Hi!
I’ve been keeping a close eye on the market, and February brought some big movement—pending home sales jumped over 30% compared to January. That’s not just a small shift; it’s a clear sign that buyers are feeling more confident about the economy and where things are headed.
Or maybe it’s just seasonal. Or even a reaction to the new administration. Either way, things are heating up.
And I’m not sure if you heard the news, but—Vegas just hit another record. We kicked off the year with the highest average home price ever recorded in January. That’s a strong start, and it’ll be interesting to see how the market unfolds in the coming months.
If you’ve been on the fence about buying or selling, now might be the time to start the conversation.
Las Vegas Market Snap Shot
Total Properties Available
- Single-family: 5,057
- Condo/Townhomes: 1,850
- High Rise Units: 458
- Multi-Family, 2-4 Units: 86
- Manufactured Homes: 104
Total Properties in Escrow
- Single-family: 2,227
- Condo/Townhomes: 626
- High Rise Units: 72
- Multi-Family, 2-4 Units: 18
- Manufactured Homes: 36
Properties Sold in January
- Single-family: 1,518
- Condo/Townhomes: 404
- High Rise Units: 52
- Multi-Family, 2-4 Units: 18
- Manufactured Homes: 16
Median Sales Price for January
- Single-family: $490,000
- Condo/Townhomes: $295,000
- High Rise Units: $412,500
- Multi-Family, 2-4 Units: $592,500
- Manufactured Homes: $226,486
Median Sold Dollar Per Sqft for January
- Single-family: $262 per sqft
- Condo/Townhomes: $240 per sqft
- High Rise Units: $446 per sqft
- Multi-Family, 2-4 Units: $193 per sqft
- Manufactured Homes: $174 per sqft
