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June 26, 2017

Las Vegas Housing Market Report – May 28, 2012

Las Vegas Housing Market Report – May 28, 2012

Las Vegas NV Real Estate - Housing Market Report - May 28, 2012Las Vegas Housing Market Report reveals prices & market trends of Las Vegas NV houses – Supply & demand for Vegas houses – Median list prices of Vegas homes.


Las Vegas Houses

 This Week:

Las Vegas Housing Market Report – May 28, 2012 shows that the current median list price of homes for sale is $171,200. Inventory is tightening and days-on-market is falling. The Market Action Index is trending downwards. Sales prices are leveling at this time.

Supply and Demand:

The Las Vegas housing market report indicates that the market for single family residential homes is cooling. The homes report indicates that the sales demand is strong while fewer homes are being listed for sale. The Las Vegas real estate market for single family homes is considered a seller’s market at this time.

Price Trends:

The median Las Vegas housing market prices have climbed in recent months. However, the median list price has leveled off this month. The asking price per sq.ft. is increasing a bit.  However, the days on the market to get a Las Vegas home sold is dropping. The market action index on future housing reports will reveal how long this trend will last.

View the entire…Las Vegas Housing Market Report – May 28, 2012.

Median List Price…$171,200
Asking Price Per Square Foot…$82
Average Days on Market…155
Percent of Properties with Price Decrease…18%
Percent Relisted (reset DOM)…n/a
Percent Flip (price increased)…5%
Median House Size (sq.ft.)…2123 sqft
Median Lot Size…6,501 – 8,000 sq.ft.
Number of Bedrooms…3
Number of Bathrooms…2.5

Search the Las Vegas MLS listings to find Homes for Sale!

…………..

When buying or selling Las Vegas real estate…
Contact an Experienced Las Vegas Realtor!
Bob and Jackie Simmons
The Realty One Group
702-508-8172

Subscribe in a reader

Las Vegas Housing Market Report – March 26, 2012

Las Vegas Housing Market Report – March 26, 2012

Las Vegas Housing Market Report - March 26, 2012Las Vegas Housing Market Report reveals prices & market trends of Las Vegas houses – Supply & demand for Vegas houses – Median list prices of Vegas NV homes.


Las Vegas Houses

 This Week:

Las Vegas Housing Market Report – March 26, 2012 shows that the current median list price of homes for sale is $150,000. Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.

Supply and Demand:

The Las Vegas housing market report indicates that the market for single family residential homes is getting hotter. The homes report indicates that the sales demand is strong while fewer homes are being listed for sale. Meanwhile, the current supply and demand levels are showing no signs of price changes from their current trend.

Price Trends:

The median Las Vegas housing market prices are continuing their climb again this week. As a result, the asking price per sq.ft. is also increasing.  However, the days on the market to get a home sold is dropping. The market action index on future housing reports will reveal how long this trend will last.

View the entire…Las Vegas Housing Market Report – March 26, 2012.

Median List Price…$150,000
Asking Price Per Square Foot…$76
Average Days on Market…168
Percent of Properties with Price Decrease…26%
Percent Relisted (reset DOM)…n/a
Percent Flip (price increased)…6%
Median House Size (sq.ft.)…2020 sqft
Median Lot Size…6,100 – 8,000 sq.ft.
Number of Bedrooms…3
Number of Bathrooms…2.5

Search the Las Vegas MLS listings to find Homes for Sale!

…………..

When buying or selling Las Vegas real estate…
Contact an Experienced Las Vegas Realtor!
Bob and Jackie Simmons
The Realty One Group
702-508-8172

Subscribe in a reader

What would a new Stadium and Entertainment Complex mean to Las Vegas?

There are talks of UNLV having a Las Vegas stadium built. How would this affect the local jobs market and also the Las Vegas housing market?

UNLV president Neal Smatresk recently stated that he has been in talks with Ed Roski and Craig Cavileer about building a domed 40,000-seat stadium and entertainment complex near the campus. There is also talk of making improvements to the Thomas and Mack Center as well. The parties involved have reportedly discussed forming a “public-private partnership.”

Thomas and Mack Center...Las Vegas, Nevada

Thomas and Mack Center...Las Vegas, Nevada

Majestic Realty, one of the world’s largest developers is owned by Roski. In 2008 Roski ranked 524th on the Forbes list of the world’s billionaires. He currently has an interest in both the Los Angeles Laker’s NBA basketball team as well as the LA Kings NHL franchise. His company also helped to build the Staple’s Center in L.A. Located in Las Vegas is the Silverton Casino Hotel and Lodge which is owned by Roski and where Caliveer serves as president.

At this time it is unknown just where the new complex will be located. The university president Smatresk is enthusiastic about the possibility of the new proposition. He said it would be somewhere near the Strip and the airport and there are rumors that it could even be built on the UNLV campus.

Las Vegas Mayor Oscar Goodman has for many years wanted a new Las Vegas stadium in hopes of a getting a pro hockey or basketball team. While his preference is to have a downtown stadium Mayor Goodman agrees that a stadium at UNLV is fine.

So what does it mean to Las Vegas to have a new stadium and entertainment complex?

Jobs and a revenue stream are what is at stake. These are critical to getting Las Vegas back on the mend. It is very easy to see how all of this relates to our local economy and to the health of our housing market. All eyes and ears are watching and listening to this matter very closely even though the news of the stadium discussions are still in the early stage.

Search the Las Vegas MLS for Homes.

For a Las Vegas Realtor contact:
Bob and Jackie Simmons
Realty One Group


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