Great things are taking place in the Las Vegas valley.
Currently there are 8,975 Available Properties & Homes for Sale in Las Vegas. With 7,192 of the Homes for Sale in Las Vegas currently under contract/pending; 80% of the homes on the market are under contract to be sold. It makes it a great time to sell your Las Vegas home because demand is high and supply is low. Give us a call, we would be happy to help you understand your Las Vegas Home Value.
Of the 7,192 homes under contract, 67% or 4,815 of those are not short sales. So, that shows that less than a third of the properties under contract around town are short sales. This indicates we are back in a traditional market. A traditional market means the odds are in the favor of, and much easier for, first time home buyers and those families looking to get into a home using financing verses a market where investors with cash offers were beating out those who had obtained financing to purchase a Las Vegas home.
In the last 30 Days, 2,962 homes have sold in the greater Las Vegas area. Of those, 793 sold using cash (27%); while other financing made up the majority of the market. With 886 Las Vegas homes sold using FHA financing (30%), 249 with VA financing (8.5%), and 979 (33%) homes sold in Las Vegas with Conventional financing, you can see the market has shifted back to a traditional real estate market. We saw this coming in our Crystal Ball reports.
As experienced Realtors, we are seeing appraisal issues come up in today’s Las Vegas real estate market because they are frequently coming in low and under contract value. We are challenging appraisal values and requesting appraisal reconsiderations and filing complaints against Appraisers, where necessary, so your property can sell for its highest dollar possible, not at what an Appraiser wants it to be valued at. You may experience an appraisal problem if we push the market for its highest and best; rest assured, it’s Okay! The Radcliffe Group will fight on your behalf to best represent you and net you the most possible in today’s changing Las Vegas real estate market.
There are a lot of new developments taking place in the valley, as the Las Vegas real estate market is very hot! (And it’s not just because it’s summer!) There are many projects around town (some causing traffic slowdowns, but the neighborhood views are worth it, stop and enjoy the scenery.) Centennial Hills neighborhoods are seeing some of the best values in town, and Richmond American Homes, one of America’s leading home builders, has two exciting projects under construction, San Mateo with 2,230-2,950 square foot, 4-6 bedroom homes from the upper $200K’s and the luxurious Monte Bello at Summerlin community with 2,980-4,210 square foot, 3-6 bedrooms from the low $500K’s, both near Gorman High School. Soon we will be releasing a new video on the Foxtail community, premiering on the North West Side of Summerlin; Toll Brothers just broke ground on The Cliffs in Summerlin Village near Wet & Wild on the southwest side of town; and the area off Horizon Ridge in Henderson is booming as well.
Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection.
As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home.
Written by Nickel Lowman
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest