Las Vegas Housing Market &ndash August 2015 (Las Vegas, NV)

Las Vegas Housing Market &ndash August 2015

Las Vegas Housing Market The Las Vegas housing market was one of the top cities effected by the recession. Foreclosure rates were through the roof and consequently many Las Vegas residents lost their home. The recovery of the housing market in Las Vegas has been gradual but home prices in certain areas are rising to their previous height and the real estate market is thriving again. Below is a report of the state of the current Las Vegas housing market. In August of 2015 2246 homes were sold in the Las Vegas housing market. This number decreased from the previous month July where 2517 homes were sold. The number of condos sold in August also decreased from July by 17. The decrease in homes sold can be affected by the start of school in August. Those with children likely want to be settled in before the start of the new school year. The number of homes that were sold as short sales has decreased by 49 227 short sale homes sold in July while only 178 short sale homes sold in August. Townhouses actually increased this month from 162 sold in July to 178 sold in August. 23% of the homes sold in August had pools. There were 208 repossessed homes sold in August which declined from the 251 sold in July. Las Vegas housing market by price point Of the homes sold in August 14% were homes under 100 000. Homes priced between 100 000 and 200 000 had the highest amount of sold homes for short sales and traditional sales. 1 089 traditional homes sales and 99 short sales were sold priced between 100 000 and 200 000 making it over half (52%) of all homes sold in Las Vegas. Homes between 200 00 and 300 000 made up 34% of the homes sold in Las Vegas. 291 homes priced between 300 000 and 400 000 were sold during the month of August while 106 homes sold for 400 000 to 500 000. Only 1 home priced between 500 00 and 600 000 was sold as a short sale and 36 homes in that price point were traditional sales. While no home above 600 000 sold as a short sale 28 homes sold traditionally between 600 000 - 700 000. .2% of homes sold in Las Vegas were priced between 800 000 and 900 000 and only .1% were priced between 900 000 and 1 million and 14 multi-million dollar homes sold in the month of August. Las Vegas housing market by Community Las Vegas housing market for Aliante 39 homes sold in the community Aliante in August. Aliante is a gorgeous master planned community developed in North Las Vegas near the Sheep Mountains. The average listing price is 289 821 the highest listing price is 475 000 and the lowest listing price is 169 900. Aliante is primarily located in the 89084 zip code. See all the newest homes for sale in Aliante here. Las Vegas housing market for Alta Mira 1 home sold in the community Alta Mira in August. Alta Mira is a well maintained master planned community just north of Decatur Blvd. its approximately 0.483 square miles and has a population of around 2 466. Alta Mira is located in the 89130 zip code and has an average listing price of 197 646. Homes for sale in Alta Mira have 3-4 bedrooms and 1-2 bathrooms. To see all the newly listed homes in Alta Mira . Las Vegas housing market for Arlington Ranch 2 homes sold in the community Arlington Ranch in the month of August. Arlington Ranch is a single-family home to townhome gated community located west of Mountains Edge in Las Vegas. Homes for sale in Arlington Ranch range from 1 060 sq ft to 3 400 sq ft and have median list price of 262 400 and an average price of 69 per sq ft. The average days on market for homes in Arlington Ranch is 17. Homes for sale in Arlington Ranch. Las Vegas housing market for Canyon Gate 3 homes sold in the community Canyon Gate in the month of August. The median sales price for homes in Canyon gate is 265 000 which is 35% higher than the median sales price for Las Vegas. The Average price per sq ft for Canyon Gate is 130 and the average rent in Canyon gate is between 1 600 and 3 230. See all homes for sale in Canyon Gate. Las Vegas housing market for Centennial Hills Centennial Hills featured listing 27 homes sold in the community Centennial Hills in August 2015. There are 54 active listings in Centennial Hills. The Average price is 370 792 the highest listing price is 875 001 and lowest listing price of 144 900. Las Vegas housing market for Coronado Ranch 12 homes sold in the community Coronado Ranch in the month of August 2015. Coronado Ranch is located between Southern Highlands and Rhodes Ranch golf Community in the 89139 zip code area. Coronado Ranch has 2 