The Little Team Real Estate Blog

  I’m sharing the latest data and information on our Southern Nevada real estate market.

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

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I’m here today with your fourth quarter market update for 2019. We’re heading toward the end of the year, so it’s time to see where we stand. We are seeing a slowdown in the market from last year, but we are currently experiencing more of a healthy, balanced market. Things have stabilized, which is great.

Unemployment is low, and many people are moving here. Nevada was just ranked as the fastest-growing state in the nation. Our climate and taxes are more favorable than other areas of the country, and the

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• Find the home of your dreams: Check!

• Go under contract & start your due diligence: Check!

• Your home inspection report comes back and you totally understand it: Not Really!

Don't worry! Here's a quick guide on how to navigate a home inspection report & what you should really be looking for.

1. Summary

Every good home inspection report should have a clear summary. This can give you an overall picture of the home’s health and how many major safety issues exist.

Keep in mind that your inspector may classify certain issues as maintenance or recommendations, so the numbers may not always be as scary as they look at first glance.

*Note: Some home inspectors disable this feature in their reports, so not all

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  If you’re a first-time homebuyer, here’s what you can expect from the home buying process.

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

What can first-time homebuyers expect from the home buying process? Helping first-time homebuyers is our team’s specialty, so to answer that question, I’ll go over the steps we take when working with our clients.

First, we sit down with you and talk about your needs and wants. For example, what type of home are you looking for? What area are you looking to live in?

If you need financing, our next step would be to set you up with a lender so they can help you get your finances in order and match you

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As we near the end of 2018, we’re shifting into a more balanced market. This is good news for both buyers and sellers.

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

What’s the latest news from our fourth quarter Las Vegas market?

With interest rates rising and the holiday season in full swing, activity has slowed down recently. There’s no need to panic, though—we’re still seeing a lot of sales. Although conditions still slightly favor sellers, we’re moving toward more of a balanced market.

This is good news if you’re a buyer. You have more homes to choose from and more negotiating power. Not only that, but more and more homes (especially in

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Latest data from the Greater Las Vegas Association of Realtors is showing the average sale price for single-family homes in Southern Nevada reached $300,000 last month, representing the highest total since June of 2006 when home sale prices topped out at $315,000. 

Compared to August, the average sales price jumped 1.7 percent in September, while the year-over-year sales price spike represents a whopping 13.2 percent gain from $265,000 last year. 

Condos and townhomes in Las Vegas are also seeing sharp increases as average sold prices for attached properties are up over 21 percent to $170,000 compared to this same time last year. 

Overall sales are down, however, according to GLVAR, which could be directly related to a tight inventory and soaring

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Finding the best possible deal is always one of the top priorities during a home search, even for luxury home buyers. So if you’re looking for a high-end home but still prefer to stay under that million dollar threshold, here’s a closer look at several communities that feature luxury listings under seven figures. 

Los Altos 

Neatly positioned in the Paseos Village of Summerlin, the gated community of Los Altos features a fabulous collection of single-family residences from Toll Brothers. Floor plans are expansive and offer anywhere from 3,094 to 3,822 square feet, while other common features include 10-12 for ceilings, casitas and multi-generation suite options, and plenty of desirable interior finishes throughout. 

Vineyards at The Arbors 

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Every home buyer has a wish list of needs and wants in a new place to live and active adults are no different. Top priorities for many retirees searching for the right community often involve accessibility to lifestyle amenities, proximity to nearby attractions, and the cost of living within the community itself. 

As you probably already know, many 55+ communities can be quite pricey, especially if more services are offered to residents. But if you’re looking for the right active adult lifestyle around the Las Vegas area that won’t break the bank, here’s your best bet in finding the perfect fit…

Los Prados

The impressive golf course community of Los Prados invites new residents with its fantastic views and abundant amenities. Along with its golf

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The Las Vegas real estate market certainly has its fair share of luxury homes and estates that can make any home buyer's jaw drop. Many of these homes lie in gated communities and country clubs all over town, but what truly makes Las Vegas unique is that buyers don't necessarily have to have a multi-million budget to enjoy all the benefits a gated community offers. In fact, if you're hoping to find the right gated home in Las Vegas for under $500,000, here are several neighborhoods that may just be the perfect fit.

Painted Desert

Painted Desert may be known for its championship golf course, but this golf community has much more to offer its residents. The community also enjoys a large clubhouse with on-site dining, plus various options in housing.

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Looking for luxury living in beautiful Henderson, Nevada? Explore all the extravagant and extraordinary homes found inside some of the area's priciest neighborhoods...

Foothills at MacDonald Ranch

Large homes and spectacular added features accent the desirable community of Foothills at MacDonald Ranch. The newer construction community offers up such luxuries as private theaters and wine cellars, plus country club amenities ranging from swimming and tennis to golf.

Ascaya

Custom homes make up the impressive community of Ascaya. Often in the multi-million dollar range, the homes also sit on large lots, with contemporary home designs that blend with the exceptional natural surroundings.

MacDonald Highlands 

The luxury homes of MacDonald

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New luxury home sales are up an incredible 84% from last year. Here are a few reasons why this area of our market has been so successful.

Looking to sell your Las Vegas area home? Contact me for a no-obligation market analysis

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

I’ve got a quick update for you today on the luxury home market in Southern Nevada. Unlike many other luxury markets across the country, our luxury home market remains very strong. In fact, we’ve seen an 84% increase in new luxury home sales in the last 12 months, as well as a 12% increase in resale luxury homes. Luxury homes are considered any homes priced over $750,000.

Why is our luxury market doing so well? For starters, we have affordability. We are

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