Las Vegas Real Estate News
Las Vegas home prices up
Las Vegas’ median prices on existing single-family homes rose on an annual basis in December, while falling slightly from November’s average. The median price for existing single-family homes in Las Vegas sat at $235,000 in December — a gain of 8.3 percent over the same period last year.
New Builds Increase….
The housing market in Southern Nevada, for resale and new-home construction, is on a course to see an increase in activity in 2017. There were over 8,000 new home closings in 2017. That’s an increase over the 7,700 new homes sold in 2016. The 2016 total was also 13 percent higher than the number of new home closings in 2015.
Tourism Up to 42.9M in 2016…
Las Vegas drew a record number of visitors last year, 42.9 million people, even more than tourism officials had predicted. Yay. Bring more tourists!!
This week’s SFR recommendations – Sierra Sunrise for $140k is a good deal.
This weeks’ Commercial Recommendation.
Las Vegas, NV
Community Strip Center, 51 parking spaces, Upside potential. 4 leases are one year. 1 one lease is month to month.
Owner News 1099s
Have been mailed out this week. If you do not get your 1099 by Wednesday, February 1st, please contact your property manager. Dropbox
We will eventually faze out Dropbox as Appfolio offers the same features and is less confusing for owners. Your files will remain there until about the end of 2018. We will send you a reminder then to get what you need before it’s shut down. Limestone Changes
Airbnb We are excited to announce that this is now our 4th property management solution for single family properties. This page is an overview of how it works.
Recent squatter removal video.
Evictions and how they work