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Las Vegas Real Estate News

December 2019 SFR closings were up 7.95% from November and up 21.14% up from December 2018.  The overall residential resale market (including residential, high rise, and multi-family sales) saw just over 42,000 resales closings for the year.  Overall 2019 market appreciation for Single Family Residential (SFR) homes was held to 5.5% over that of 2018.  So – despite a difficult start and challenges with  lending, appraisals and potential affordability issues, the Las Vegas real estate market has rebounded quite nicely with some momentum to take us into 2020. 


SFR inventory decreased to 2.3 months overall despite the increase in closings – primarily due to the lack of listings taken the last two months of the year.   Only 2,646 residential listings

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The Las Vegas housing market continues to ride a wave of stability as the median price for an existing single-family home in Southern Nevada last month was just under $313,000.

That represents a 6% jump from December 2018 and a rise from about $307,000 in November of last year.

The all-time high for Las Vegas was $315,000 in June 2006, just before the recession that eventually led to area home prices bottoming out at $112,000 in 2012.

“As we begin a new year and a new decade, I think you can sum up the state of the local housing market with two words — stable and sustainable,” Blanchard said. “We ended last year with a fairly strong month of December, which is usually one of our slowest months.”

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Housing starts in October rose by 3.8 percent to a seasonally adjusted annual rate of 1,314,000, according to the latest data from the U.S. Census Bureau and Department of Housing and Urban Development.

After several months of gains, starts are up 8.5 percent year-over-year. Building permits for private homes rose by 5 percent to a seasonally adjusted rate of 1,461,000. Completions, meanwhile, rose 10.3 percent to a seasonally adjusted rate of 1,256,000.

“October’s housing starts were a robust rebound from last month and a sign that builders are optimistic about the direction of the housing market,” Zillow economist Matthew Speakman said in a statement. “Low mortgage rates have buoyed demand for homes, helping drive strong builder confidence

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Las Vegas Real Estate

According to this year’s Tax Index, Nevada is one of the states that do without one or more of the major taxes: the corporate income tax, the individual income tax, or the sales tax. Wyoming, Nevada, and South Dakota have no corporate or individual income tax making them desirable places to own property.

The 10 best states in this year’s Index are:

1. Wyoming
2. South Dakota
3. Alaska
4. Florida
5. Nevada
6. Montana
7. New Hampshire
8. Utah
9. Indiana
10. Oregon

The 10 lowest ranked, or worst,
states in this year’s Index are:

41. Rhode Island
42. Louisiana
43. Maryland
44. Connecticut
45. Ohio
46. Minnesota
47. Vermont
48. California
49. New York
50. New Jersey


There are many reasons to consider  Nevada for a home or business:

  • There is no personal
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Take a tour with Mas and Deb of this fabulous guard gated home in the Estates at Green Valley Ranch.  Walk with us as we tour of this beautiful property. 

Go to https://www.greatlasvegashomes.com/listing/2099031-2289-candlestick-avenue-606-henderson-nv-89052/ for more details!

 

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Highly upgraded Trenton model with Casita. 

Beautiful must see Henderson home.

Crown Molding! Tile Floors in all rooms except Master Bed, Office and 2nd Bedroom. Casita contains bedroom #3, separate from the home in Courtyard, tile floors, private bath, and walk-in closet. 2nd bedroom has own private bath and double doors to the courtyard. The office is with custom cabinets and desk. Oversized Master bedroom. Laundry with cabinets and sink. Garage with custom floor and custom cabinets.

See More of this property and contact us to learn more.

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901 Single Tree Dr. is a rare find.  NO HOA! Pride of Ownership!

901 Single Tree Dr

 

This adorable & immaculate house has it all! 1-story with 2 bed/2bath and a sparkling pool/spa with roll-out solar cover. Mature landscaping, smart drip irrigation system, flowers, & gorgeous palm trees. Kitchen featuring stainless steel appliances, porcelain flooring, customed blinds throughout with newly installed air-conditioned in the living room near to the backyard. 2 car garage with epoxy flooring!

Learn more about this Great Las Vegas Home

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Join us on Saturday and Sunday for a Las Vegas open house.

6319 Mustang Spring Avenue

Saturday 9/14 - 12pm to 3pm

Sunday 9/14 - 1pm to 4pm

Stunning & immaculate American West, Alexander model featuring 4 bedrooms 3 baths, 1 loft & 1 den with 3 car garage! This gorgeous home features a great entryway with professionally manicured landscaping. Lots of natural light, open concept from the library, living room, dining room & kitchen with granite countertops & stainless steel appliances. 2nd-floor; large movie theatre room for relaxation & fun! Enjoy the sparkling pool & BBQ in the backyard!

Learn more about this Great Las Vegas Homes!

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