Las Vegas Real Estate & Community Market Update

702-379-3401

www.DaveRadcliffeVegas.com 

Monthly Market Report 

There were a total of 2,253 Single Family, Condo’s and Townhouses closed in the month. (As of March 4, 2016)

The breakdown:

Re-sale:1,912, which is 85% of the market,
Short Sales: 162, which is only 7% of the market,
REO: 179, which is 8% of the market, significantly lower than in years past.

Financing Breakdown:

685 Cash Purchases,
747 Conventional Financing,
612 FHA Financing,
180 VA Financing Purchases.

Current Statistics:

8,692 Active homes for sale in Las Vegas,
6,346 Contingent /Pending (This is a hugs number!- It's a strong seller's market!)
4,513 Traditional Equity Sales (not Short Sales)
2,545 Homes sold last month (February 2016) in Las Vegas. The market is heating up! 

Appreciation Map- Year End 2015 

Below is an appreciation map for the year ending in 2015. Curious what you appreciation looks like on your home? Give us a call, we can help.

Search ALL Las Vegas Homes for Sale Here!

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

702-379-3401

www.DaveRadcliffeVegas.com 

Urgent Las Vegas Real Estate Community Update- Market Statistics

702-379-3401 www.DaveRadcliffeVegas.com

Spring Fever? 

Urgent Las Vegas Real Estate Market Statistics Update

Las Vegas is experiencing a brisk market with homes quickly shifting from available to under contract and closed. Is it “Spring Fever” “March Madness” or will the “Ides of March” launch as the turning point and beginning of the traditional buying season with the sluggish winter months behind us?

Nearly 800 Single Family Homes sold in the last 7 days her in Las Vegas and nearly 160 Town home/Condominiums sold in that same period. That is almost 1,000 homes just last week compared to an average of 2,400 homes for a month! Stop waiting to buy, and avoid an inventory shortage! Sellers, Spring is here, strike while the iron is hot, and get your home listed for sale and see that sold sign in the yard!

Will these sales “spring” us into an early Summer home sale season? Dave Radcliffe of the Radcliffe Group of Keller Williams Realty Southwest Las Vegas brings you the latest Crystal Ball outlook for today’s changing Las Vegas, North Las Vegas, Centennial Hills and Summerlin real estate market update and local real estate home sale statistics for your area.

Inventory is moving quickly! This is great news for Las Vegas, Summerlin, Centennial Hills, and North Las Vegas Homeowners who are considering selling. Buyers are looking and ready to make an offer as interest rates are the lowest they have been in 20 plus months. With the recent FHA mortgage premium reduction coupled with the low rates, affordability has increased as buyers are getting off the couch and hitting the streets in search of their next Las Vegas address. Will your home “wow” the buyers searching in your neighborhood?

With homes moving quickly from an available to under contract, buyers have a reason to be checking with their realtor for new listings on a daily basis, and must be ready to take action and write an offer when a home is identified that fits the criteria. So it’s important to be sure you work with a qualified team, like the Radcliffe Group, that will help you determine your “needs and wants” and find a home that fits the dream.

It’s a great time to be in the market to purchase a home in Las Vegas or to sell your existing home and relocate or upgrade your home to obtain your next American dream. Take a look at the recent Las Vegas Real Estate Market Statistics for Single Family Resident home sales and Condo/ Town home sales:

Urgent Las Vegas Real Estate Market Statistics Update

Single Family Residents in the greater Las Vegas Area

7,379 on the market; with 5,518 single family homes under contract; and 1,875 that sold in the last 30 days; 797 went under contract last 7 days alone.

Condominium/ Town Homes

1909 are on the market, 999 are under contract; 463 sold in the last 30 days, and 159 went under contract in the last 7 days alone.

It’s a really hot week in Las Vegas Real Estate and the time to list your home for sale is now! The Market is heating up; get your home sold before the weather does!

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.

Tune into The Radcliffe Group YouTube channel to learn more about what is happening in your Las Vegas and Summerlin Communities. We promise to keep you updated with the latest real estate market conditions, real estate statistics and happenings in the area.

Written by Nickel Lowman

For Dave Radcliffe, The Radcliffe Group

Keller Williams Realty Southwest

702-379-3401

www.DaveRadcliffeVegas.com

Las Vegas Real Estate Update & Market Statistics- December 2014

702-379-3401
www.DaveRadcliffeVegas.com 

Las Vegas Real Estate Home Sales and Market Statistics- December 2014

December was a typical month is real estate for the greater Las Vegas area, slightly slower than most months of the year, but normal, we usually see a slight slowdown around the holidays.There were a total of 2,615 Single Family, Condominium and Townhouses closed in December 2014.

Real Estate Market Breakdown (Approximate):

82% of the Market was Traditional Resale, for a total of 2,144 homes

10.2% of the Market was Short Sales, for a total of 266 homes

7.8% of the Las Vegas Real Estate Market was REO Sales, for a total of 205 homes

We are seeing a rise in traditional Resale Homes, which is great for the Las Vegas Community home values. With fewer Short Sales and REO sales it shows the market has once again stabilized and fewer people are upside-down or in trouble.

Active

Single Family Residence 7339

Condo/townhouse 1780

Pending

Single Family Residence 4331

Condo/townhouse 855

Sold past 30 days

Single Family Residence 2155

Condo/townhouse 447

Sold past year

Single Family Residence 28,046

Condo/townhouse 5,967

Las Vegas Home Sales- Financing Options Chosen

34% Cash Purchases, 873 home sales

34% Conventional Financing, 880 home sales

23% FHA Financing, 608 home sales

8% VA Financing, 208 home sales

Cash purchases are down from years past; this is great news for FHA and VA buyers looking to enter the market as there is less competition with the cash investor buyer. Interest rates are at a 20 month low, 3.25% FHA, VA, and 3.75% conventional rates. It’s a great time to refinance or purchase and lock in a great 30 year rate. The Radcliffe Group can connect you with a great lender that can help you with your unique situation and loan and share about the best financing loan  options available.

Las Vegas Economy

Gas prices are down 25%, we may see airline flight prices drop; and this would be great for Las Vegas. Tourism has been strong; we are expecting a slight uptick, but nothing substantial. Caesars did go bankrupt; we are not seeing any changes to operations at this point.

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 theirhome 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. 

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