The Las Vegas metro area’s most expensive homes range from $260,340 in Laughlin to $551,751 in Mount Charleston. Home values have generally increased over the past five years, with Laughlin seeing a 50.3% rise and Las Vegas a 48% rise. High mortgage rates at 6.83% and record home prices impact affordability. Location, size, age, and condition influence home values across these cities. Continue...
2025
Moapa: Typical home value: ~$400K Yearly price change: +10.0% Logandale: Typical home value: ~$497K Yearly price change: +6.9%...
To improve your chances of getting an insurance claim paid, understand your insurance program and coverage thoroughly. Review policies and ask questions about coverage for different loss scenarios. Involve your insurer promptly after a loss, as timely notice is crucial. Never accept an initial denial; advocate for your coverage with your broker or a coverage attorney. Pay attention to...
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods. Anna Jarvis’s lobbying...
Home prices in the Las Vegas metro area continue to rise despite slower growth due to higher mortgage rates. The typical U.S. home value is $359,741, up 1.2% year-over-year. Cities like Moapa (+9.4%), Logandale (+6.2%), and Henderson (+4.5%) show notable price increases. Mount Charleston remains the most expensive city with a typical home value of $551,751. Continue to full article...
Las Vegas Valley has underbuilt homes for 15 years, with a 64% drop in permits since 2010, far exceeding the national average decline. Challenges include limited federally controlled land, high land and construction costs, labor shortages, and tight credit. Home prices have risen sharply, reaching record highs. Experts stress the need to release federal land and reduce development barriers to address...
In March, Las Vegas home prices rose slightly to a median listing price of $469,900, with a 0.2% increase in price per square foot, lagging behind the national 1.6% rise. Listings grew 7.3% from the previous month and 73.8% year-over-year, with 5,399 homes for sale. Homes sold in an average of 43 days, faster than last month but slower than last year, compared to 53 days nationally. Continue to...
Active listings ↑ 67.8% yearly New listings ↑ 14.2% yearly Median price $470K no change Price per sq. ft. ↑ 2.2% yearly Median days on market: 44, ↑ 6 days New listings ↓ 13.0%...
Nevada's economy faces mixed growth with a 5.8% unemployment rate, highest in the US, and Las Vegas-Paradise MSA at 5.9%. Employment in leisure and hospitality declined recently. Over $4bn from the Infrastructure Investment and Jobs Act aims to boost construction, though private commercial projects are cautious. Key challenges include labor shortages, material supply delays, and lengthy permitting...
In 2024, Southern Nevada saw a total of 31,305 homes, condos, and townhomes sold, up from 29,069 in 2023, marking a recovery from the lowest sales since 2008. The median sales price for single-family homes rose to $475,000 in December, a 5.6% increase from the previous year. The year ended with 4,965 single-family homes and 1,763 condos and townhomes listed without offers, reflecting significant...