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Information for clients The Las Vegas Spring market has shifted to Fall in 2020 The Las Vegas Spring market has shifted to Fall in 2020   Historically, the number of residential properties closing is highest April, May, June, July and August as families prepare for a fall school year and second home owners purchase their winter homes.  Because of the state mandated shut down in mid-March, we experienced a […]
Information for clients Las Vegas Valley New Home Sales Nearing 2006 levels Las Vegas Valley New home sales nearing 2006 levels.   Through the first four months of the year, new home closings have reached 3,264; a 22% increase over the same period last year.  If new home closings continue at this rate, we will have seen nearly 10,000 new homes closed in 2018; less than 2006 […]
Information for clients Luxury Real Estate is Defined in the Las Vegas Market If you describe Real Estate as Luxury enough times, it starts to lose its meaning.  Luxury is entirely overused in the Real Estate market to describe properties that do not meet the general definition of a Luxury Real Estate Property.  In fact, the term Luxury has been used to describe Ultra Luxury Real Estate; homes […]
Uncategorized Rentals in High Demand and Inventory Low Rentals in High Demand and Inventory Low   There is a thirty-day supply of rentals in the Las Vegas Valley, down dramatically from spring of 2017 where there was a ninety-day supply.  Why are rentals in high demand and inventory so low?   There are several factors affecting this market; one factor is the low inventory […]
Uncategorized The Fountains Sales – compare with Zillow predictions http://cma.windermere.com/service/cma/presentation/web/139fb737-53e2-4897-9c9f-294d6a6bb838#cover
Uncategorized Days on Market April 2017 Low Inventory The data indicates there is lower inventory than spring of 2016.  This lower resale inventory of Single Family homes has impacted the days on market.  Properties selling within the first 30 days are at 62.6% of total properties available for sale.  In addition, there is an increase in the number of properties selling […]
Uncategorized November, 2016 Resale inventory is at a four year low. Leaning towards a seller’s market in 2017 We are seeing a very positive trend appearing in November, 2016. Inventory, which is the number of resale homes available for sale at this moment in time, is at its’ lowest since October of 2013. This is not just a seasonal low. When we compare the inventory from […]
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