Get free access to our world class MLS search tools, save your favorite listings, create saved searches & much more!

Residential Resale Report - October 2017

Posted by Mastura Zaini-Roberts on Sunday, November 19th, 2017 at 7:06pm.

The Southern Nevada economy continues to expand, and the population base has responded accordingly. An influx of new residents has helped bolster demand in the housing market.

With strengthening conditions experienced throughout 2017 expected to continue, similar housing supply-demand dynamics are likely to follow.

In October 2017, single family prices jumped 13.4 percent compared to last year, and the number of closings were also up 13.4 percent from 12 months ago.

Effective availability fell to 1.7 months (down 40.5 percent).

The number of notices of default spiked in October as regulatory and filing fee changes adjusted, but the impacts of foreclosure activity overall appears to be an issue of the past.

   

Resale market information in this publication is sourced to the Greater Las Vegas Association of Realtors® based on transactions reported in the Multiple Listing Service (MLS). 

 

 

Mastura Roberts
(702) 919-5400
offers@greatlasvegashomes.com

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

Another Client Success Story with Great Las Vegas Homes Agent Natalie Bélanger

The last buyer I helped out was relocating to Las Vegas from the state of Washington. She was being relocated for work and needed a house in a 3-week timeframe! It is possible to close a deal that rapidly when working with a good lender and if the loan is easy to do, but this one ended up being quite a challenge. My cl...

The Las Vegas Guide for Entertainment and Events and Dining and Deals -- January 19th, 2018

...

Just Sold Las Vegas Home – 9520 Bluff Ledge Avenue Las Vegas, Nevada 89149

VA Buyers find their dream home! Anthony Alfonzo of the #1 Tonnesen Team here at Berkshire Hathaway had the distinct pleasure to represent a proud military veteran and his lovely family. This Las Vegas home was the one they wanted to settle down in and raise their two younger daughters and still have room for their...

Client Success Story -- Lea Patrick

The very first appointment I had was with an extremely difficult client who was convinced his condo was just going to continue to be a money pit for him and his family. He admitted that most of the time he hung up on or cussed out every agent that called him because he truly didn't think anyone was actually out to help...

Client Success Story - The Asemota Family

Last July, I met with the Asemota family. Godwin and Angela Asemota were working with two other agents in town at the time. We had my standard buyers consultation and over the past 8 months, I have kept in touch. They were very happy that I sent them articles on not only what's happening in Las Vegas and but other pert...

Leave a Comment

Have a Question?

Contact Us

Follow Us