An overview of the housing market in Las Vegas during January 2020 residential real estate activity shows everything is within healthy and stable conditions. Housing supply is still under three months on the market. Shyla Magee, GLVAR Board of Directors Member, stated that while home prices increased by 1 percent, it’s still within normal limits,
According to a Nevada Business report, Northern Nevada had approximately 60 lease transactions in the second quarter of 2019. All of the properties are under 10,000 square feet. In Southern Nevada, on the other hand, there were 139,000 square feet projects accomplished and 783,000 square feet under construction during the same period. Although many retail
The housing market saw stable price growth and fewer overall home and new home sales. Stable home price. According to GLVAR President Janet Carpenter, the current housing market is stable, a first for the Las Vegas housing market in 27 years. There’s a 3% year-over-year increase in the price of homes. Decreased sales of homes.
The number of commercial properties for lease and sale has increased compared to the previous month. Investors looking for space have a lot of options in Las Vegas. It seems that the recession will not make much of an impact on Southern Nevada. If ever, its impact will not come close to the impact brought
Nothing much is new in the Southern Nevada’s local housing market because the growth is slow and the prices are stable. Fewer houses are available in the market. The median housing price is a thousand dollars higher for this month. There is also a 5% year-over-year appreciation, which is good news. According to Janet Carpenter,
The prices of local homes advanced to the $300,000 mark last month. More homes were on the market now compared to last year. The median price for sold existing single-family homes stays at $300,000, which is 1.3% higher than in February and 7.1% higher than last year. There is also an increase in the median
January 2019’s median price for existing single-family homes in Las Vegas was $300,000, which was an increase of 13.2% from $265,000 in January 2018. For condos, it was 13.4%, up from January 2018. January 2019’s median price was $170,000. These are from GLVAR’s new report released last February. GLVAR President Janet Carpenter said, “It’s interesting
This is a good time to buy a property in Las Vegas as local home prices dipped last October according to the Greater Las Vegas Association of Realtors. There are more homes in the market and fewer buyers as opposed to the previous year. GLVAR President Chris Bishop said that the market has changed. Inventory levels are up.