The Little Team Real Estate Blog

In case you haven’t noticed, the new construction real estate market around Las Vegas has been robust over the last several years, and 2017 was once again no different. According to a recent report, new construction home builders closed just over 9,401 new home sales in Clark County last year, which is a 16.2% jump compared to new home sales in 2016.  

The report, which was originally released from Las Vegas-based Home Builders Research, also noted that the median sales price of new construction homes once again hit a record high, reaching $371,782 in December and representing a 10% spike year-over-year.  

One issue facing the new construction market in Las Vegas heading into 2018, however, seems to be a shortage of future development opportunities.

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The city’s well known for its lavish hotels, top-notch entertainment and bigger than life attractions, and Las Vegas certainly does not disappoint this month. From top entertainers to big games, the City of Las Vegas is full of things to do in February.

Elton John- Starting February 9

Caesars Palace

None other than Sir Elton himself is headed to Caesars Palace starting February 9. Elton John’s headlining a concert at The Colosseum, plus several more concerts throughout the month.

Mardi Gras Masquerade- February 11

River Mountain Loop Trail

The Mardi Gras Masquerade tips off on February 11 with a half marathon, 10K and 5K run along the River Mountain Loop Trail in neighboring Henderson. Runners are encouraged to dress in festive costumes.

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Can Zillow give you an accurate home value? In a word, no.

Let’s face it, most of us have used Zillow’s Zestimate feature in the past to get a home value. In the age of instant gratification, it’s so easy and satisfying to get an instant valuation. But is it accurate?

In short, no. I’ve seen many studies confirm this, including one that says Zillow is within 5% of a home’s actual value only 50% of the time. On a $300,000 home, that means being $15,000 too low or too high half of the time. That’s a lot of money to leave on the table. Trusting the Zestimate could also cause you to severely underprice or overprice your home.

Zillow doesn’t track remodels or improvements, either. Those play a big role in your home’s value, but their algorithm

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Home prices in Las Vegas hit rock bottom during the housing crash, but since 2011, home values throughout the area have more than doubled. According to a recent report from Zillow, the estimated median home value around Las Vegas is now at $246,700, which represents quite a jump compared to the fall of 2011 when home values fell to $115,700.

But even at its current level, home prices in Las Vegas still have a long way to go before reaching its peak of $304,800 in the spring of 2006.

As noted by Zillow, and also in a report from the Las Vegas Review-Journal, over half of the largest markets in the U.S. have rebounded entirely, while Las Vegas still falls about 19 percent short of the peak level mentioned above.

It’s also worth noting, however, that the Las

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If you’re thinking about making the move from Los Angeles to Las Vegas, you’re definitely not alone. In fact, recent census figures revealed a pretty substantial increase in home buyers opting for Sin City over sunny Southern California thanks to cheaper home prices, plenty of outdoor recreation, a vibrant nightlife scene, and countless other factors that make living in the Las Vegas area increasingly more desirable. And just like Los Angeles, we’re also about to get a pro football team too, so take that, California!

As Las Vegas continues to better position itself as being a destination spot for home buyers of all ages, though, the hassle of actually making the move still exists for many soon-to-be buyers. But luckily for anyone who happens to fall into

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There’s nothing quite like starting your day off right, and you can certainly do just that at one of our favorite breakfast hot spots in Henderson, Nevada.

If you're a breakfast lover like us, the list of top-notch restaurants, eateries, and cafes all over the Henderson area goes far beyond just a few options. But nevertheless, here's our short list of places we like to frequent...

The Cracked Egg

Feast on everything from omelettes and scrambles to skillets, sandwiches, soups and salads at The Cracked Egg. This locally owned breakfast and lunch spot is a favorite in Henderson and in neighboring Vegas.

 

A post shared by Kayla (@kayjayen22) onApr 10, 2017 at 9:45am PDT

 

Egg Works

One of a handful of chains in the

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Happy new year! 2017 was a great year for me. I got married, my wife and I are expecting a child, and business is good.

I am always trying to improve my business and personal life, and goals have been a big part of that.

I find that setting goals has helped me achieve success and deal with life’s problems. Have you set your goals for 2018?

If you have set your goals or resolutions, make sure that you write them down. There’s a saying that goes, “Unless you have a written goal, it’s not a goal.”

Goals also need to be measurable. If your goals aren’t measurable, you won’t be able to improve. Goals should be S.M.A.R.T. They need to be Specific, Measurable, Attainable, Realistic, and have a Time Limit.

I like to set goals for five years from now,

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What’s going on in the Las Vegas real estate market? Inventory is low and demand remains strong.

Looking to sell your Las Vegas area home? Check out my free home value calculator

Wanting to buy a home in Las Vegas? Search Las Vegas homes

Today I just want to provide you with a quick market update on some of the exciting things we’ve been seeing lately in real estate.

Our supply is still very low, especially for homes listed under $300,000. We only have about a month and a half worth of inventory, so things are extremely competitive between the buyers who are out looking for homes.

When we get to price points in the $300,000 and above range, the market balances out a little bit. Sellers are still seeing an advantage, but buyers have

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Housing is easily the biggest expense most people have, and increasing rent prices in expensive coastal cities like Los Angeles are driving more and more people to smaller midwest communities and to a number of other mid-range cities just like Las Vegas. 

According to recent 2016 census figures, there was a noticeable spike in the number of people who left Los Angeles and Orange counties for either lesser expensive parts the state, or simply left the state altogether. 

Fleeing higher-cost cities for a more affordable place to live is hardly a new trend, and something cold-weather cities see fairly regularly. But what makes Las Vegas unique is that more and more home buyers are coming specifically for cheaper real estate prices. Furthermore, Las

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This holiday season the City of Las Vegas comes alive with much more than just its normal glitz and glamour. In fact, the 2017 season is sure to bring a generous selection of shows, events and more, well beyond the infamous Vegas Strip.

Nov 10-Jan 7 

In fact, the big casinos of the Strip have nothing on the Glittering Lights of the Las Vegas Motor Speedway. Noted as the largest drive-thru light show in the entire state, take a car ride or tram ride past millions of lights, spread out across 2.5-miles of the speedway. The lights are on right now and stay that way through early next year.

Nov 24-Dec 31

For a quarter of a century the Magical Forest has delighted visitors with millions of lights, a train ride, an enchanted carousel and even Santa,

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