March 2016

Found 3 blog entries for March 2016.

Las Vegas Real Estate NewsSpring is almost here and with it, the Spring home buying and selling season.  This year promises to be a challenging market for Las Vegas home buyers.  We have a low inventory of homes listed for sale.  Luckily, our home builders have started new subdivisions all around town.  The new homes provide an option for buyers who don’t see what they want in the resale market.

Home sellers should do well this Spring.  The median price is still lingering around $220K with February’s median at $220,350.  If inventory stays low, demand from Spring buyers may push prices up a little.  

What’s For Sale in Las Vegas and Henderson?

The Greater Las Vegas MLS shows 7172 Single Family Homes available for sale.  Condos and townhomes add 2324 more listings.  Buyers

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Las Vegas Luxury High Rise Condos Sold in February 2016

Las Vegas Luxury High Rise CondosMarch has started off with 554 options for Las Vegas high rise buyers.  This is the third month in a row where the inventory of listings in our high rise buildings has increased.  It’s up from 529 last month, 500 the month before and 549 in December.  At this time last year, we had 516 options available. 

The MLS includes some but not all the “developer” units.  Our sales rep at Veer Towers tells us they only have 15% of their inventory remaining.  Veer Towers sold 115 condos in 2015.  At that rate, the sales office could be out of inventory by the end of this year.  We expect Veer and South Strip properties to see increased demand after T Mobile Arena opens next month.  Buyers who want to call

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What to Expect When Buying a Luxury Home in 2016

Reports show the luxury home market is growing stronger.  Lower un-employment has helped the housing market.  Move up buyers waited until they regained enough equity to sell their homes.  Many of them are now in a position to buy.  This should lead to continued improvement in the high end market.  International buyers are still snapping up luxury homes.  The outlook for luxury real estate is good.

While the outlook is good, real estate is local.  It’s important to work with a local Real Estate expert who specializes in Luxury Homes.  Your local specialist will be on top of the factors influencing their particular market.  One factor to consider in most markets is turmoil in the stock market. It

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