Robin Smith, Las Vegas Builder Trade In

by Builder Trade In Program Sep 12, 2019

REAL ESTATE MARKET FIGURES FROM GLVAR

The Greater Las Vegas Association of Realtors (GLVAR) released a report last Friday that indicates the real estate roller-coaster ride we have experienced the last several years has slowed down.

The median price for existing single-family homes in Southern Nevada sold through the MLS in the month of August 2019 was $305,000.  Last August, the median price was $295,000, a 3.4 percent difference year-to-year.

In the condo and townhome market, the median price this August was $177,000 – up by 4.1 percent from last year when the median price was $169,950.

Janet Carpenter, 2019 GLVAR President, stated “If you look at a graph of our local home prices over the past 15 years or so, it looks like a roller coaster, soaring though the mid 2000’s and then falling during the Great Recession before ramping back up from 2012 until now.  If you look at it that way, I guess you can say we’re coasting along right now.”  Home prices in the Las Vegas Valley are still appreciating from last year, however at a rate more in line with historic averages.

If you own an existing home in the Las Vegas Valley and are looking for a newly built home contact the Smith Team – we operate the Nevada Builder Trade In Program. We work with Century Communities, Pulte Homes and Woodside Homes, as well with other builders other than our builder partners that are sitting with standing inventory and we offer similar benefits as the Nevada Builder Trade-In Program.

Keep in mind that whether you are interested in buying a home or selling a home, a Realtor should represent you– this person is working for your benefit and will help you navigate through the buying or selling process.  I have thirteen years in New Home Sales and seventeen years in General Real Estate sales!

I am here to answer any questions you might have - just email or call me.

I Sell Las Vegas!

Thanks and make it a terrific day…………Robin  

 

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