story homes with 3-4 bedrooms 2-3 bathrooms and 2 car garages in a 24 hour guard gated community. Homes for sale in Coronado Ranch. Las Vegas housing market for Desert Inn 1 homes sold in the community Desert Inn in August. See homes for sale in Desert Inn. Las Vegas housing market for Desert Shores 24 homes sold in the community Desert Shore in August. Desert Shores is a master planned community located in NW Las Vegas in 1988 in the 89128 zip code. From condos to gorgeous luxury homes there is a place for every home owner in the Desert Shores community. See homes for sale in Desert Shores. Las Vegas housing market for Eldorado 16 homes sold in the community Eldorado in August. Eldorado is located in the far north of the valley in North Las Vegas. The average listing price for Eldorado is 258 930 the lowest listing price is 154 990 and the highest listing price is 430 000. Eldorado homes have 3-5 bedrooms and 2-4 bathrooms. See homes for sale in Eldorado. Las Vegas housing market for Elkhorn Ranch 2 homes sold in the community Elkhorn Ranch in August. Elkhorn Ranch is located in 89149 and consist of two neighborhoods Twilight (single family homes) and High Noon (condos). See homes for sale in Elkhorn Ranch. Las Vegas housing market for Elkhorn Springs 6 homes sold in the community Elkhorn Springs in August 2015. Located in the NW portion of the Valley close to Mount Charleston and ski resorts Elkhorn Springs is a small intimate community with 500 homes in 89131. The average price of homes for sale in Elkhorn Springs is 265 200 the lowest listing price is 195 900 and the highest listing price is 390 000. See homes for sale in Elkhorn Springs. Las Vegas housing market for Iron Mountain Ranch 17 homes sold in the community Iron Mountain Ranch in August. Iron Mountain Ranch is small master planned community in the NW side of the Valley in the 89131 zip code. Iron Mountain Ranch is a gated neighborhood with 4 wodded parks walking paths and ponds and brooks. The average price of homes in Iron Mountain Ranch is 303 933 the lowest listing price is 160 000 and the highest listing price is 535 000. See homes for sale in Iron Mountain Ranch. Las Vegas housing market for Las Casitas 2 homes sold in the community Las Casitas in August. See Las Casitas homes for sale. Las Vegas housing market for Las Vegas Country Club 6 homes sold in the community Las Vegas Country Club in August. Las Vegas Country Club has a median list price of 317 000 and 160 per sq ft. See Las Vegas Country Club homes for sale. Las Vegas housing market for Lone Mountain 12 homes sold in the community Lone Mountain in August 2015. Lone Mountain is located in the 89129 zip code and have homes with 3-5 bedrooms and 2-4 bathrooms. See homes for sale in Lone Mountain. Las Vegas housing market for Lone Mountain West 8 homes sold in the community Lone Mountain West in August. Lone Mountain West is located in 89129. See Lone Mountain West homes for sale. Las Vegas housing market for Los Prados 6 homes sold in the community Los Prados in August. Los Prados is a guard gated age restricted 55 community. It has 1 358 total homes a variety of homes ranging from 1 083 sq ft to 3 300 sq ft 2-4 bedrooms and 2-4 bathrooms and a golf course owned by community residents. See homes for sale in Los Prados. Las Vegas housing market for Lynbrook 5 homes sold in the community Lynbrook in August 2015. Lynbrook is a small master planned community on the NW side of Las Vegas in 89131. It s gated a gated community with an average price of 293 971 the highest listing price is 419 999 and the lowest listing price is 209 900. See Lynbrook homes for sale. Las Vegas housing market for McNeil 2 homes sold in the community McNeil in August. McNeil is located in 89102 and has a majority of single story homes with 3-5 bedrooms and 2-4 bathrooms. The Median list price is 330 000 and has a median sale price of 313 000. See McNeil homes for sale. Las Vegas housing market for Mountains Edge 63 homes sold in the community Mountains Edge in August. Mountain s Edge is a beautiful community located in Southwest Vegas. This region is a master planned community which was envisioned by Focus Property Group. There are currently 52 neighborhoods in Mountain s Edge. These neighborhoods make up over 14 000 homes located in Mountain s Edge. See homes for sale in Mountains Edge. Las Vegas housing market for North Shores 3 homes sold in the community North Shores in August. North Shores has a population of 3 901 residents with about 61% being homeowners. The median list price is 219 900 the median price per sq ft is 117. Homes