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Las Vegas Luxury Real Estate Market Update March 2014

Las Vegas Luxury Real Estate Market Update March 2014

Las Vegas Luxury Real Estate Market Update March 2014 The Las Vegas luxury real estate market is not immune to the changes felt in the general real estate market. Some of these changes experienced in the past 18 months include the increase in inventory levels and days on market. Sellers will have to play strategically and price their homes aggressively if they want to get noticed in the current Las Vegas real luxury real estate market.

In this video, you’ll see:

  • How many short sales and foreclosures are on the Las Vegas luxury real estate market and how these will impact the sellers and buyers in the luxury sector.
  • What’s going on in the $500,000-$1Million, $1Mil-$2Million and $2Million and above price points of the luxury real estate market.
  • Dale’s pulse on the current market.

 

Watch these Videos

[youtube http://www.youtube.com/watch?v=RQapzXCbLJ4]

Free Video Transcript Download Las Vegas Luxury Real Estate Market Update – Part 1 – March 2014 Video Transcript

[youtube http://www.youtube.com/watch?v=ui_-0so9A2k]

Free Video Transcript Download Las Vegas Luxury Real Estate Market Update – Part 2 – March 2014 Video Transcript

A Quick Look at the Las Vegas Luxury Real Estate Market at different Price Points

  • $500,000 – $750,000- 48% increase in home sales, 60% increase in inventory, 9.6 months supply of inventory.
  • $750,000 – $1 Million- 68% increase in home sales, no significant increase in new listings, 10 months supply of inventory.
  • $1 Million – 2 Million- no significant change in home sales, 41% increase in inventory, 15 months supply of inventory.
  • $2 Million and up-  no significant change in home sales, 40% increase in inventory, 25 months supply of inventory.

If you’re looking for a full report on what’s happening in the Las Vegas luxury real estate market, watch Part 1 and Part 2 of this video series.

If you’re considering selling, reach out to us. We can help you arrive at a pricing strategy that will help you successfully sell your home in today’s market. If you’re a buyer, we can give you a lot of options and help you get the home of your dreams.  Contact us today!

Items mentioned in the video and other useful resources:

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