newsletter

You don’t need to be in the real estate business to know that the Vegas housing market is on fire.

I’m happy to say that I’m on track to having my best year ever, and it isn’t on the back of people losing their homes to foreclosure or short sales.

The majority of my clients today are selling their current home to purchase larger homes, first time buyers, and/or relocation buyers and sellers.  Of course I’m still finding great deals for investors but the market has changed and they aren’t the majority of my clientele in 2017.

I got goose bumps today when I look at the numbers and saw how there are only 5 available REO condo or townhomes (THAT’S CRAZY).

So far this year 80% of my business came from referrals or repeat business.  Please share my monthly market updates and give me the privilege to work with your friends and relatives.  Thank you for your trust and let’s continue to rock in 2017!!!

As of today there are:
Single Family Homes 

5,065 Single family homes for sale

4,821 of those homes are “Regular Sellers”

153 are Short Sales

91 are Bank Owned

4,480 Homes that have contingent or pending offers

12,729 Sold in the past 120 days.

The median home sale price for last month was $260,000 or $139 per square foot. 

Condos & Townhomes

713 Condos & Town homes for sale

 690 of those properties are “Regular Sellers

 18 are Short Sales,

5 are Bank Owned  

948 Condos & Town homes have contingent or pending offers

2,823 Sold in the past 120 days.

The median Condo and Town home sale price last month was $138,000 or $119 per square foot.