Las Vegas Real Estate Single Family, Condo & Townhome Median Prices

Median Price Las Vegas Real Estate

Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401
www.DaveRadcliffeVegas.com

Single Family Residence Demand by Price Range Las Vegas Real Estate

Single Family Residence Demand by Price Range Las Vegas Real Estate

Supply and Demand Las Vegas Real Estate

Single Family Residence Demand by Price Range Las Vegas Real Estate

Dave Radcliffe

The Radcliffe Group 

Keller Williams Realty Southwest 

702-379-3401 

www.DaveRadcliffeVegas.com

Las Vegas Real Estate Market statistics October Update 2014

(702)379-3401 www.DaveRadcliffeVegas.com-- Las Vegas Real Estate Market statistics October Update 2014

There are great things that are happening around town with a lot of focus on Summerlin. With many new stores, personal services and new restaurants in Downtown Sumemerlin the place is packed, with a lot of fanfare, it’s the place to be. With more stores and eateries to still open, I recommend checking out the movie theater with recliners, and drink service, it’s a great atmosphere! Massive draw!

New home construction is still booming. With both on and off sites, a 9,000 home development, Sky Canyon, is under way and is located off of the US 95 North. We would love to show you homes in the area.

Good news! UNLV has Cyber, a great way to track economic research and data.It shows we are leading and showing an economic increase, much better than in July 2013. The business activity index is up; tourism index is showing a little loss, but not terrible, and still up year to date. Construction index is up as Las Vegas is building more, and doing more! It’s a great place to live.

Looking at real estate market statistics for last month:
Foreclosures sales measure at 2850 single family condos and town-homes in September of those Real Estate 80% 2284; Short Sales diminishing with 311 at 11% of the market; Reo/ Foreclosures are down and only making up 9% of market; with 954 conventional sales, 367 FHA, 241 VA funded purchases cash purchased are down at 952. Cash purchase rate are less than 50% of the buyer pool, making them a much smaller part of the market, creating a more traditional market vs. this time last year when cash home purchases made up 60-70% of market.

With only 3 months of inventory on the market, Las Vegas is still considered a seller’s market, and will stay that way until we see approximately 6 months of inventory. It’s a great time to sell if you are considering a move. We would love to speak to you, and help you with your new home purchase, resale purchase or sale of your home. Give us a call we would love to speak to you and assist you with all of your real estate needs. Subscribe to our YouTube channel or check out our website for all of the latest updates.

Dave Radcliffe, The Radcliffe Group, Keller Williams Realty Southwest 702-379-3401 www.DaveRadcliffeVegas.com

Las Vegas Real Estate Centennial Hills Market Update

Las Vegas Real Estate Centennial Hills Market Update

(702)379-3401 www.DaveRadcliffeVegas.com-- David Radcliffe of the Radcliffe Group of Keller Williams Realty Southwest brings you a real estate market update for the Centennial Hills area of Las Vegas. We have a large presence in the area and consider ourselves as Centennial Hills experts. 

There have been recent concerns with the summer monsoons of recent flooding in the Centennial Hills area. Earlier this year (March 17th, 2014) there was as flood project that began and will wrap up in the next 60 days or so, connecting the flood channels. So it should minimize the flood issues in the area.

Centennial Hills, Las Vegas Home Prices

We are looking at a 90 day absorption rate in the area, with a brisk summer selling season. 463 active properties in the area, 299 homes are in contract, 152 homes sold in the Centennial Hills area last month. 449 homes sold in the last 90 days.

Currently there is a lot of new home construction taking place in the area. DR Horton, Lennar, Richmond, Harmony and Pardee homes are great options. Allow us to help represent you with the builder; don’t take the chance of going in unrepresented. It does not cost you a dime to be represented by a Realtor in a new construction home purchase and we can help with the negotiations. 

(702)379-3401 

www.DaveRadcliffeVegas.com

Summerlin Las Vegas Real Estate and Local Market Update

Summerlin Las Vegas Real Estate and Local Market Update

(702)379-3401 www.DaveRadcliffeVegas.com---Contact us for all of your local Summerlin real estate needs. We update you monthly and as new information is released for the Summerlin area with videos on statistics and community information. Subscribe to our YouTube Channel for the latest updates direct to your inbox.

DownTown Summerlin Project

The DowntownSummerlin project is in full swing and there are new jobs that are forming in the area with a recent job fair and now Allegiant Air has announced its move to Summerlin at 1201 North Town Center Drive. Occupying 120,000 square feet of building space on 2.5 acres Allegiant is moving their whole operation (including their Air Operation Center). This will bring 700 employees to the local area, which is great for local business. The Downtown Summerlin Project is almost ready to open (with a target date of mid-October) there will be  125 new stores. They just held a job fair and that will bring in additional business growth in Summerlin.

