Overall in Las Vegas and Henderson, Nevada real estate, we are in what is considered an extreme seller's market. While the real estate climate can fluctuate and change with financial and statistical trends, Las Vegas has seen a great amount of growth. 3.6 months of inventory exhibits the seller's market data, even though the market can be different based on demand and the quantity of homes for sale in each price range.

Various regions in Las Vegas sell at varying speeds- some of these statistics can impact the value of homes for sale in Las Vegas and Henderson, Nevada. In North Las Vegas, 429 homes sold with 3.6 months of inventory, at a median sale price of $205,000. Contrastingly, in Boulder City, Nevada there were 9 listings sold with 9 months of inventory- the average selling price was $270,000. High levels of home sales in the Southwest show 541 home sales at a median price of $245,000 after 3.83 months of inventory. These figures have drastically increased over just one period of time. Adding as much as twice the amount of active listings to the real estate pool, and cutting off months of time for inventory, the climate for home sales in the Las Vegas and Henderson, Nevada area is on the rise.

Home prices are soaring in this current sellers market and home inventory is still up, even though there have been some slight variances. In an extreme sellers market, 0-3 months of inventory is the norm, with very high appreciation. Extreme buyers markets see 12 months or more for inventory sales, with high depreciation. A balanced market generally falls somewhere in between at 6-9 months of inventory, with slight depreciation of properties. Home prices are continuing to rise, regardless of the number of home sales in certain sectors. In the current extreme seller's market climate, zip codes in and ...

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Below are highlight properties for Las Vegas Market Report October 2015. See more at the full report:
 
  Highlights Maps & Local Schools  
 
Status: Active
5722 Notte Pacifica Way, Henderson, Nevada
$395000
3 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: 1581222

Status: Just Listed
102 La Suena Ct, Henderson, NV
$234900
3 BEDROOMS
2 BATHROOMS [ 2 FULL ]
LISTING MLS ID: 1585219

Status: Coming Soon
507 Leap Frog, Las Vegas, NV
5 BEDROOMS
3 BATHROOMS [ 3 FULL ]

Status: Just Sold
1872 Claudine Dr, Las Vegas, NV
$350000
4 BEDROOMS
4 BATHROOMS [ 3 FULL, 1 (3/4th) ]
LISTING MLS ID: 0044537

Status: For Sale by Owner
10898 Carberry Hill St, Las Vegas, NV 89141
$139000

Status: Make an Offer
2747 Paradise Rd UNIT 3304,
$1.5M
3 BEDROOMS
4 BATHROOMS [ 4 FULL ]

 
See the Full Las Vegas Market Report October 2015
 
 
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Team Jenkins
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Nevada Realty Connection
702-845-8540
teamjenkinslasvegas@gmail.com
 
Information valid as of November 10, 2015. Please contact us for the most current information and status of these properties.