Get it Done in 2021!
Get it Done in 2021!
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Bryan McCall
REALTOR ® Berkshire Hathaway
HomeServices Nevada Properties
Cell: 702 485-8302
Please visit my website @:
License # 191863
Courtney McCall
Rowena Alijuddin
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10280 Polaris Avenue, Las Vegas, Nevada 89141, United States
Open today | 09:00 am – 05:00 pm |
Monday - Friday: 9am - 5pm
Saturday: 10am-4pm
Sunday: Closed
There's much to see here. So, take your time, look around, and learn all there is to know about us. We hope you enjoy our site and take a moment to drop us a line.
Nevada Housing Market Update for September 2020, presented by LasVegasRealEstate.com and published by The Lied Center for Real Estate at The University of Nevada Las Vegas. LasVegasRealEstate.com is pleased to offer the report summary here as well as a link to the entire report.
Washoe County saw the most robust growth in single-family home prices of any major region in Nevada as prices increased 20.9 percent year over year. Laughlin, Mesquite, and Carson City County all saw increases greater than 10 percent. The Las Vegas metropolitan area saw an increase of 7.4 percent.
Summerlin and Henderson saw the most robust growth in existing single-family home prices of anywhere in the Las Vegas metropolitan area as prices for both areas increased 13 percent year over year. North Las Vegas, which saw a year over year increase of 3.3 percent, had the lowest price appreciation.
Laughlin was the only region in Nevada where existing home sales were up year over year. Existing home sales are down 32 percent year over year in the Las Vegas metropolitan area and down 17 percent year over year in Washoe County.
The Las Vegas metropolitan area saw a 13 percent year over year increase in new single-family home prices and Washoe County saw a 23.5 percent year over year increase in new single-family home prices. Washoe County saw a 27 percent year over increase in new single-family home sales.
Most regions in Nevada are seeing a distress share lower than their prerecession value. The distress share was less than 3 percent in the Las Vegas metropolitan area and less than 1 percent in Washoe County.
Existing condominium prices were unchanged year over year in the Las Vegas metropolitan area but increased by 30 percent year over year in Washoe County.
Existing condominium sales decreased by 34 percent year over year in the Las Vegas metropolitan area and decreased by 20 percent year over year in Washoe County.
Price per square foot for new single-family homes, which saw almost no change for seven consecutive months, increased $9 from the previous month and was up 6 percent year over year.
Overall price increased on a month-to-month basis for the sixth consecutive month and increased on a year over year basis for the fourth consecutive month. New home prices were up 13 percent year over year, which is the largest year-over-year increase since November 2017.
New condominium sales saw a slight month-to-month increase while new single-family homes saw a slight month-to-month decrease. Both home types saw large year over year decreases.
Average existing single-family home prices increased more than $5,000 from the previous month for the third consecutive month. Year over year price appreciation has gradually increased for the last six months and was over 7 percent in September 2020.
Las Vegas Existing Home Prices – September 2020 – LasVegasRealEstate.com
Existing single-family sales saw a large decrease after two consecutive months with large increases. Sales have been down more than 20 percent year over year for five consecutive months.
Existing condominium prices have seen little month-to-month change for six consecutive months, as prices have consistently been around $225,000. Prices were nearly unchanged on a year over year basis.
Overall price and price per square foot for single-family REO sales both saw month-to-month increases and both were up over 10 percent year over year.
REO sales decreased for the seventh consecutive month and saw a large 50 percent year over year decrease for the sixth consecutive month. REO sales were lower than their prerecession value.
The share of single-family homes sold under distress, at 2.3 percent, continues to be lower than its prerecession value.
Average time on the market has seen little month-to-month change for both condominiums and single-family homes since March 2020. Condominiums spent an average of 83 days on the market while single-family homes spent an average of 76 days on the market.
#1: 89135 at $791,800
#2: 89138 at $640,100
#3: 89012 at $606,300
#4: 89052 at $587,000
#5: 89144 at $575,300
#1: 89101 at $184,670
#2: 89030 at $196,670
#3: 89106 at $200,870
#4: 89115 at $231,330
#5: 89104 at $241,000
#1: 89012 at 37%
#2: 89011 at 28%
#3: 89134 at 21%
#4: 89141 at 21%
#5: 89102 at 18%
#1: 89148 at -6%
#2: 89118 at -2%
#3: 89142 at -1%
#4: 89135 at 0%
#5: 89032 at 0%
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