in North Shores have 2-5 bedrooms. See North Shores homes for sale. Las Vegas housing market for Nevada Trails 11 homes sold in the community Nevada Trails in August. Nevada Trails is in the 89113 zip code in Las Vegas. The median list price for homes for sale in Nevada Trails is 387 925 and 133 per sq ft. Homes in Nevada Trials have 3-5 bedrooms and 2-4 bathrooms. See Nevada Trails homes for sale. Las Vegas housing market for Painted Desert 16 homes sold in the community Painted Desert in August 2015. Painted Desert is an elegant guard gated golf course community located on 460 acres on the NW side of the Valley in the 89149 zip code. The average price of homes in Painted Desert are 338 455. The highest listing price is 669 000 and the lowest listing price is 180 000. See homes for sale in Painted Desert. Las Vegas housing market for Peccole Ranch 8 homes sold in the community Peccole Ranch in August. Peccole Ranch is a community located SW between the Lakes and Summerlin. Homes for sale in Peccole Ranch have an average price of 306 755 with the highest listing price of 565 000 and the lowest at 125 000. See homes for sale in Peccole Ranch. Las Vegas housing market for Providence 47 homes sold in the community Providence in August. Providence is a master planned community on 1 200 acres in the NW corner of the Las Vegas Valley in the 89166 zip code. Providence has 30 distinct neighborhoods and approximately 7 500 residence. The average price of a Providence home for sale is 284 305 the highest listed price is 579 900 and the lowest listed price is 166 000. See homes for sale in Providence. Las Vegas housing market for Queens Ridge 1 home sold in the community Queens Ridge in August. Queensridge is located in the 89145 Las Vegas zip code. The oopulation of Queensridge is 25 476 with a median age of 34. Queensridge has an average household net worth of 459 695. The median household income is 61 412 while the average household income is 81 556. See Queens Ridge homes for sale. Las Vegas housing market for Rancho Las Palmas 2 homes sold in the community Rancho Las Palmas in August 2015. Las Vegas housing market for Red Rock Country Club 6 homes sold in the community Red Rock Country Club in August. This gated luxury village located in Summerlin features amazing homes which surround the Red Rock Country Club golf course. The homes located in this village are strictly Summerlin luxury homes. If you are looking for an exclusive feel when searching for your next Summerlin luxury home then Red Rock Country Club is the village for you. See Red Rock Country Club homes for sale. Las Vegas housing market for Rhodes Ranch 21 homes sold in the community Rhodes Ranch in August. Rhodes Ranch is a guard gated community with 1 330 beautiful acres located in the SW section of Las Vegas in the 89148 zip code. The average price of homes for sale in Rhodes Ranch is 397 316 the highest listing price is 799 000 and the lowest listing price is 195 900. See homes for sale in Rhodes Ranch. Las Vegas housing market for Shadow Hills 6 homes sold in the community Shadow Hills in August. Shadow Hills is located in 89129 and has a median list price of 297 250 117 per sq ft. See homes for sale in Shadow Hills. Las Vegas housing market for Southern Highlands 38 homes sold in the community Southern Highlands in August. Southern Highlands is a region of Las Vegas which is known for its golf courses which are some of the finest in the nation. Homes in this area tend to be larger than the rest of Las Vegas and the average price range is over 100 000 more than Las Vegas s average house price. These communities have highly rated homeowner associations which take pride in the area and ensure that the common grounds are maintained according to the highest standards. 89% of homes for sale in Southern Highlands are traditional sales which is a very high percentage in Las Vegas. This indicates that the real estate market in this area is stable and that those purchasing Southern Highlands homes for sale have steady jobs and income. 3.5% of Southern Highland homes for sale are REO or bank owned homes. 