June Newsletter

Hi,

The Las Vegas real estate market is alive, I promise sometimes I feel like it’s living and breathing!

We all know the results of low inventory and high demand, and yes, prices have risen on average. We’ve gone from falling prices a year ago, to flat prices a few months ago, and now they’re going back up.

Las Vegas is different from the rest of the country. The motivation to own a home in Las Vegas is different. We have a low cost of living, we’re growing and there’s never a shortage of things to do.

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Las Vegas Market Snap Shot

TOTAL PROPERTIES AVAILABLE

Single family: 3,503
Condo/ Town homes: 949
High Rise Units: 292
Multi-Family, 2-4 Units: 31
Manufactured Homes: 61

TOTAL PROPERTIES IN ESCROW

Single family: 2,650
Condo/ Town homes: 774
High Rise Units: 99
Multi-Family: 2-4 Units: 26
Manufactured Homes: 31

PPROPERTIES SOLD IN APRIL

Single family: 1,836
Condo/ Town homes: 676
High Rise Units: 94
Multi-Family, 2-4 Units: 16Manufactured Homes: 28

MEDIAN SALES PRICE FOR APRIL

Single family: $445,000
Condo/ Town homes: $275,000
High Rise Units: $352,500
Multi-Family, 2-4 Units: $450,000
Manufactured Homes: $210,000

MEDIAN SOLD DOLLAR PER SQFT FOR APRIL

Single family: $237 per sqft
Condo/ Town homes: $231 per sqft
High Rise Units: $462 per sqft
Multi-Family, 2-4 $176 per sqft
Manufactured Homes: $145 sqft

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