The Little Team Real Estate Blog

In case you missed it, a brand new gated community is scheduled to debut next month in The Cliffs of Summerlin, and one we think many home buyers will be very interested to learn about for a variety of reasons.

Called Nova Ridge, this fabulous new neighborhood will feature four different floor plans that offer up to five bedrooms, four-and-a-half bathrooms, and plenty of extra living space throughout.

As a Pardee Homes development, homes for sale in Nova Ridge promise to provide a comfortable living experience, and future home owners will also be just steps from all the amenities and attractions surrounding the Summerlin master planned community.

For additional information about Nova Ridge and other homes for sale in Summerlin, contact us today at your

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Our current Las Vegas market looks good whether you’re buying or selling.
Looking to buy a home? Search all listings here Looking to sell a home? See your home's value here  

As we move through August, are we in a buyer’s or seller’s market here in Las Vegas?

In the lower price ranges under $300,000, we’re in an extreme seller’s market. There is less than one month’s supply of inventory in this segment. Keep in mind, a six-month supply is considered balanced.

Between the $300,000 and $400,000 price range, there is a two-month supply of inventory. In the $400,000 to $500,000 range, there is a three-month supply. These price points, too, are in a seller’s market.

What’s interesting, though, is the $500,000 to $1 million

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Las Vegas Condo Buildings with the Best ViewsWhile every Las Vegas condo buyer has his or her own wish list of needs and wants, great views of either the strip or the surrounding mountainous landscape are often a top priority. And in a place like Las Vegas, where the lights are bright and the lifestyle is usually described as adventurous and exciting, high-rise condos with premium amenities and spectacular views of the bustling city streets occupy a significant portion of the local housing market. 

But just like any segment of any market, not all high-rise condos in Las Vegas are equal, especially when it comes to jaw-dropping outlooks that elevate a living space to incredible heights. So if you’re someone who’s in the market for a Las Vegas condo and truly want views that impress, here are a few

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National home builder William Lyon Homes could be looking to add a new condominium complex to Summerlin, according to a new report out from the Las Vegas Review-Journal.

Plans for the new project call for 391 condo residences on a 29-acre site, which is located at Grand Canyon Drive and Maule Avenue near Summerlin’s southern border.

As noted by the Review-Journal, Clark County has already approved the new William Lyon Homes project, although William Lyon has yet to make anything official as of now.

Should the development move forward, however, condos would likely offer anywhere between 880 and 2,030 square feet, and lifestyle amenities at the new complex would include an outdoor swimming pool and a resident fitness center and clubhouse. Pricing

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According to a new report from PropertyShark, the Henderson area features five of the 50 most expensive ZIP codes in terms of property value in Nevada, which includes two that are listed up in the Top 20. 

At the top of that list and mentioned as the 15th most expensive ZIP code in the state is 89052, which currently has a median home price of $329,000. Around the time of the study, and the time of this post, the most expensive listing currently on the market in 89052 is 45 Club Vista Drive in the Anthem Country Club, which is priced at just under $7 million.  

Noted by analysts who conducted the study, it’s not surprising to see the Henderson area mentioned with some of the most expensive locations in Nevada thanks to its high concentration of

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New construction homes sales are on the rise in the early going of 2017, and according to reports, there seems to be no sign of a slowdown anywhere in sight. 

Recently released data from Home Builders Research revealed home builders in Clark County unloaded 831 new homes in March alone, bringing 2017’s total new home sales to 2,023 through the first three months. Compared to the first quarter of 2016, new construction homes sales in the Clark County area have spoiled 33.5%, which is the highest level recored for a first quarter since all the way back to 2008.  

New construction home prices are also on the rise, with the most recent median sales price recored at $329,900, or about 5% higher than this time last year. 

With demand still strong, more

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Although Nevada was a state that was among the worst to be hit during the recession, its recovery has been strong and steady, especially over the last couple years. Today, increasing wages, declining unemployment rates, and plenty of new construction activity is bringing more and more people to Nevada, and more specifically to the Las Vegas-Henderson area. 

Despite all the positivity surrounding the Silver State right now, however, its ultra-tight housing supply is presenting some issues for home buyers looking to get in on all the action. With less than a three months’ housing supply, home prices have continuously been on the rise recently, but it’s still worth nothing that housing remains significantly more affordable here compared to just about

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Foreclosures in Las Vegas AreaIt wasn’t that long ago when it seemed like Las Vegas and foreclosures went hand-in-hand, and although we’ve certainly come a long way since the housing crash rattled the Las Vegas real estate market harder than just about any other city in the country, the foreclosure rate here is still slightly higher than what you’ll find in most markets all across the country. 

According to the leading property and real estate data firm Attom, Las Vegas has the 12th highest foreclosure rate among the 200+ cities featured in a recently released report, even despite a sharp drop in foreclosures compared to last year around this time  

Around one in every 304 homes in the Las Vegas area market was labeled a foreclosure during first quarter of 2017, which represents

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New reports have surfaced that claim the investor group that owns the majority of rental units over at Juhl will begin selling them as condos sooner rather than later. According to the release, investment groups KRE Capital, Dune Real Estate Partners, and Northcap will begin selling units as early as late April, helping beef up the area’s low supply of condos just in time for the busy spring market. 

As noted by the Las Vegas Review-Journal, the aforementioned investment group controls 306 of the building’s 341 units, which were all acquired as part of a bulk unit purchase that included condos in five separate properties around Las Vegas.  

Once listed, condos for sale at Juhl will vary in size from 600 to nearly 2,000 square feet, and prices will

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Las Vegas Home Sales: March 2017Las Vegas area home sales were on the rise again last month, once again supporting the notion that the spring season truly is one of the busiest times of the year for the local housing market. According to new data from the Greater Las Vegas Association of Realtors, 3,195 single-family homes were purchased in March, which represents a 42.1% increase compared to February and a substantial 14.8% jump from March of last year. 

The median sales price also increased by 10% compared to the same time last year, settling at $242,000 last month, which is also up 0.8% from February. 

Along with increased home sales and rising home prices, supply also continued its downward trend last month, which is certainly a key contributing factor in how quickly home

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