Las Vegas is experiencing a brisk market with homes quickly shifting from available to under contract and closed. Is it “Spring Fever” “March Madness” or will the “Ides of March” launch as the turning point and beginning of the traditional buying season with the sluggish winter months behind us?
Nearly 800 Single Family Homes sold in the last 7 days her in Las Vegas and nearly 160 Town home/Condominiums sold in that same period. That is almost 1,000 homes just last week compared to an average of 2,400 homes for a month! Stop waiting to buy, and avoid an inventory shortage! Sellers, Spring is here, strike while the iron is hot, and get your home listed for sale and see that sold sign in the yard!
Will these sales “spring” us into an early Summer home sale season? Dave Radcliffe of the Radcliffe Group of Keller Williams Realty Southwest Las Vegas brings you the latest Crystal Ball outlook for today’s changing Las Vegas, North Las Vegas, Centennial Hills and Summerlin real estate market update and local real estate home sale statistics for your area.
Inventory is moving quickly! This is great news for Las Vegas, Summerlin, Centennial Hills, and North Las Vegas Homeowners who are considering selling. Buyers are looking and ready to make an offer as interest rates are the lowest they have been in 20 plus months. With the recent FHA mortgage premium reduction coupled with the low rates, affordability has increased as buyers are getting off the couch and hitting the streets in search of their next Las Vegas address. Will your home “wow” the buyers searching in your neighborhood?
With homes moving quickly from an available to under contract, buyers have a reason to be checking with their realtor for new listings on a daily basis, and must be ready to take action and write an offer when a home is identified that fits the criteria. So it’s important to be sure you work with a qualified team, like the Radcliffe Group, that will help you determine your “needs and wants” and find a home that fits the dream.
It’s a great time to be in the market to purchase a home in Las Vegas or to sell your existing home and relocate or upgrade your home to obtain your next American dream. Take a look at the recent Las Vegas Real Estate Market Statistics for Single Family Resident home sales and Condo/ Town home sales:
Single Family Residents in the greater Las Vegas Area
7,379 on the market; with 5,518 single family homes under contract; and 1,875 that sold in the last 30 days; 797 went under contract last 7 days alone.
Condominium/ Town Homes
1909 are on the market, 999 are under contract; 463 sold in the last 30 days, and 159 went under contract in the last 7 days alone.
It’s a really hot week in Las Vegas Real Estate and the time to list your home for sale is now! The Market is heating up; get your home sold before the weather does!
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.
Tune into The Radcliffe Group YouTube channel to learn more about what is happening in your Las Vegas and Summerlin Communities. We promise to keep you updated with the latest real estate market conditions, real estate statistics and happenings in the area.
Written by Nickel Lowman
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest