THE ADAMS TEAM
Rothwell Gornt Companies
Las Vegas Real Estate Agent Robert Adams Las Vegas Real Estate Blog
Brief Las Vegas real estate market update for September 27th 2018 from Team Lead Robert Adams.9/27/2018 ![]()
August 2018 saw a 20% increase in inventory in Vegas in a single month (keep in mind in some price ranges we were under 1 month supply). Sept has continued to increase as well. We are still in a sellers market but definitely not as red hot as it was 6 months ago. Overpriced listings are doing more price reductions while the listings priced correctly are still selling and often times with multiple offers (just less offers, rather than 12 offers maybe they have 3).
I do agree that people are flocking to Vegas due to new taxes in other states like Bill mentioned. This trend will continue to increase through 2019 as people realize how the new tax changes in those states will directly affect their pockets come tax time. Welcome to Las Vegas land of lower property values, lower property taxes, no state income tax, no S.A.L.T. cap, etc. With all that being said I do a see a softening here locally but nothing to be scared of. I think it is actually healthier to see some additional inventory hit the market so appreciation rates return to more sustainable numbers and financed buyers that were constantly getting outbid finally have the opportunity to lock up some deals. If you are looking to buy or sell contact The Adams Team at Rothwell Gornt Companies today! Best Regards, NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies MA & RI Real Estate Broker at Sankey Real Estate
722 Orange Plume Henderson, NV 89011 - Just Listed $324,500
Located within the master planned Cadence community, Heritage is the only community in the master plan specifically designed for active adults 55+ and offers a wonderful all-inclusive lifestyle opportunity. A wide assortment of amenities are uniquely tailored around the preferences of active adults. The 20,000 square-foot recreation center contains an indoor lap pool, craft rooms, billiards room, game room, a grand ballroom, multi-purpose rooms and a cafe. Residences can also enjoy a fitness center, along with an aerobics studio. Outdoors, Heritage residents can enjoy the beautiful pool and patio with gorgeous views of the surrounding mountains. There are also several bocce ball and tennis courts, as well as horseshoe pits for gathering with neighbors. An outdoor BBQ provides a great meeting place for various community events. Open to Cadence Heritage residents only. Highly sought after sold out attached single family home community, active adult 55+, 2 bed plus den 1890 ft² 2 car garage, open concept, custom paint, 10' ceilings, home automated system, builder warranty, upgraded flooring and just steps away from the clubhouse! CONTACT THE ADAMS TEAM AT ROTHWELL GORNT COMPANIES TODAY FOR A PRIVATE SHOWING! With the market still having a massive shortage of homes for sale and demand through the roof, buyers are having a hard time finding deals. Many times buyers are out bid time and time again making the process very frustrating. We are here to HELP! We would like to talk to the buyers out there about our new listing we have coming to the market. Be the first to get information on these listing and if you like to be the first to schedule a private showing. If you need a lender to assist you with your financing please let us know as we work with some of the best lenders in town and would be happy to connect you with them. If you are not on our buyer's list please email use and request to be added. We will email you the details of each home to see if it is a good fit for you. Start the buying process HERE Best Regards, NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies MA & RI Real Estate Broker at Sankey Real Estate
Median selling price for May 2018 This map compares each state's median selling price for May 2018.1 Darker states have the highest median selling prices in the country, whereas the lighter-colored states have the lowest prices. It should be noted that median selling prices are generally lower in the Midwest, and higher on the coasts.
Median selling price for May 2018 This map compares each state's median selling price for May 2018.1 Darker states have the highest median selling prices in the country, whereas the lighter-colored states have the lowest prices. It should be noted that median selling prices are generally lower in the Midwest, and higher on the coasts. 1Source data: CoreLogic® Data date: 07/25/2018
The second map shows the effect of real estate-owned ("REO") property sales on the median home price. The areas with the least impact on median sales prices from REO property sales are Oregon, Montana, Texas, Massachusetts, Florida, Rhode Island, California, Alaska, Nevada, Minnesota, Washington, Nebraska, Idaho, Arizona, Utah, and Colorado — all with less than a 1% impact.
REO property sales also affected median sales prices more in the eastern half of the country than the western half. Based on available data, REO sales on average only had an impact of 1.49% nationwide, with 26 states below the average.1 1Source data: CoreLogic® Data date: 07/25/2018 Best Regards, NV Broker/Salesman at The Adams Team at Rothwell Gornt Companies MA & RI Real Estate Broker at Sankey Real Estate |
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