Las Vegas Summerlin Real Estate  Market Statistics

Local Summerlin Real Estate Market Statistics are showing a very strong market with 489 active homes; 240 contingent/ pending homes; and 153 homes sold last month in the Summerlin areas. That means there is a 90 day absorption rate; translating into a brisk and really strong market.

Summerlin New Home Construction

Toll Brothers: Montectio, Santaluz, and Vista Dulce projects have opened up with prices starting in the high $200K’s-500K‘s. The Alta and Desert Foothills areas have 6-7 new home construction builders that are currently developing land, and these neighbors are definitely worth checking out. Keep in mind, when you visit new home construction it is important to have an agent represent YOUR specific needs and the sales staff in the model homes represent the BUILDER interest. They can legally represent under dual agency, but why would you want someone working both sides? The Radcliffe Group works specifically for you when representing YOU in a new home purchase; so utilize our services and let us negotiate the best price and terms possible with your new construction home purchase. So, contact us today at (702)379-3401 www.DaveRadcliffeVegas.com for all of your real estate needs. 

Written by Nickel Lowman

 (702)379-3401

www.DaveRadcliffeVegas.com

September Update 2014 Las Vegas Real Estate Market Statistics

(702)379-3401—www.DaveRadcliffeVegas.com— David Radcliffe of the Radcliffe Group of Keller Williams Realty Southwest Las Vegas is here to speak to you with a real estate market statistics update. Updates are recorded as new information is available and released feel free to subscribe to the YouTube Channel for the latest video updates.

We are seeing a lot of commercial construction throughout the Las Vegas Valley. Specifically, there is a renovation underway at the Fashion Show Mall. The facelift will completely change how you walk into the mall off the street, additionally there is a 22,000 square-foot addition in the works with a landscape redesign, five new restaurant spaces, and cabanas (that will be very similar to The Downtown Summerlinproject), with open air walks, a cloud bar with oval roof and curving glass walls. Zara department store will triple in size. So, lots of changes and development to look forward to. We are seeing some nice development on the strip. We've seen land prices and hotel construction increase, all great for Las Vegas area.

With regard to market status, there are a total of 9,520 properties for sale in Las Vegas, Nevada. We're looking at 7,450 single-family homes on the market, with 1,971 being condos/ townhomes for sale. Additionally, we're looking at 5,600 single family homes under contract (1,085 of them are condo/townhome properties) A lot of these properties are short sales and seem to have been on the market forever, so that skews the numbers a bit.

So here are the numbers that really matter: 2,443 single-family homes sold last month, with an additional count of just under 500 condos/townhomes that sold in Las Vegas. So inventory is sitting at about 3,000 homes on the market (which has been great for sellers). As you take a look at the toll numbers, we're looking at about 2.5-3 month inventory which is very brisk; and still considered a seller’s market. In the last 2-3 weeks, we saw a slight slowdown to new escrows being opened and property showings, very likely, a normal seasonal adjustment due to summer ending and kids returning back to school.

Wrapping up out market statistics, is a look at homes that are being foreclosed on. We are seeing movement on foreclosures, with more coming onto the market. Time will only tell if this is a trend we can expect from the banks, so we will keep an eye on them and we will continue to keep you updated.

If you are looking to buy home in Las Vegas, this means there may be more inventory coming onto the market soon. This will create a more competitive market for homeowners looking to sell properties.

If you are looking to buy home in Las Vegas, this means there may be more inventory coming onto the market soon. This will create a more competitive market for homeowners looking to sell properties. - See more at: http://daveradcliffeltd.com/526/#sthash.A1Ihgn9z.dpuf

If you are looking to buy home in Las Vegas, this means there may be more inventory coming onto the market soon. This will create a more competitive market for homeowners looking to sell properties. - See more at: http://daveradcliffeltd.com/526/#sthash.A1Ihgn9z.dpuf

That wraps up our real estate market statistics for the month; thank you so much for watching. If you need more information go to my website or give me call. As always, we always love to talk to you about all of your Las Vegas, CentennialHills, Summerlin, and North Las Vegas real estate needs. (702)379-3401---www.DaveRadcliffeVegas.com---

(702)379-3401—www.DaveRadcliffeVegas.com— David Radcliffe of the Radcliffe Group of Keller Williams Realty Southwest Las Vegas is here to speak to you with a real estate market statistics update. Updates are recorded as new information is available and released.

