Las Vegas Real Estate News

SFRs Flat Line… Median sales prices of single family homes was only up a third of a percent compared to last year. The majority of single family homes have hovered around $220k since June 2015. We will see a light increase in August in September and then lower prices in the winter like usual.

Mortgages Are Mirroring Sales… There were 6,250 loans in Las Vegas in the first quarter, up .08 percent. Nationally, there was an increase of about 3 percent while Vegas remained flat.

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More Speculative Industrial Space in Henderson… The amount of industrial space being added in Las Vegas is surprising. What’s even more surprising is how fast they are filled. This one will have options starting at 30,000, 40,000 and 50,000 square feet with a 30-foot clear height. The building is set to break ground near the end of May and be completed in the winter of 2016.

Plywood Alternatives… We will be checking out this product for properties that we pick up to manage which are abandoned.

Downtown Gets A Theater… Yay. Another awesome project adding to the value of our investor’s real estate holdings.

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