Coldwell Banker Premier Realty - Mason Richburg

Mason Richburg Blog

September Single Family Update

Prices Flat, Sales Decline, Many Homes Still Sell Quickly
Posted by John McClelland on October 11, 2016 in No Category

  • We are starting to see seasonal declines in sales rates
  • Prices continue to be flat
  • Inventory remains relatively low
  • Marketing times are starting to move off of very low boundaries

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Las Vegas Monthly Market Update - October 2015

A Look into Las Vegas' Real Estate Market
Posted by Coldwell Banker Premier Realty on October 31, 2015 in No Category
October 2015 Following a significant increase in single family home prices over the summer, recent price growth is more tempered and flattening.  In our opinion, this pause in price growth is welcome since we do not want to see prices exceed the basic fundamental measures that drive the market long-term.  We typically see closings subside this time of year and 2015 continues this pattern, however, both escrows opened and the number of closed ho... read more
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Las Vegas Monthly Market Update - September 2015

A Look into Las Vegas' Real Estate Market
Posted by Coldwell Banker Premier Realty on September 24, 2015 in No Category
September 2015 As we enter fall, there are a few things that we typically observe. One is a buildup in inventory which is often the result of slower sales rates. Another market feature that we often observe is an increase in days on market. This market mechanism, which manifests as strong seasonal patterns, often results in more moderate price changes during the fall months, as demand softens and available supply expands. August figures, which are revealed be... read more
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Las Vegas Monthly Market Update - August 2015

A Look into Las Vegas' Real Estate Market
Posted by Jesse Olive on August 24, 2015 in No Category
AUGUST 2015 Looking year-over-year, the number of single family escrows opened and homes closed have been more than respectable.  Closings are up nearly 20% year-over-year when measured in July and the year-to-date numbers are solid also.  Price increases have moderated and we believe this is a welcome pause after the consistency in vibrant price increases.  We have already experienced more price amplification than we expected back in Ja... read more
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Las Vegas Monthly Market Update - June 2015

A Look into Las Vegas' Real Estate Market
Posted by Jesse Olive on June 25, 2015 in No Category
MARKET STATS So far 2015 is looking a lot like 2014 in terms of closings. Both single family homes and condominiums are very close to 2014 levels between January and May. However, the type of buyer has been shifting with prices ratcheting higher during the past year. Investors now make up a relevant but declining share of closings and the higher prices have likely tempered some first-time buyer interest although low interes... read more
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