Real Estate Statistics brought to you monthly by David Radcliffe

We are seeing a lot of commercial construction throughout the Las Vegas Valley. Specifically, there is a renovation underway at the Fashion Show Mall. The facelift will completely change how you walk into the mall off the street, additionally there is a 22,000 square-foot addition in the works with a landscape redesign, five new restaurant spaces, and cabanas (that will be very similar to The Downtown Summerlin project), with open air walks, a cloud bar with oval roof and curving glass walls. Zara department store will triple in size. So, lots of changes and development to look forward to. We are seeing some nice development on the strip. We’ve seen land prices and hotel construction increase, all great for Las Vegas area.

With regard to market status, there are a total of 9,520 properties for sale in Las Vegas, Nevada. We’re looking at 7,450 single-family homes on the market, with 1,971 being condos/ town-homes for sale. Additionally, we’re looking at 5,600 single family homes under contract (1,085 of them are condo/town-home properties) A lot of these properties are short sales and seem to have been on the market forever, so that skews the numbers a bit.

So here are the numbers that really matter: 2,443 single-family homes sold last month, with an additional count of just under 500 condos/town-homes that sold in Las Vegas. So inventory is sitting at about 3,000 homes on the market (which has been great for sellers). As you take a look at the toll numbers, we’re looking at about 2.5-3 month inventory which is very brisk; and still considered a seller’s market. In the last 2-3 weeks, we saw a slight slowdown to new escrows being opened and property showings, very likely, a normal seasonal adjustment due to summer ending and kids returning back to school.

Wrapping up out market statistics, is a look at homes that are being foreclosed on. We are seeing movement on foreclosures, with more coming onto the market. Time will only tell if this is a trend we can expect from the banks, so we will keep an eye on them and we will continue to keep you updated. If you are looking to buy home in Las Vegas, this means there may be more inventory coming onto the market soon. This will create a more competitive market for homeowners looking to sell properties.

That wraps up our real estate market statistics for the month; thank you so much for watching. If you need more information go to my website or give me call. As always, we always love to talk to you about all of your Las Vegas, Centennial Hills, Summerlin, and North Las Vegas real estate needs. (702)379-3401—www.DaveRadcliffeVegas.com

- See more at: http://daveradcliffeltd.com/526/#sthash.A1Ihgn9z.dpuf

(702)379-3401—www.DaveRadcliffeVegas.com— David Radcliffe of the Radcliffe Group of Keller Williams Realty Southwest Las Vegas is here to speak to you with a real estate market statistics update. Updates are recorded as new information is available and released.

Real Estate Statistics brought to you monthly by David Radcliffe

We are seeing a lot of commercial construction throughout the Las Vegas Valley. Specifically, there is a renovation underway at the Fashion Show Mall. The facelift will completely change how you walk into the mall off the street, additionally there is a 22,000 square-foot addition in the works with a landscape redesign, five new restaurant spaces, and cabanas (that will be very similar to The Downtown Summerlin project), with open air walks, a cloud bar with oval roof and curving glass walls. Zara department store will triple in size. So, lots of changes and development to look forward to. We are seeing some nice development on the strip. We’ve seen land prices and hotel construction increase, all great for Las Vegas area.

With regard to market status, there are a total of 9,520 properties for sale in Las Vegas, Nevada. We’re looking at 7,450 single-family homes on the market, with 1,971 being condos/ town-homes for sale. Additionally, we’re looking at 5,600 single family homes under contract (1,085 of them are condo/town-home properties) A lot of these properties are short sales and seem to have been on the market forever, so that skews the numbers a bit.

So here are the numbers that really matter: 2,443 single-family homes sold last month, with an additional count of just under 500 condos/town-homes that sold in Las Vegas. So inventory is sitting at about 3,000 homes on the market (which has been great for sellers). As you take a look at the toll numbers, we’re looking at about 2.5-3 month inventory which is very brisk; and still considered a seller’s market. In the last 2-3 weeks, we saw a slight slowdown to new escrows being opened and property showings, very likely, a normal seasonal adjustment due to summer ending and kids returning back to school.

Wrapping up out market statistics, is a look at homes that are being foreclosed on. We are seeing movement on foreclosures, with more coming onto the market. Time will only tell if this is a trend we can expect from the banks, so we will keep an eye on them and we will continue to keep you updated. If you are looking to buy home in Las Vegas, this means there may be more inventory coming onto the market soon. This will create a more competitive market for homeowners looking to sell properties.

That wraps up our real estate market statistics for the month; thank you so much for watching. If you need more information go to my website or give me call. As always, we always love to talk to you about all of your Las Vegas, Centennial Hills, Summerlin, and North Las Vegas real estate needs. (702)379-3401—www.DaveRadcliffeVegas.com

- See more at: http://daveradcliffeltd.com/526/#sthash.A1Ihgn9z.dpuf