Las Vegas Real Estate News
The median sales price of single-family homes in Southern Nevada in July was $236,000, up 0.4 percent from June and 7.3 percent from a year ago. First time home buyers are getting killed the most as the less expensive homes are far and few between.Multi family building surges
Las Vegas apartment developers are some of the busiest builders in the valley, opening projects that often charge above-average rents and offer a big menu of amenities. Some 3,000 apartments hit the market valleywide last year and 4,500 are expected this year. Most of these large projects are in the suburbs. I think they are over building which will keep pressing rents lower.
BLM draft doesn’t account for potential growth
Industrial market slows, stays positive in the second quarter
Las Vegas multifamily market a good bet: report
Here is the top 10 properties you should consider purchasing for lease/options.
Flipping Opportunities
An investor from California has approached us to let these go at a bargain. They were not managed properly and these are rare flipping opportunities for investors who want to roll their sleeves up. Jeff Dr would be a good lease/option property as well.
| Address | Beds / Bath / Gar | List | Repairs | Comps | Pool | |
| 5545 Harris Ave | 4 / 2 / 0 | $140,000 | $50,000 | $250,000 | Yes | Video |
| 5320 Jeff Dr | 3 / 2 / 2 | $70,000 | $46,000 | $140,000 | No | Video |
| 5137 Margo | 3 / 2 / 0 | $60,000 | $40,000 | $150,000 | Yes | Video |
Property Management Info
Property Management Software Change – We are still testing and checking out property management software. Since ours is beginning to stabilize, we may not change at all.
Luiza Hunanyan – Has joined Limestone as another member of our maintenance team. She handles all the HOA love letters that we get nearly on a daily basis.
Popular Links
Recent squatter removal video.
Evictions and how they work