The Greater Las Vegas Association of Realtors (GLVAR) reported on Thursday that Southern Nevada home sales increased in August despite the local housing supply continued to remain tight, making for a strong "sellers market" with multiple offers on the same property, a common scenario frequently frustrating buyers who don't have an experienced agent representing them.
GLVAR also reported the median price of existing single-family homes sold during August was $235,000, higher by almost 7% percent from one year ago !
GLVAR said the median price of local condominiums and townhomes sold in August was higher by 4.5 percent from $110,000 last year at this time.
According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in August was 3,789, up from 3,454 total sales in August of 2015. Compared to the same month one year ago, 8.7 percent more homes, and 14.7 percent more condos and townhomes sold in August.
So far in 2016, Vegas valley home sales are outpacing sales in 2015, when GLVAR reported 38,578 single-family home, condominium, townhome and high-rise condo sales.
The Tonnesen Team at Berkshire Hathaway Home Services is always ready, willing and able to assist you in buying or selling all types of real estate in Las Vegas, Henderson, Summerlin, and all areas of the Las Vegas valley....please email or call us anytime so our team of over 30 Realtors can help make sure your home-buying or home-selling experience is fast, painless, and successful !
Berkshire Hathaway Home Services Nevada Properties
3185 St. Rose Parkway
Henderson, NV. 89052
Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052
With over 30 years of experience helping families call Las Vegas "home!"
Related Blog Posts
Debra Leatham, a star realtor with the #1 Tonnesen Team at Berkshire Hathaway HomeServices Nevada Properties reports that it was a pleasure to represent the seller on the sale of this home at 2228 Port Avenue, Las Vegas, NV 89106. This charming Las Vegas home is located at the end of a cul-de-sac in the quiet, all si...
I was doing an open house and a first-time home buyer came in. We developed a rapport at the open house as we discussed what she was looking for in a home. We later met at my office to discuss her options. When the time was right to move forward, we looked at a few homes and quickly found the perfect one. I knew at the...
The Omaha tycoon referenced more acquisitions for the brokerage firm over the next 10 years In Warren Buffett’s 2016 investor letter released this past weekend, the folksy tycoon called out HomeServices of America (HSA) and said to expect more acquisitions. The company had $225 million in earnings las...
Refinancing can be a very effective way to save money -- just be sure to go about the process in an informed manner, making sound choices along the way. These seven tips can help. Interest rates are starting to inch up, with many expecting the Fed to raise rates a little more later this month. A recent strong...
Typically my clients are relocations and many have never actually been in their home until the day of move in. That can create a unique situation such as timing for arrivals of delivery trucks, buyers not being in the city at the time of close, pet-friendly hotels, etc… I provide information necessary to assist...