November 2023 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: 4,011 Condo/ Town homes: 1,206 High Rise Units: 343 Multi-Family, 2-4 Units:  65 Manufactured Homes: 76 TOTAL PROPERTIES IN ESCROW Single family: 1,781 Condo/ Town homes: 551 High Rise Units:  65 Multi-Family: 2-4 Units:  25 Manufactured Homes: 23 PROPERTIES SOLD IN OCTOBER Single family: 1,609 Condo/ Town homes: 463 High Rise Units:  57 Multi-Family, 2-4 Units:  11 Manufactured Homes: 24 MEDIAN SALES PRICE FOR OCTOBER Single family: $450,000 Condo/ Town homes: $280,000 High Rise Units: $410,000 Multi-Family, 2-4 Units:  $545,000 Manufactured Homes: $225,000 MEDIAN SOLD DOLLAR PER SQFT FOR OCTOBER Single family: $247 per sqft Condo/  Town homes: $237 per sqft High Rise Units:  $480 per sqft Multi-Family, 2-4 Units:  $199 per sqft Manufactured Homes: $169 per sqft SEARCH FOR Short Sales Foreclosures Homes by Zip Code Homes by School Zone Homes by Community Single Story Homes High Rise Tower Name Condo/ Townhomes Luxury Homes $1M+ Multi Family Homes