May 2013

Found 4 blog entries for May 2013.

This post was written a year ago when Las Vegas was experiencing a serious shortage of homes for sale.  Today, November 17th, 2014, we have more options for buyers.  The number of homes for sale has climbed to over 10,000 homes listed for sale.  The number of homes sold each month has also declined slightly compared to last year.  

The current market is still slightly under a 4 month supply.  By historical standards, anything less than a 6 month supply favors sellers.  It isn't as competitive as it was a year ago but buyers need to be prepared.  The advice we gave a year ago is still useful if you want to buy a home that is priced to sell.

From 5/22/13

After years of gloom and doom for Las Vegas home owners, Las Vegas is now a seller's

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What’s my Las Vegas home value?

Click Here to get a FREE “Las Vegas Home Value Report” that will compare your home to homes that have recently sold in your specific Las Vegas/Henderson neighborhood.

There are websites that have instant evaluations.  Those are seldom accurate.  One reason they are seldom accurate is they are looking at your home’s value through a rear view mirror.  They see what homes have sold for within a radius and may not understand that the subdivision just a mile away is cookie cutter while your home is in a small enclave of custom homes.  Do they realize that the home they’re using to undervalue your home was a foreclosure that had a pool full of green water?

Does the automatic home value estimate site know that you -

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    Las Vegas Luxury Homes & High Rise Market - May 2013

    As we enter May, the number of high rise condos for sale in Las Vegas continues to decline.  We are down to only 388 units listed in the MLS.  This is just under a six month supply of high rise condos should no additional properties come onto the market.  To see the high rise residences that are currently available, click here.

    Over the past year, number of high rise condos sold per month has averaged 69.  In April our MLS reports 86 "high rise" condos sold.  Closing prices ranged from a low of $90,000 for a 1296 sf 2 bedroom condo in the Marie Antoinette building.  This condo was on the sixth floor and offered 2 beds/1.75 baths.  The building is one of our older high rise properties, built in

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    Las Vegas Housing Market Update - May 2013

    We enter into May with only 3335 single family homes listed for sale in all of Las Vegas, Henderson and North Las Vegas.  We have a total of 964 condos and townhomes in those same areas for sale.  Over the past year we have sold 2813 single family homes and 583 condos/townhomes per month.  With the current low inventory that translates into only enough homes to last another 6 weeks if no new homes came on the market.

    This low inventory is putting upward pressure on prices.  If you have been waiting to sell, click here to contact us.  If you have been waiting to buy, you can start your home search here.

    In April we sold a total of 2961 single family homes and 640 condos and townhomes.  That's actually a

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