Why Las Vegas real estate?
Despite the pandemic, the Las Vegas housing market is sizzling. In June 2021, the median price of a single-family residence set a new record of $395,000, up 22% year-over-year. Bookmark this page for on-going market updates.
Las Vegas Access
Las Vegas is the perfect city for for those who desire maximum flexibility.
Las Vegas’ McCarran airport is no more than 30 minutes away from most city neighborhoods. Once there, you’ll find a busy hub dominated by Southwest, which had a 38% share of passenger traffic in June 2017. Southwest is an efficient. low-cost carrier that can take you just about anywhere in the U.S., Mexico and the Caribbean.
Getting in and out of Las Vegas is usually a breeze, except Sunday evenings, particularly holiday weekends, when Los Angelenos begin their trek home. On a good day, interstate 15 can take you to Orange County in just four hours. If you head in the other direction, you can be in Bryce Canyon National Park in about the same time.
If you live in Los Angeles or the San Francisco Bay Area, you know what a royal pain in the you-know-what it is to go places. While Las Vegas does have its traffic snarls, in general, it’s far easier and faster to get around. It helps that Las Vegas has some of the widest boulevards streets this side of Dubai. And unlike Dubai, our Princesses roam free.
Las Vegas Market
People often ask me why I live in Las Vegas. The answer always produces a puzzled look, “Las Vegas is a nice, quiet city!” To outsiders, used to The Strip’s neon cacophony, that may come as a surprise, but most residents agree that this is a pleasant and easy-to-navigate city. There is a big difference between The Strip and its surroundings, which offer a prime living environment. Not that there’s anything wrong with living at City Center on The Strip. 😊
Las Vegas Real Estate Pricing Trend
In June 2021, the median sale price of an existing single-family residence set an all-time high of $395,000, breaking a record set in May 2021, according to Las Vegas REALTORS. A total of 4,486 homes and condos sold during June, with home sales up 44% and condos and townhomes up 101%. The median price of homes sold increased 22% year-over-year. Condos and townhomes sold for a median price of $216,000, increasing 15% from a year earlier.
By the end of June 2021, LVR reported 2,454 single-family homes listed for sale without any offer. That was down 52% from a year earlier, and up 21% from May 2021. For condos and townhomes, the 575 properties listed without offers in June represented a 64% drop from one year earlier. In 2020, a total of 41,617 homes, condos, and townhomes changed hands, up slightly from the 41,269 sales reported in 2019.
June 2021 data provided by LVR (Las Vegas REALTORS).
+44% from Jun. 2020
+22% from Jun. 2020
+101% from Jun. 2020
+15% from Jun. 2020
The housing supply is now less than a month (0.5), well below the six months considered necessary for a balanced real estate market. Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than six months of supply, while more than six months, indicates a market that favors buyers.
2,256 Sq Ft. • 2 Beds • 3 Baths
Las Vegas Boulevard, The Strip
1,693 Sq Ft. • 2 Beds • 3 Baths
Las Vegas, NV 89135
3,108 Sq Ft. • 5 Beds • 3 Baths
Henderson, NV, 89012
“Ronda helped us buy a beautiful home near near Downtown Las Vegas. She worked hard to find us the right property. Very professional and highly recommended.”
“I contacted Ronda Beese when I found out I was moving back to Las Vegas. She was very helpful and responded to all my needs. Even when it felt tough to find what I was looking for she kept positive and continued to look until she found exactly what I needed well within my budget.”
The Las Vegas City Council established the Innovation District in the city’s urban core to concentrate smart city technology infrastructure investment. The Innovation District is meant to be the home of autonomous, mobility and smart-city technology startups.
A Real Estate Agent You Can Trust
When reviewing Las Vegas real estate agents to handle one of the most important transactions of your life or investment strategy, there are many factors to consider. What Las Vegas real estate agents can provide you with the superior support and investor vision Ronda Beese and HomeSmart offer?
Browse For Free
With so many realty sites listing the same homes and rental properties for sale, it can be difficult for house hunters to know where to look. Use my completely free service to find your dream home.
No Hidden Fees
When considering becoming a homeowner, recognize that there’s a lot more to purchasing a house than saving enough money for a down payment. Additional expenses come up throughout the home-buying process. Some of these are upfront, out-of-pocket costs that are nonrefundable even if you end up not closing the deal. One thing you won’t have to worry about when working with Ronda, is surprise, hidden fees.
Get Your Free Estimated Market Value
Find out your home’s current market value with Ronda’s free home report. Once you submit your address, you will get an estimate in hours.