Nevada Real Estate market update. Economic Housing Market for Greater Las Vegas, Nevada authored by Matthew Gardner, Chief Economist for Windermere Real Estate. Separate from the economic overview the report offers a glimpse into recent home sales activity for 2017. Annual change in home sales by comparison of Q3-2016 to Q32017 by community. Highest change experienced by The Lakes of 20.2% and lowest change experienced by a community is Queensridge which had -9.8%. Click on the picture to access the complete report.
The take away is that inventory remains low throughout the Greater Las Vegas area. This means if you are an investor demand will lesson as we enter the holiday season. Home buyers may reveal in less competition as not so many buyers stay focused to purchase their dream home at the end of the year.
Owners and tenants are not as eager to show occupied property during the holidays because of holiday entertaining demands. On the other hand an inviting home decorated for the holidays may put any buyer in a festive move as one envisions her family living in such a home
How Much Equity Do I Have? Interested in how your neighborhood is performing by zip code or property type contact Teresa today for an appointment to schedule a private equity position appointment.