by Jim Eagan | Nov 19, 2024 | Real Estate News
Notices of Default Double According to the Las Vegas Sun, In October, the median sales price of single-family homes in Southern Nevada rose to $475,531, a 5.9% increase from the previous year. Condos and townhomes reached a record high median price of $315,000, up...
by Jim Eagan | Oct 14, 2024 | Real Estate News
Real Estate Inventory Increases Slightly It’s the time of year when sales either flat line or decrease. Buyers hunker down for the holidays and historically, volume decreases and so do prices. The majority of the activity is from primary buyers – not investors....
by Jim Eagan | Sep 14, 2024 | Real Estate News
House Prices Increase In August According to LVR stats, median sales price of existing single-family homes sold in August was $476,875 which is about a 6% increase but shy of the all-time record of $482,000 from May 2022. Las Vegas also hit the top five for cities...
by Jim Eagan | Aug 15, 2024 | Real Estate News
Affordable Housing Projects The Las Vegas City Council led has voted to spend $22M for another boondoggle. Tax payers money is going to be squandered with these affordable housing projects. Whenever the government attempts to play with supply and demand (with great...
by Jim Eagan | Jul 14, 2024 | Real Estate News
Presidential Elections Presidential candidate Donald Trump’s assassination attempt was horrific but it doesn’t’ have an impact on the housing market. Despite the common belief that presidential elections might impact the housing market, data doesn’t...
by Jim Eagan | Jun 15, 2024 | Real Estate News
Condos & Townhomes Continue Increase Existing local home sales are rebounding from 2023, their slowest year since 2008 . According to the Las Vegas Sun, the median sale price of condos and townhomes in Southern Nevada reached an all-time high of $295,000 in May —...
by Jim Eagan | May 14, 2024 | Real Estate News
Condos & Townhomes Surge In Price Channel 8 and the Las Vegas Sun has reported condo and townhome prices have soared to an all-time high in April. The median has been pushed to $290,000 – up nearly 8% since 2023. Single-family homes have priced many out of...
by Jim Eagan | Apr 13, 2024 | Real Estate News
Median Prices Increase The headline in the Las Vegas Sun is a little misleading. There is a surge in luxury home prices that are pushing the median up. A third of these were paid by cash thanks to the California exodus. Meanwhile, down where “Johnny...
by Jim Eagan | Mar 16, 2024 | Real Estate News
Artificial Intelligence and Real Estate Everyone is coming to grips with this new technology and how it will be applied to real estate. Here is a fascinating article on a practical application actually developed here in Las Vegas! I even used AI to translate that...
by Jim Eagan | Feb 15, 2024 | Real Estate News
Small Decreases In Home Values Anticipated I was completely wrong in my earlier assessments of the housing market. I had predicted a sharp decline in prices after the 2022 peak. I didn’t see Wall Street snapping up all those single family homes. Consequently,...
