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HomePosts Tagged "market"

Stories tagged with: market

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Las Vegas Used Car Market Faces Decline in Affordable Options Amid Rising Prices

Wednesday, July 2 by Nick Bonsanto
The used car market has undergone significant changes over the past few years, particularly in Las Vegas, where the availability of vehicles priced under $20,000 has sharply declined. Pete Kelly, a used car manager in Las Vegas, notes that he hasn't been able to... Read More.

Las Vegas Housing Market Shifts: Record Inventory and Stabilizing Prices Amid High Mortgage Rates

Thursday, June 19 by Nick Bonsanto
The Las Vegas Valley housing market is experiencing a significant shift, with nearly $7 billion worth of homes on the market, the highest ever recorded, according to Redfin. This reflects a stabilization in the local market after years of volatility post-Great Recession. Despite the... Read More.

Rising Condo Prices and Market Shifts in Southern Nevada

Tuesday, June 17 by Nick Bonsanto
Condo and townhouse prices in Southern Nevada are experiencing an upward trend, with the median price reaching $307,000 in May, marking a 1.4 percent increase from April and a 4.1 percent rise compared to the previous year. Despite the price increase, only 559 units... Read More.

Rising Home Sales Cancellations Hit Las Vegas Amid Market Volatility

Tuesday, May 27 by Nick Bonsanto
Home sales cancellations have been on the rise across the U.S., with Las Vegas experiencing a particularly high rate of nixed deals. In April, around 56,000 home-purchase agreements were canceled nationwide, representing 14.3% of homes that were under contract, as reported by Redfin. This... Read More.

Southern Nevada Home Market Sees Price Dip Amidst Inventory Surge

Tuesday, May 6 by Nick Bonsanto
Home prices in Southern Nevada have seen a slight decrease from their record highs earlier in 2025, according to data from Las Vegas Realtors. In April, the median sale price for homes was $480,000, a $5,000 decrease from the peak at the start of... Read More.

Las Vegas Industrial Real Estate Faces Record High Vacancies Amid Market Adjustments

Monday, April 28 by Nick Bonsanto
The Las Vegas Valley's industrial real estate market is experiencing its highest vacancy rate in 11 years, reaching 9.5% in the first quarter, according to a report by CBRE Group Inc. This increase follows a period of significant construction and financial activity between 2021... Read More.

Las Vegas Housing Market Faces Longer Sale Times Amid Rising Demand and Prices

Thursday, April 24 by Nick Bonsanto
Homes in the Las Vegas Valley are staying on the market longer than the national average, with an average of 44 days compared to the national average of 37 days. This places Las Vegas, along with Memphis and Dallas, at the 13th longest time... Read More.

Las Vegas Real Estate Market Faces Price Cuts and Buyer Hesitation Amid Mortgage Rate Concerns

Wednesday, April 2 by Nick Bonsanto
The real estate market in Las Vegas Valley is experiencing a notable shift as home sellers are increasingly reducing prices, yet buyers remain hesitant, according to a Zillow report. In February, 18.5% of listings saw price cuts, marking a 12.8% rise from the previous... Read More.

Clark Countys Largest Homeowner: Hedge Funds Influence on Nevadas Housing Market

Monday, March 31 by Nick Bonsanto
An investigation into property records suggests that Pretium Partners, a New York-based hedge fund, is likely the largest homeowner in Clark County, Nevada. Their subsidiary, Progress Residential, reportedly owns over 3,000 homes in the area. Despite Pretium's lack of confirmation on exact numbers, the... Read More.

BLM Land Sale Nets $16.5 Million, Exceeds Market Value

Thursday, March 20 by Nick Bonsanto
The Bureau of Land Management conducted an online land sale in the Las Vegas Valley, generating over $16.5 million. Out of the ten parcels listed, eight were successfully sold, covering a total of 41.85 acres. The sale exceeded fair market value by more than... Read More.
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