Showing posts with label las vegas home values. Show all posts
Showing posts with label las vegas home values. Show all posts

Thursday, June 16, 2016

Las Vegas Community & Market Update June 2016

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Las Vegas is expected to see 10,000 new homes built this year. Builders are showing this is only 30% of what was built in past years, but it's a vast improvement from where we have been and shows a healthy market.
We can represent you with NO COST representation at all the builders in town. Remember we must be with you on your first visit to the builder models; it's important you have representation from the beginning.
Single Family Residence (SFR):                                                   
  • Available – 7,101 (+70, Last Week 7,031)
  • Under Contract – 6,087 (-224, Last Week 6,311)
  • Days of Supply – 35 (+1, Last Week 34)
  • Short Sales – 2,086 (-22, Last Week 2,108)
  • 3902 sales we show of which, 3751 were not short sales
Five more stores have been added to Downtown Summerlin, and it continues to be a great place to eat, shop and relax while enjoying the Vegas local amenities.

Search ALL Las Vegas Homes for Sale Here!

https://youtu.be/0d51afHmsHM

The Radcliffe Group

Out of more than 10,000 real estate agents in the greater Las Vegas and Clark County area, Dave Radcliffe ranks among the Top 1% of Realtors® as number 101 during 2015. Dave has a team of top producing agents, and providers and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. And as a Top #4 Team/Group in 2015 over 200 agents.  David is part of the Agent Leadership Council for Keller Williams and was awarded in 2015 with the ALC Owners Award as the person making the biggest difference in the Market Center. Dave and The Radcliffe Group received The HSA Award and Top Leverage Award from Transaction Coordination. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection.

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. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. 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.

Check out and subscribe to our YouTube Channel and follow our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com
 
Written by Nickel Lowman
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-702-6401

http://daveradcliffeltd.com/

David Radcliffe - Agent with David M. Radcliffe, Ltd., Keller Williams Rea David Radcliffe - Agent with David M. Radcliffe, Ltd., Keller Williams Rea

Wednesday, January 27, 2016

Homes are Appreciating in Las Vegas- Check out the Map

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Las Vegas Appreciation Map by Zip Code

Is your Las Vegas Home Value Increasing?

Sometimes it is hard to know if you should sell, upgrade or remodel, we have done our best to help you make the decision that is bet for you and have a video that addresses your questions. Each month home value statistics change in Las Vegas and understanding your home value is important. Last month we showed November 2014 vs November 2015, today we bring you December stats! Below are two different maps that appear to be very similar when you first look at them.  And that's because the maps are broken down by Las Vegas area zip codes and color coded to show boundaries. The difference is the first map shows home value appreciation for Single Family Homes Valued at $400,000.000 plus while the second map shows Las Vegas Home value appreciation for Single Family Homes Valued less than $399,999.00. Different parts of town are appreciating at different rates and differently in different price ranges. The map compares December 2014 vs December 2015.  


Appreciation Rate for Las Vegas Home Values $400,000.00+



Keep in mind little change shows a very stable market. A negative percentage shows a decline year over year, but since real estate is a local market, and values have climbed in the past few years its somewhat normal to see some variation. The greater Las Vegas area has less than a 30% count of homes that are still underwater, much different than in years past and we still see a decreasing trend. There is a lot of pricing competition for new homes. The median home value in Las Vegas currently is $220,000.00

Appreciation Rate for Las Vegas Home Values $399,999.00 and under

What is your home value?

Because each home has it's own unique selling features and a home value is based on specific comparable properties and upgrades in a specific location, The Radcliffe Group is happy to do a free- no-obligation on site property evaluation to help you best understand you home's selling value and marketability should you decide to sell. It's a great seller's market and interest rates are low, so buyers are benefiting in this market as well. Demand for homes is high in the Summerlin area, with available inventory. Give us a call if we can help you get your home sold. 702-379-3401www.DaveRadcliffeVegas.com

The Radcliffe Group

Out of more than 10,000 real estate agents in the greater Las Vegas and Clark County area, Dave Radcliffe ranks among the Top 1% of Realtors® as number 101 during the second quarter of 2015. Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection.

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. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. 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.

Check out and subscribe to our YouTube Channel and follow our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com
 
Written by Nickel Lowman
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401

http://daveradcliffeltd.com/

David Radcliffe - Agent with David M. Radcliffe, Ltd., Keller Williams Rea David Radcliffe - Agent with David M. Radcliffe, Ltd., Keller Williams Rea

Wednesday, December 9, 2015

2016 Las Vegas Economy & Real Estate Crystal Ball Report

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If only we had a crystal ball, we would know for sure, but here's how things are looking for early 2016 for the Las Vegas Economy, Community and National Outlook.


 

 

https://youtu.be/KZZ2xMNAfxIInterest Rates & Home Values

Interest Rates

We expect to see a lot of changes with interest rates, they will be on the rise. A current study shows we will likely be at 4.6% at this time next year. Rising interest rates  affect affordability. With  interest rates and prices trending up, it will be more challenging for some buyers to purchase a home in Las Vegas. We recommend that you purchase sooner than later, and maximize your buying power.

Las Vegas Foreclosures & Short Sales

With approximately 30% of homeowners still under water, we are seeing a decreasing trend, and expect to see this number continue to drop in the coming year.

Home Values

Dave recently sat on a panel for the Appraisal Institute, and in discussions reviewed how new home construction prices are climbing and the builders are bullish in the current market. With prices in competition with resale homes in Las Vegas.

Las Vegas New Home Construction

The North West is still selling strong; with some of the best affordability in the valley; and some of the best quality (according to Dave). It's no longer a secret,  people have figured out that its a great location, competition is now on the rise.

Pardee Homes just joined the other home builders in Skye Canyon on of Las Vegas' newest Master Planned Communities. Skye Canyon was previously known as Horse Road.

https://youtu.be/KZZ2xMNAfxILas Vegas Strip

The Las Vegas Strip is seeing some face-lifts and with the addition of the new Arena from MGM, the first in may years; we will see Grand Opening celebrations in the Spring of 2016. An increase of Las Vegas strip events around the Monte Carlo & New Your, New York Hotel & Casinos are slotted as well. There is not much of a word for the fate of the current arena.

https://youtu.be/KZZ2xMNAfxI2016 National Outlook

Terrorism & Tourism

Unfortunately as we ring in the New Year, 2016 will likely continue to have a focus on International and National terrorism with the nationally terrorism focus it could continue to effect our local economy, specifically because of tourism.

Health Care Costs Increasing

Health insurance premiums are on the rise and with Obama Care rates increasing early mid-2016, it is important to take note on how it will affect a buyers home purchase, as will influence a buyer's affordability when they look at their budget and home purhcase options. 

https://youtu.be/KZZ2xMNAfxIThe Radcliffe Group

Out of more than 10,000 real estate agents in the greater Las Vegas and Clark County area, Dave Radcliffe ranks among the Top 1% of Realtors® as number 101 during the second quarter of 2015. Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection.

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. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. 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.

Check out and subscribe to our YouTube Channel and follow our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com
  
https://youtu.be/KZZ2xMNAfxI

Written by Nickel Lowman
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401

http://daveradcliffeltd.com/

David Radcliffe - Agent with David M. Radcliffe, Ltd., Keller Williams Rea David Radcliffe - Agent with David M. Radcliffe, Ltd., Keller Williams Rea