Current Las Vegas Real Estate Market

Since hitting its low of $64 per square foot in January of 2012, by last month the median price of homes sold in Las Vegas had risen to $126 per square foot. Although we are not quite there yet, that 97% increase has gone a long way to bring the Las Vegas real estate market […]

Greater Availablity of Mortgage Loans

Bloomberg news reported today that according to a Federal Reserve survey of 98 banks there has been a “continued easing of lending standards and terms for many types of loan categories amid a broad-based pickup in loan demand.” Many potential home buyers have complained that it has been difficult to obtain mortgage financing even in […]

July 2014 Las Vegas Real Estate Market Trend Report

Here is a video that my assistant prepared illustrating how the market for single family homes in Las Vegas has performed since it hit bottom in January 2012. The report cover all of the properties sold through the Greater Las Vegas Association of REALTORS® MLS system, however, most neighborhoods have exhibited similar trends. If you […]

Will the 3.8% Medicare Tax Apply to the Sale of Your Home?

You may have heard rumors that the Patient Protection and Affordable Care Act (often referred to as Obamacare) imposes a 3.8% transfer tax on all real estate sales and may be concerned that you will incur the 3.8% tax if you sell your home. The origin of this rumor is the 3.8% tax on some […]

The Las Vegas Real Estate Market is Changing

Because of the rapid changes in the Las Vegas real estate market, I have done a detailed analysis of what the market looks like TODAY. The changes are occurring so rapidly that by tomorrow this might be old news, but the trend is clearly in the direction of improvement. If you want to buy or […]

Continuing Inventory Decline

I just looked at my post of March 5 when single family inventory on the Las Vegas MLS was 7,139. Since then it has gone down by over 38% and stands as I write this at 4,358. Of that 4,358, 3,910 are in the portion of the MLS that encompasses the Las Vegas Valley. In […]

What You Need to Know About Developments in the Las Vegas Real Estate Market

Since I posted on March 5, the inventory of single family homes has dropped from 7,134 to 5,658. A net decline of 1,476, 20.69%, in one month! During that time 3,360 sales closed which indicates that the ratio of sales to new listings is approaching 2 to one. Moreover, there are 12,841 houses with either […]