Category: Las Vegas

A recent Las Vegas Realtors report shows local home prices continuing to heat up with more homes available for sale. LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service during May was $473,000. That’s up 7 percent from $442,120 in May 2023. But local home prices are still below the all-time record of $482,000 set in May 2022. The median price of local condos and town homes sold in May was $295,000, up 7.3 percent from $275,000 in May 2023. That’s…

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The Las Vegas area is in a seller’s market as demand for houses continues to outstrip supply, however the latest peak appears to be over, according to new data from Zillow. The metro is the 35th strongest seller’s market in the county, with a score of 62.9 out of 100, according to Zillow’s Market Heat Index, which looks at the balance between housing supply and demand. Buffalo, New York leads the nation (118.1), followed by San Jose, California (111.6) and San Francisco (11.2). The biggest buyer’s market right now is…

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With mortgage rates at a 20-year high and many homeowners locked into low rates they nabbed during the pandemic, fewer existing houses are selling in Southern Nevada and homebuilders are offering more incentives to get buyers into new homes. Some major homebuilders are offering 2-to-1 mortgage packages to entice buyers as mortgage rates hover around 7 percent, multiple valley real estate agents told the Las Vegas Review-Journal. This is when the financing arm of a homebuilder buys down the mortgage rate for two years, sometimes by up to 2 percent,…

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The Las Vegas luxury home market is on fire as the summer heat arrives. Luxury resales of $1 million and higher are up 37 percent through the first five months of 2024 while luxury production home sales were solid during the first quarter, the most recent numbers available. Through the end of May Las Vegas had 751 luxury resales for the year — up from the 549 through the end of May 2023 and the second best start to the year in history. There were 837 during the first five…

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The Las Vegas luxury home market is on fire as the summer heat arrives. Luxury resales of $1 million and higher are up 37 percent through the first five months of 2024 while luxury production home sales were solid during the first quarter, the most recent numbers available. Through the end of May Las Vegas had 751 luxury resales for the year — up from the 549 through the end of May 2023 and the second best start to the year in history. There were 837 during the first five…

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LAS VEGAS (KTNV) — The median price of a home in Las Vegas keeps inching toward and all-time, according to a report released Wednesday. Las Vegas Realtors, a real estate agent trade group in Southern Nevada, reports that the median price for an existing home in the area was $473,000 in May, a 7% increase from the same month in 2023. Home prices are now closing in on the all-time record median price of $482,000, a mark that was set in May 2022. As for condos and townhomes in the…

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Clem Ziroli III, 25-year-old Real Estate Asset Manager and Investor. Clem Ziroli III Meet Clem Ziroli III, the real face behind Las Vegas’ booming real estate market and a passionate advocate for community-focused politics. We need legislators who understand housing. Our current legislators don’t understand real estate, they don’t understand finance, or how to address Nevada’s affordable housing crisis.” — Clem Ziroli III LAS VEGAS, NEVADA, USA, June 6, 2024 /EINPresswire.com/ — Clem Ziroli III is not just a name making headlines in both the real estate and political arenas;…

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LAS VEGAS (KLAS) — Rising prices for Las Vegas condominiums and townhomes continued in May, pushing prices even higher after setting an all-time record in April. The median price for a condominium increased to $295,000 last month, up $5,000 over April’s mark, according to figures released by Las Vegas Realtors (LVR). Single-family home prices jumped by $4,000 in May, with the median price rising to $473,000. That’s $9,000 below the record set in May 2022. Overall, median prices are up 7.3% for condos/townhomes and 7.0% for homes compared to May…

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LAS VEGAS (KLAS) — Rising prices for Las Vegas condominiums and townhomes continued in May, pushing prices even higher after setting an all-time record in April. The median price for a condominium increased to $295,000 last month, up $5,000 over April’s mark, according to figures released by Las Vegas Realtors (LVR). Single-family home prices jumped by $4,000 in May, with the median price rising to $473,000. That’s $9,000 below the record set in May 2022. Overall, median prices are up 7.3% for condos/townhomes and 7.0% for homes compared to May…

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NV Capital Corp. announced the completion of two “fix-and-flip” projects within the Canyon Gate Country Club community in the heart of Las Vegas. One of the projects is at 8740 Rainbow Ridge Drive. The renovated single-family home spans 3,146 square feet and includes new flooring, countertops and cabinets. Construction was completed in a three weeks. The second project is at 2317 Timberline Way. The single-family residence spans across 3,663 square feet. The revitalization efforts included new flooring, countertops, cabinets and exterior stucco/paint. Construction began immediately after closing on the property…

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