We Again Look At The Market
It’s once again time to take a peek at the most recent stats for the overall Las Vegas Valley real estate market. As a broker, I look at these numbers every week when they’re released. At the end of the day, in markets like these, he/she with the most data wins. And that’s why I share it. I hope you enjoy the information and find it helpful in making a decision to buy or sell real estate in Nevada. If you have any questions about anything at all, please feel free to contact me anytime.
As Of Last Week
8,159 active residential listings (LVV)
- 8,088 were traditional – 99.2%
- 44 were REOs – .61%
- 27 were short sales – .22%
1,977 Residential Properties Under Contract
- 1,954 were traditional – 99%
- 7 were REOs – .30%
- 16 were short sales – .73%
As Of This Week
8,103 active residential listings (LVV)
- 8,027 were traditional – 99.2%
- 51 were REOs – .61%
- 25 were short sales – .22%
1,935 Residential Properties Under Contract
- 1,914 were traditional – 99%
- 6 were REOs – .30%
- 15 were short sales – .73%
Other Important Information
- The median home price remained $450,000
- There were 1,548 price reductions (based on previous week’s activity)
- 56.8% of homes sold in under 30 days
- 28.4% sold in 31-60 days
- 9.0% sold in 61-90 days
If You Have Any Questions
If you have any questions, please don’t hesitate to reach out directly at 702-592-9841 or via my contact page. I am a full-time real estate broker/salesperson who makes herself available. From stellar homes in communities such as Summerlin’s Stonebridge and Mesa Ridge to well known high-rise projects such as Sky Las Vegas and Turnberry Place, I look forward to helping you understand, and win, in this market.
I appreciate you taking the time to stop by my website and to read this edition of LUXE BLOG. Have a good day.