Market Trends September 2022 There were 2,002 single-family houses that sold in August , down 3.1% from July and down 37.6% from August 2021 . September 24, 2022 - 7:00 am September 24, 2022 - 12:04 pm New York real estate heavyweight Related Companies is partnering with Wynn to pursue a casino license, Relevant real estate news. With the media proclaiming that sales and prices are plummeting, we see that the real estate in Las Vegas is actually stable and looking promising. 9341 Hidden Harbor Ave is a 1,770 square foot house on a 3,485 square foot lot with 3 bedrooms and 2.5 bathrooms. Everybody knows that Las Vegas home prices have gone up a lot in recent history. Mortgage rates are projected to rise and so are home prices. Guard-gated sales for August were up 23.3% over July, with 53 closed sales and 96 pending sales at For the Las Vegas region, the median price of single family houses remained stable. Based on Redfin's Las Vegas data, we estimate the home's value is $453,221. The Las Vegas real estate market gets a lot of attention in the media. Single Family Homes Median Price, TTM. Remember, the last time inflation was this high, interest rates rose to over 15%. But some markets saw a lot of red: Las Vegas homes saw prices drop by 2.3% compared to the previous month, followed by Austin, with a 2.2% drop. The median sales price of previously owned single-family homes, went from $450,000 to $440,000, down 2.2% from September, but still 7.3% from the prior year. November 07, 2022 06:34 PM. This is an 29.8% increase from September of 2021 (1,608 properties). Its a true retreat McKenna Property Management offers high-quality property management, rentals, and real estate services in Las Vegas, North Las Vegas, and Henderson, Nevada. Las Vegas Realtors are reporting this week the median price of existing single-family homes sold in Southern Nevada during October 2022 was $440,000. That's down 2.2% If you have individual questions regarding your area in Las Vegas please do not hesitate to reach out. In January 2022, the median price of previously owned single-family homes was at $435,000. Lets connect so you can make your best move in the new year. This home is currently off market - it last sold on March 11, 2022 Townhouse/Condo Market Overview Historical Sparkbars 9-2021 9-2022 Percent Change YTD 2021 YTD 2022 Percent Change Months Supply of Inventory 1.3 2.8 + 115.4% ----- Key metrics by report month and for year-to-date (YTD) starting from the first of the year. The number of rental Las Vegas Real Estate Market Report October 2022 brings the latest facts and figures for the Las Vegas real estate market. Availability; Rental Resources; Las Vegas Housing Market Update - September 2022. VanTrust Real Estate LLC is doubling down on the North Las Vegas market. Average home prices are still climbing, up 9% since last year and 17.7% In October, 2,192 homes, condos and townhomes were sold in Las Vegas, which is a drop of 44 percent year-over-year for homes and 41.9 percent for condos and townhomes, respectively. 34.24% YoY. The 2022 Las Vegas real estate market forecast will be heavily influenced by rising interest rates. Heres what experts project for 2022. In September 2021, 83.8% of properties had been on the market for 30 days or less. View our availabilities today! Already this year, we have seen interest rates rise by 1%. There were 97 homes that sold in September for $1 million and over, compared to Augusts 110 homes, a 13 home decrease. As we approach Fall, the Las Vegas real estate market, and the U.S. market as a whole continues to slow down. VanTrust Real Estate LLC is doubling down on the North Las Vegas market. Las Vegas Realtors are reporting this week the median price of existing single-family homes sold in Southern Nevada during October 2022 was $440,000. Source: Listed by Chip Madsen with IS LUXURY, this two-story home features six bedrooms, five bathrooms and a two-car garage across 5,047 square feet. This home is currently off market - it last sold on September 28, 2022 for $400,000. 0. There were 95 retirement community homes sold in the greater Las Vegas area during September. The median sales price in the Luxury Market for As of September 2022 Im seeing first hand institutional investor offers slowing and coming in about 10-25% lower than Zillows zestimates. rising prices and mortgage interest rates are impacting sales.Cost-of-living, even credit cards and auto loans have reached a multi-year high, and all of this 0. Their agents have the strong market knowledge and are fierce negotiators when it comes to acting at the behest of buyers and sellers. November 8, 2022. SOURCE: Las Vegas REALTORS. The median sales Go. During the same This data is up 1.7% from August 2022 and increased by as much as 17.4% from the same time last year. Single Family Homes Availability, TTM. Las Vegas Real Estate Market Update - September 2022 The median home price for single family homes in Las Vegas remained at $450,000 in September, which was the same In October, 2,192 homes, condos and townhomes were sold in Las Vegas, which is a drop of 44 percent year-over-year for homes and 41.9 percent for condos and townhomes, Realtor.com is predicting a modest 5.9 percent appreciation rate for Southern Nevada in 2022. With the media Henderson, NV: Lauren Paris - Simply Vegas Real Estate is a serious entrant in the Las Vegas real estate industry. A full summary report published by Summerlincommunities.com (Data by LVR) on Las Vegas Real Estate Market Update shows that 2,030 single-family houses were sold in September. In its quarterly earnings report released today, Audacy announced it has sold its 36.4 acre tower site in North Las Vegas for $40 million. The rent increases between Fall 2020 and Spring 2022 were staggering (25-40%) and have proven to be unsustainable and somewhat artificial. The most recent report from the Las Vegas Realtors revealed that local home values fell for the fourth Right to your inbox every week. Single-family home sales for September, 2022 in the Las Vegas area are down -37.1% from September 2021. Follow me and The Real Las Vegas: https://www.instagram.com/thereallasvegas/We continue to see shifts in the real estate market here in Las Vegas. 8.31% YoY. Las Vegas Retirement Community Market Data - September 2022. See Since the Fed is seeing record inflation in items like groceries, gasoline and more. November 8, 2022. This home is currently off market - it last sold on June 24, 2022 for Experts are forecasting buyer demand will remain strong as people try to capitalize on rates and prices before they climb, creating another strong year for home sales. $2,200-$2,295 in 14-21 days. About This Home. Based on Redfin's Las Vegas data, we estimate the home's value is $421,088. Las Vegas Real Estate Market Report October 2022 brings the latest facts and figures for the Las Vegas real estate market. Las Vegas Real Estate Market: Prices, Trends & Forecast 2022-2023 #lasvegasrealestatemarketupdate #lasvegasrealestate #lasvegasrealtor #lasvegashousingmarket2022 #lasvegashomes #northlasvegasrealestate The median sales price of previously owned single-family homes remained at $450,000, which is 2022 closings are now 17.5% off the 2021 pace but continues to track closely to the 2019 market; closings at this pace could easily end up at 32,000 35,000 In September of 2022, 2,087 rental properties were leased across the Las Vegas Valley. As a property manager on the The details are too important for anyone to be an expert on the entire market. November 04, 2022 at 08:05 AM EDT. Market Overview. The median price for 55+ community homes in Las Vegas was $460,000 in September, and the average number of days on market was 51. Las Vegas Guard-Gated Real Estate Market Trends September 2022. The number of homes for sale in Las Vegas, NV increased by 3.7% between September 2022 and October 2022. In its quarterly earnings report released today, Audacy announced it has sold its 36.4 acre tower site in North Las Vegas for $40 million. But some markets saw a lot of red: Las Vegas homes saw prices drop by 2.3% compared to the previous month, followed by Austin, with a 2.2% drop. Home; Rentals. 1,849. The increase in value of condos and townhouses poses another challenge to the Las Vegas real estate market since many of those who had been pushed out of the single-family homes market often turn to condo units as an affordable alternative. 9514 Grandview Spring Ave is a 1,982 square foot house on a 2,178 square foot lot with 3 bedrooms and 2.5 bathrooms. Townhouse/Condo Market Overview Historical Sparkbars 9-2021 9-2022 Percent Change YTD 2021 YTD 2022 Percent Change Months Supply of Inventory 1.3 2.8 + 115.4% ----- Key metrics 3251 Longford Way is a 1,656 square foot townhouse on a 1,742 square foot lot with 3 bedrooms and 2.5 bathrooms. Actionable market intelligence. The median price for Las Vegas condos and townhouses actually went up slightly. 2.04%. This home is currently off market - it last sold on August 16, 2022 for $400,000. Listed by Chip Madsen with IS LUXURY, this two-story home features six bedrooms, five bathrooms and a two-car garage across 5,047 square feet. For media inquiries, ; This figure is up 1.4% from August and down 36.7% from September 2021. In October 2021, the median price of previously owned single-family homes was at $410,000. Now? There is more competition, rental houses are sitting on the market longer and our market is experiencing advertised rent rate decreases. November 07, 2022 06:34 PM. 619 Sandana Cir is a 2,087 square foot house on a 4,356 square foot lot with 4 bedrooms and 3 bathrooms. Las Vegas Sales Cool Amid Rising Costs September 2022 Stats Summary for Greater Las Vegas. The Kansas City-based developer broke ground last week on the first buildings of a project that Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. The site currently houses Audacys Sports Betting 1140 The Bet KXST North Las Vegas and Beasley Medias Talk 720 KDWN Las Vegas. The site In October 2022, listings were on the market for 36 days. That's down 2.2% from September 2022, and down from the all-time record price of $482,000 in May. Houses are sitting on the market longer and our market is CRASHING 482,000. Serious entrant in the new year lasvegasrealestate # lasvegasrealtor # lasvegashousingmarket2022 # lasvegashomes # northlasvegasrealestate < a href= '':! # lasvegasrealtor # lasvegashousingmarket2022 # lasvegashomes # northlasvegasrealestate < a href= '': Are down -37.1 % from September 2021 sitting on the market for 36 days off market it. 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