Why do Single level homes cost more than comparable two story homes? Let’s investigate!
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Have we hit a market low in terms of inventory, or is this simply a blip in a continued downtrend of homes for sale?
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How does our Market Today compare to 2020, 2017, and 2014? A look Back…
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Want to know what the difference between Marketability and Appraisal Value is? It’s more than you think…
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Economics 101: Supply and Demand has a lot to do with what we’re seeing in our market…
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While there is a lot we don’t know (from IF we are going to get shutdown, to how severe, to how long), there are plenty of ways to look at this. Allow me to put my 2 cents in this as this situation is every changing.
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As always, the stats are for Single Family Homes only. If you would like a condo or townhome report, let us know! If you would like a specific zip code or area report, let us know! Stats are from Las Vegas Realtors, and any commentary and opinion is from me!
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I think if you’re reading this blog, you a) know me b) love real estate too or c) know me and I continuously slam things to you to read. Any way you look at it, I believe Real Estate provides one of the best investment vehicles we have, and I want to use this as a multi-part blog of many of the reasons I personally love real estate, and you should too.
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Some of you are saying “Thank you” and enjoying yourselves (responsibly). Others, and probably most of you, are saying “What is Nevada Day?” As someone late to the game, I’m here to give a brief history.
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What I’ve been doing since early August is tracking the number of homes that are Under Contract (in our market, homes have 2 statuses, Under Contract Show and Under Contract No Show… both mean the home has an accepted offer though) compared to the OVERALL number of homes currently not sold… meaning both Active on the Market, and Under Contract (as these can always fall out of contract).
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Here are the facts. Yes, we have one of the, if not, highest unemployment numbers in the country
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Just when we expected a softening or a slowdown in the Real Estate Market, BAM, we get another great month. Spoiler Alert… it was a really strong month for Single Family Homes in the Las Vegas Valley.
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Huge news regarding Open Houses and Tenant Occupied Listings in the Las Vegas area just broke yesterday. Here are the highlights (link to press release).
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