Las Vegas Real Estate Market is Strong- Current Market Statistics

The Las Vegas Real Estate Market is very strong and in full swing; everyone is very busy and happy to help you close on your next home purchase or sale. It’s a great time to buy, sell or refinance. There were a total of 3,195 Single Family, Condo’s and Townhouses closed in the month of March, that’s a huge increase! The real estate market has seen many digital changes recently with virtulization mobile real estate search apps, drones, YouTube, Facebook and mobile changes to Google; and we are keeping up on all of the latest technology updates so we can best service you. Take a look at our YouTube Chanel to see the latest videos and featured homes for sale.

The Real Estate market is healthy with an equity resale rate of 82.1%, approximately 2,624 single family homes. With 271 Short Sales, they make us just 8.5% of the current market. REO (Real Estate Owned) often referred to as bank owned or foreclosure properties currently makes up 9.4% of our market with approximately 300 homes accounted for this past month.

The loan market is strong as interest rates are at 24 month low and we are seeing fewer cash deals (1002) and more homes being financed. This gives the typical homeowner buyer power as many cash investors are out of the market. We have seen 1066 Conventional Financing home purchases, 777 FHA Financing, and 283 VA Financing purchases in the last month. We do a lot of business with the Military and there are some seller costs to VA purchases; this may account to the few VA financing purchases we have seen.

There are currently 7,187 Single Family Residence (SFR) available; with 6,268 under contract, some of which are short sales, we are happy to see those closing soon. 1,857 Condominiums and Town Homes (CONDO/TH) are available with 1,086 under contract. Our Las Vegas Homes Inventory is moving quickly, and if you have your home listed for sale you can typically expect it to sell in 90-120 days, quicker depending on if you are listing with special needs; regardless we are here to help you get it sold at its highest and best price possible. Give us a call. Military, Law Enforcement Officers and Firefighters never pay a full commission with The Radcliffe Group when you sell your home. 

The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection. Ranking consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas, Dave also ranked number 1 in 2014 as the top producing individual out of 172 Realtor- Agents in his office. 

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home. 

Thank you for tuning in, subscribe to our YouTube Channel and check out our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com

Written by Nickel Lowman
With content from Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401
www.DaveRadcliffeVegas.com

Centennial Hills Las Vegas Real Estate Market Update

(702)379-3401 www.DaveRadcliffeVegas.com

Centennial Hills Market Update News for North Las Vegas

There are a lot of great things going on in the Centennial Hills Community: The Community Broke Ground on Sky Canyon a new master planned community. Mall Grand Openings 2015; Schools Parks, and Fire Stations are on the horizon, with lots more coming soon. There is an $18 Million Dollar Floor Control Project that should be done by year end. Lot's of New Home Builders are constructing homes in the area: KB, DR Horton, Toll Brothers, Williams Lyon, Richamond America, and Lennar.

We can represent you in your new home purchase, there is no reason to be un-represented. 

Market Statistics Single Family Homes: 583 active properties, 375 contingent/pending homes, 166 sold; there is less than 90 day inventory in Centennial Hills. Condo Market: 45 active condo, 35 pending, and 20 sold; its a very active market. Median in the area: 2284 sq ft house, $244,000.00 sales price with an average of 27 days on market, with $111 as the average price per square foot.

For more information about Centennial Hills Real Estate and the local Las Vegas Community, give us a call or visit our website, we are happy to help. 

(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