7.5% of homes for sale in Southern Highlands are short sales. The average price range for homes for sale in Southern Highlands is 305 000. See homes for sale in Southern Highlands. Las Vegas housing market for Siena 13 homes sold in the community Siena in August. Siena is a guard gated community located in southwest Las Vegas that has about 1800 homes. Home buyers in Siena can select from 4 attached villas and 14 single family floor plans. Average Villas range from 1 040 to 1 378 sq ft and feature one or two bedrooms 1.5 or 2 bathrooms and an attached 2 car garage. See Siena homes for sale. Las Vegas housing market for Silverado Ranch 58 homes sold in the community Silverado Ranch in August. Silverado Ranch has many housing options ranging from condominiums and town homes to single family homes. The average price for a home for sale in Silverado Ranch is 286 146 the highest listed price is 679 000 and the lowest listed price is 142 500. See homes for sale in Silverado Ranch. Las Vegas housing market for Silver Springs 2 homes sold in the community Silver Springs in August 2015. Silver Springs is located in 89123 and has homes with 2-4 bedrooms and 1-3 bathrooms. See homes for sale in Silverado Springs. Las Vegas housing market for Silverstone Ranch 12 homes sold in the community Silverstone Ranch in August. Silverstone Ranch is a newer master planned golf course community in NW Las Vegas in 89131. The Average price for homes for sale in Silverstone Ranch is 345 621. The highest listed price is 925 000 and the lowest listed price is 186 999. Homes for sale in Silverstone Ranch range from 1 558 sq ft to 3 448 sq ft. See homes for sale in Silverstone Ranch. Las Vegas housing market for South Shore 11 homes sold in the community South Shore in August. South Shore is a master planned community made up of single family homes. This community is located within the NW Las Vegas valley near Desert Shores and Summerlin. See homes for sale in South Shore. Las Vegas housing market for Southern Terrace 2 homes sold in the community Southern Terrace in August 2015. Southern Terrace is a community in the SW part of Las Vegas. Homes in Southern Terrace are 3-5 bedroom and 2-4 bathrooms. See homes for sale in Southern Terrace. Las Vegas housing market for Spanish Oaks 2 homes sold in the community Spanish Oaks in August. Spanish Oaks is in the 89102 zip code. Homes for sale in Spanish oaks have 2-5 bedrooms and 3-5 bathrooms and have a median list price of 389 000. See Spanish Oaks homes for sale. Las Vegas housing market for Spanish Trails 6 homes sold in the community Spanish Trails in August. Spanish Trails is located in the 89113 zip code and was developed in the 1980 s and was one of the first true private guard gated golf communities in Las Vegas. The average list price for Spanish Trails is 1 211 144 and the highest list price is 9 000 000. There are 1 252 homes in this elegant community a fitness center two pools and spas and The Spanish Trails Golf & Country Club with over 640 acres and a private 27 hole course. See homes for sale in Spanish Trails. Las Vegas housing market for Spring Valley 25 homes sold in the community Spring Valley in August. Spring Valley is a community in Las Vegas with a population of about 178 395 people. It s among those of the most popular neighborhoods in Las Vegas. The average price for a home in Spring Valley is around 329 596. The Median Sales Prices of homes in Spring Valley is 179 000 which has increased 6.2% since last year. See homes for sale in Spring Valley. Las Vegas housing market for Spring Mountain Ranch 11 homes sold in the community Spring Mountain Ranch in August. Spring Mountain Ranch is a master planned community of single family located in the 89143 zip code. There are 2 075 homes in Spring Mountain Ranch ranging from 968 sq ft to 6 087 sq ft. The median sale price of homes for sale is 156 000. See Spring Mountain Ranch homes for sale. Las Vegas housing market for Stallion Mountain 11 homes sold in the community Stallion Mountain in August. Stallion Mountain is a golf course community on the SE edge of Las Vegas. The average price of homes for sale in Stallion Mountain is 224 528. The highest listed price is 379 900 and the lowest listed price is 164 900. Stallion Mountains has 4 neighborhoods The Fiarways which is located alone the golf course and houses range from 1531 sq ft to 2300 sq ft. The Links homes range from 1190 sq ft to 1619 sq ft. The Greens which offers the largest homes ranging from 2476 sq ft to 2881 sq ft. and Black Hourse which offers condos ranging from 935 sq ft to 1196 sq ft. See Stallion Mountain homes for sale. Las Vegas housing market for Summerlin 138 homes sold in the community Summerlin in August. Summerlin has a wide variety of housing options. Many luxury homes are found in Summerlin and many of Summerlin s subdivisions are gated communities providing its residents with quiet safe neighborhoods. Summerlin s luxury homes for sale reach up into the millions but there are also high end condos listed below 150 000. See homes for sale in Summerlin.