Looking year-over-year, the number of single family escrows opened and homes closed have been more than respectable. Closings are up nearly 20% year-over-year when measured in July and the year-to-date numbers are solid also. Price increases have moderated and we believe this is a welcome pause after the consistency in vibrant price increases. We have already experienced more price amplification than we expected back in Ja... read more
Buying a newly constructed home is exciting. You get to design your dream home from the ground up; from choosing your home site, your model, interior finishes and upgrades. You don’t have to drive far to see newly constructed homes and neighborhoods popping up across the Las Vegas valley. There are a variety of builders, neighborhoods and models to choose from.
Like any home purchase, buying new construction is serious business--an expensive transaction with many financial implications. You may have heard ... read more
“Is the market still struggling?” If we had a nickel for every time that question was asked, we could….go buy a piece of real estate. The answer to that question is a resounding, “no!”
The Las Vegas real estate market has been resurging for the last three years or more with strong sales, a drastic decrease in distressed inventory and steady home price gains in both the residential and the commercial markets. This trend is not stopping any time soon and is ... read more
Although for sale inventories of existing homes in Las Vegas are elevated above the lows of last year, new homes remain a sought after option by many buyers. We have many buyers that have either recently closed on a home or have homes waiting to be built. Coinciding with this demand, incentives have been falling. Traffic levels have subsided generally, throughout the Valley but there are some home types that continue to receive a lot of interest. Single story homes with more than two garage bays have been gett... read more
I am very pleased to report the Providence Builder Expo was a great success. It was standing room only with over 80% atendance at our meeting, plus several guests from other real estate companies curious to see what we’re up to out here in Centennial Hills. All the Providence Builders were present and had timely information to share with our group. Also in attendance were representatives from Focus Property Group (The Master Developer of Providence) as well as the President of the Providence Master HOA who sh... read more