Las Vegas Real Estate Market Updates and Community News

July 9, 2022

The TOP 10 THINGS you to KNOW before moving to LAS VEGAS

 

Want to know what neighborhoods are the best?

What is the weather really like in Las Vegas?

What is there to do off the strip?

What do you need when you move to Las Vegas?

What is the economy like?

Here are the TOP 10 things you NEED TO KNOW before moving to LAS VEGAS.

Learn about Las Vegas slang, the myths, and what sort of things really makeup Las Vegas living.

Which neighborhoods are the best?

What is there to do?

What is the food culture? And much more!

If you have questions or would like more information about relocating to Las Vegas, click to get in touch https://linktr.ee/valeriebrownrealestate. Also subscribe to stay up to date on all things Las Vegas Real Estate. Valerie M. Brown, Realtor at Realty Edge in Las Vegas. License S.0181740 (702) 826-1545 www.visitvegashomes.com

June 9, 2022

Luxury Homes Are in High Demand

 

Luxury 2 storyHome with large yard, pond  in front or pool and huge arch wasy

As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor. It could be a condo at a desirable city address, a spacious home on the water, or one with access to luxury activities like arts and entertainment, high-end shopping and dining, and more. The home itself will also boast some of the finest features available.

According to the Luxury Market Report from the Institute for Luxury Home Marketingthere’s been a substantial increase in how many buyers are purchasing luxury homes over the past two years. It says:

“. . . North America recorded the fastest growth of demand during the first year of the pandemic. Also, demand has . . . consistently increased, and even in April 2022, we saw a higher volume of sales compared to 2021.

If you own a luxury home, it could be a great time to list your house today while demand is so high. But first, let’s understand where the demand is coming from.

What’s Driving the Heightened Buyer Demand for High-End Homes?

The same report says more people have reached a certain net-worth threshold, and that’s contributing to the increased interest in luxury housing:

“In 2020, we saw a 2.2% growth in the number of individuals with wealth of over $5 million in net value, but in 2021 that number grew by an outstanding 19.8%.

This total increase has resulted in the introduction of over 660,000 new individuals into the high net-worth bracket, which, combined with the existing affluent looking to both diversify and add new properties to their portfolio, provides a true insight into why the demand for luxury properties skyrocketed during 2021 and into 2022.”

So, if you’re looking to make changes to your real estate portfolio or are looking to sell your current house, it may be a great time to list and benefit from the high demand for luxury homes today.

Bottom Line

If you own a luxury home and want to know how strong demand is in your area, let's connect so you can capitalize on current market conditions while buyer demand for upscale homes is so high.

June 8, 2022

7408 Via Fioretino St Las Vegas NV 89131

 

7408 Via Fiorentino is located in beautiful 𝒞𝑒𝓃𝓉𝑒𝓃𝓃𝒾𝒶𝓁 𝐻𝒾𝓁𝓁𝓈 inside the Toscana neighborhood, a gorgeous gated Toll Brothers Community in Northwest Las Vegas.

A 3 bedroom, 3.5 bathroom single-story home on 1/2 an acre, with 4,036 sqft and boasting double RV parking for two (2) 45' Recreational Vehicles, with a complete electrical hookup. The backyard is an oasis with a full-length stucco to match patio cover, an outdoor built-in kitchen, pool and spa, a separate play area, and large RV parking.

Inside is a bright open floor plan, with 12' ceilings. featuring a gourmet kitchen with a large center island, a peninsula island, and plenty of additional counter space, under cabinet lighting, stainless steel appliances, double ovens, and a large walk-in pantry. A separate formal dining room, living room, and den. The primary bedroom is spacious and large with a separate entrance to the backyard. The primary bathroom has a separate shower and soaking tub, a completely overhauled walk-in closet, and his and her sinks and vanities, The primary bedroom is separate from all the other bedrooms in the home for a retreat-like feel. The second and third bedrooms share a Jack and Jill bathroom.

This home is a wonderful escape from the bright city lights, and is close to the Gilcrease Orchard and Bird Sanctuary as well as Tule Springs.

Click or copy the link and reach out to me. I will personally reach out to you and we can get started! https://linktr.ee/valeriebrownrealestate.

 

June 5, 2022

More Inventory Is Good for Your Move Up

 

Smiling Man staring at phone sitting in front of couch on the floor

Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to move up this summer.

According to the latest data from realtor.com, the number of homes being listed for sale, known as new listings, has increased consistently this year (see graph below):

Why the Growing Number of Homes for Sale Is Good for Your Move Up | MyKCM

While this news has clear benefits for buyers who are craving more options for their home search, what does that mean for current homeowners like you? It gives you two distinct opportunities in today’s housing market.

Opportunity #1: Take Advantage of More Options for Your Move Up

If your current house no longer meets your needs or lacks the space and features you want, this gives you even more opportunity to sell and move up into the home of your dreams. As more options come to market, you’ll have more to choose from when you search for your next home.

Partnering with a local real estate professional can help make sure you see these listings as soon as they come onto the market. And when you do find the one, that professional can advise you on how to write a winning offer to seal the deal.

Opportunity #2: Sell Before You Have More Competition

Just know that, in order to make sure your house shines above the rest, it may make sense to put your home up for sale before your neighbors do the same, creating more competition in your area. The increase in the number of homes being listed for sale is expected to continue, and a recent study from realtor.com says two-thirds of homeowners looking to sell say they’ll do so by August.

