Las Vegas Housing Market 2018
Here’s a look at the Las Vegas Real Estate Market for April 2018. According to a report released on April 6th by the Greater Las Vegas Association of REALTORS® (GLVAR), homes prices continue to rise while inventory numbers shrink as we head in spring.
From March of 2017 to March of 2018, the median price range for homes in Las Vegas went up by 15.7 percent.
March ended with a total of 3,886 condominiums, townhomes, and single family homes sold. That is an impressive increase from the 2,704 sold in February, but the number is down 1.3 percent from last year at this time. The median price range of houses that sold in Las Vegas during the month of March was $280,000. This amount shows an increase of 15.7 percent from March 2017 and an increase of 1.8 percent from the $275,000 of last month.
The Average rate is 5-6%. NEGOTIATE!!!
Depending on how many properties, etc. Rate may be negotiable.
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Find a company that will keep maintenance costs in line and check references to be sure they always follow through on promises.
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9 Reasons You Should Probably Change Property Managers
Hiring a property manager is a great decision in many instances. Some reasons you may decide to change a management company include:
LAS VEGAS (FOX5) –
Realtor.com named Las Vegas the number one real estate market in the country for 2018. The site based its criteria on the price and amount of existing homes, new home construction, and local economic trends.
“We’ve been number one a lot in the last 15 years but this one list we finally want to be on, you remember we were number one for foreclosures and short sales but now were the number 1 hottest market to look forward to,” said Greater Las Vegas Association of Realtors President, Chris Bishop.
Homes across the valley are flying off the market. BUY NOW!
2017 was the 3rd best year for real estate sales in the Valley and realtors predict this year will be even better.
Vegas Rental Market Stats!~Commercial News
Highlights Commercial~ NAR latest Commercial Outlook
- Macroeconomic conditions continued improving at a moderate pace in the second quarter of this year.
- Demand for commercial lease space continued advancing in the second quarter of 2015, rebounding from the soft performance of the wintry first quarter.
- While construction has been ramping up across all property types, the gap between demand and supply continued to add downward pressure on availability.
- The apartment sector was the only exception, as new supply exceeded demand this year, resulting in a slight increase in vacancies.
Las Vegas Residential Rental Market Statistics 2015 – 2016
What are the rental vacancy rates in Las Vegas? 5.1%. What is the median rent in Las Vegas? $1,000. How many people live in Las Vegas? 2 million. What are the percentage of renters in Las Vegas? 48%. What is the median household income in Clark County? $51,214 .
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