LasVegasHomesbyLeslie.com - Fall 2021 Newsletter
Fall Home & Condo Prices Climbing!
Greetings!
This Fall, real estate trends in Las Vegas have been characterized by increased closings, higher prices and quick sales. Real estate sales and prices in Las Vegas continue to be on the rise for both single-family homes, condos and townhomes.

Below find a Fall market snapshot for Las Vegas real estate that includes:
  • # of closings for homes and condos
  • New listings
  • Price increases
  • Availability

Click through to the full report to see price trends since 2014. If you're an existing homeowner - you'll be very happy you purchased when you did. If you still haven't taken the leap - interest rates are better than ever and make it easier to getting into the home or condo market.

We've also had increased interest in golf communties. I've also included a link to the 2021 Top Selling Golf Communities in Las Vegas & Henderson.

As always, let me know if you have any questions or comments. I'm here to help.

Leslie Hoke
Las Vegas Fall 2021 Market Snapshot
Single Family Home Sales - November 2021 vs 2020
Sales for single-family homes in November 2021 were up 7.8% compared to 2020.

Median Prices of the units sold were up 21.7%. the number of New Listings were only up 3.1%.

Available Units down -25.3% as the market continues to struggle for inventory. There is less than 1 month of available homes for sale.

Condo/Townhome Sales - November 2021 vs 2020
This November, Median Prices for condo sales increased by 20.2%.

But this didn't hinder sales which were up an impressive 18.7% from November 2020.

Also struggling with only .6 months of available inventory, there were only 6.4% more New Listings and down -61.6% of Available Units.

Quick Sales
These were Las Vegas homes that sold this November in less then 1 week!

The bidding process is getting so competitive. I advise any prospective buyers to get your finances organized and pre-approval from your bank before submitting an offer. 
Lynbrook Home Sold After 1 Day on Market for
$16K Over Asking Price!
This single-story home in Lynbrook went under contract on the first day and closed in under a month. The final selling price was about 5% over asking. That's one happy seller and a buyer who can move in and enjoy their new home before the holidays.

Lynbrook is a gated community in 89131 zip code with several wooded parks with water features and walking trails for strolling, jogging or biking. Primarily a single-family home community, Lynbrook real estate provides its residents with natural serenity, while still being close to the city. 

Under Contract in 4 Days! Home in Charleston Heights, Las Vegas
This is a great single story home located on a cul-de-sac and centrally located to all amenities including freeway, strip, shopping, eateries, etc. Tile flooring, kitchen with granite counters, tiled backsplash, upgraded cabinets, fireplace, enclosed patio, and 4th bedroom with it's own bathroom and entry.
Top Selling Golf Communities in Las Vegas & Henderson
With over 50 courses spread throughout Las Vegas Valley, and 10 courses in Summerlin alone, there is huge potential for residential golf communities. The level of play, thoughtful design, incredible surroundings and top-rated amenities contribute to a lifestyle that is second to none.

Popular Las Vegas Searches
Considering Putting Your Home on the Market?
  If you've been considering selling your home - there is a need for inventory. I'd be happy to give you an idea of a selling price based on your property in today's market.

Let me know how I can help! 


Leslie Hoke, Premier Realty Group
702.321.1763
LasVegasHomesByLeslie.com
License #S.0062628
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