A real estate professional can advise you on what you need to tackle to get your house ready to list so they can put that for sale sign up in your yard sooner rather than later. That’s because the process of getting a home ready to sell isn’t taking as long as you may think. As a result, you can capitalize on today’s sellers’ market and get ahead of the competition.

Bottom Line

If you’re a current homeowner looking to sell, let's connect to begin the process. You have a unique opportunity to benefit from the additional homes being listed today and sell before your house has more competition.

June 3, 2022

You Need an Expert To Determine the Price for Your House

Red house made with blocks 2d, and dollar sign in the middle.

 

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to come to market, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell and buy at the same time.

And here’s the thing – you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even in this competitive market, you can’t stick just any price tag on your home and get the deal you want. A key piece of the puzzle is setting the right asking price so you can help buyers notice your home (and get excited about it) from the very first time they view the listing. That’s where a real estate professional comes in.

Why Pricing Your House Right Is Important

The price you set for your house sends a message to potential buyers. Price it too low and you might raise questions about your home’s condition or lead buyers to assume something is wrong with the property. Not to mention, if you undervalue your house, you could leave money on the table which decreases your future buying power.

On the other hand, price it too high, and you run the risk of deterring buyers. When that happens, you may have to do a price drop to try to re-ignite interest in your house when it sits on the market for a while. But be aware that a price drop can be seen as a red flag for some buyers who will wonder why the price was reduced and what that means about the home.

In other words, think of pricing your home as a target. Your goal is to aim directly for the center – not too high, not too low, but right at market value. Pricing your house fairly based on market conditions increases the chance you’ll have more buyers who are interested in purchasing it. That makes it more likely you’ll see multiple offers, too. And if a bidding war happens, you’ll likely get an even higher final sale price. Plus, when homes are priced right, they tend to sell quickly.

To get a look into the potential downsides of over or underpricing your house and the perks that come with pricing it at market value, see the chart below:

Why You Need an Expert To Determine the Right Price for Your House | MyKCM

Lean on a Professional’s Expertise

There are several factors that go into pricing your house, and balancing them is the key. That’s why it’s important to lean on an expert real estate advisor when you’re ready to move. A local real estate advisor is knowledgeable about:

  • The value of homes in your neighborhood
  • The current demand for houses in today’s market
  • The condition of your house and how it affects the value

A real estate professional will balance these factors to make sure the price of your house makes the best first impression and gives you the greatest return on your investment in the end.

Bottom Line

If you’re thinking about selling, pricing your house appropriately is key. Let’s connect to make sure your house is priced right for the local market, for your home’s condition, and to stand out from the competition.

June 1, 2022

4924 Wayfaring Tree Las Vegas NV 89131

 

🔥 🏡 4924 Wayfaring Tree | 🎯𝒞𝑒𝓃𝓉𝑒𝓃𝓃𝒾𝒶𝓁 𝐻𝒾𝓁𝓁𝓈 3 Bed | 2.5 Bath | 3 Car Garage | 2,366sqft This home is located inside the beautiful 𝒞𝑒𝓃𝓉𝑒𝓃𝓃𝒾𝒶𝓁 𝐻𝒾𝓁𝓁𝓈 area. It is a 3 bedroom, 2.5 bathroom and 3 car garage. This home has updates throughout with a newer upgraded glass door design, laminate flooring, a gas fireplace, crown moulding in the common areas, plantation shutter sliding glass door, a gorgeous remodeled kitchen with upgraded countertops, refaced cabinetry, double ovens, deep kitchen sink, and a gas range. It has a formal living and dining room, while still maintaining an open floor plan layout. This home also has a spacious and separate laundry room outside the oversized highly coveted 3-car garage. The primary bedroom is ample size, with a spa-like bathroom, with a separate tiled shower and soaker tub, private water closet, and walk-in closet.

May 27, 2022

Mortgage Rates Push Buyers off the Fence

 

Why Rising Mortgage Rates Push Buyers off the Fence | MyKCM

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans.

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May 25, 2022

6925 Rancho Santa Fe Las Vegas NV 89130

 

Walkthrough Wednesday! Welcome to 6925 Rancho Santa Fe in Las Vegas Nevada 89130. This home is located in the Centennial Hills area in the Northwest part of Las Vegas. This home has 4 bedrooms, 3 bathrooms, and an insulated 3-car garage. The home is nearly 2K sqft on a large lot with a heated pool. Every detail has been meticulously tended to with well-appointed upgrades and fixtures throughout the home. Exceptional craftsmanship and gorgeous design make this home flow from one room to the next. The backyard is spacious, with a heated pool, and a covered patio. If you are thinking of putting your home on the market, buying a new home, or even moving to Las Vegas, get in contact with me to start the next chapter of your life. Click or copy and paste the link below and I will personally reach out to you and we can get started! https://linktr.ee/valeriebrownrealestate Valerie M. Brown is a licensed Realtor at Realty Edge in Las Vegas NV. License Number S.0181740. (702) 826-1545 www.visitvegashomes.com instagram.com/valeriebrownrealestate/ facebook.com/valeriebrownrealestate linkedin.com/in/valeriebrownrealestate/ twitter.com/valeriebrownre Music By: Bensound - Erf

May 15, 2022

Foreclosure Numbers Are Up, What Does it Mean?

 

Two people talking on a home porch with coffee

While you may have seen recent stories about the volume of foreclosures recently, context is important. Nationwide one in every 4,580 housing units had a foreclosure filing in April 2022.

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May 14, 2022

Should You Update Your House Before Selling?

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