The Little Team Real Estate Blog

We’re still in a seller’s market in Las Vegas, but buyers in the lower price ranges have a great opportunity to find the right home and negotiate a great deal.

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As we move toward the end of summer, our Las Vegas real estate market is doing very well.

Under the $500,000 price point, we’re still in a seller’s market. In this range, we have just over a one-month supply of homes, and the median price is up 16% compared to earlier this year—a time when a lot of buyers were engaged in bidding wars and paying over the appraisal amount to get a home, especially under $300,000.

I’ve seen a small slowdown

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It’s no secret that things tend to slowdown during the summer months, and that certainly includes the housing market in most major metros. But even as inventory starts to dwindle towards the beginning of every summer season, August and September still remain two of the best months to buy a home or condo.

According to statistics from multiple studies, potential sellers are more likely to list their home at the end of the summer over any other time of the year, providing potential buyers with more options and a better selection of listings to choose from when looking for the perfect new place to call home.

Along with that, active listings are also more likely to drop in price towards the end of summer as many already-active sellers begin to feel the pressure

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Las Vegas New Construction Condos TownhomesIt’s been a good year for Las Vegas homebuilders and that trend continued last month according to new data released by Home Builders Research. In all, 944 new-home sales were recorded in June, which is up a strong 11.7 percent from June of 2017.

But what’s even more impressive is that through last month, 5,156 new homes have been sold in 2018, and that total represents a 19.4 percent jump overall compared to the first 6 months of last year.

Also noted in the report is that new condos and townhomes accounted for 11 percent of June’s new home sales volume, which is also up 3 percent compared to last June.

New condo and townhouse should continue to remain steady moving forward given builders are already planning more attached home projects. Despite June’s

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Luxury Las Vegas Golf HomesFrom towering high-rise condos with spectacular views of the Strip to sprawling custom-built estates with all the bells and whistles, luxury homes and the Las Vegas real estate market truly go hand-in-hand. Among some of the most expensive properties you'll find listed in Las Vegas are homes in all the various gated golf course communities scattered throughout the area. If you're working with a tighter budget but still want those unmatched views of the fairway,

Painted Desert Golf Club

From its championship golf course and golf shop to its on-site dining options, Painted Desert Golf Club presents some superb options in real estate. If you’re searching for a golf home under $500,000, the community is a fantastic place to start, with several options

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Las Vegas High Rise Condos For SaleThere's nothing quite like living the high-rise lifestyle, especially in a place like Las Vegas where the bright lights, mountain views, and resort-style amenities all combine to make for one heck of a place to call home. As you've probably already noticed, Las Vegas isn't short on towering high-rise condo buildings to consider, but if you're looking for something special with a budget that tops out around $400,000, here's where we recommend beginning your search right now.

One Las Vegas

Priced from the low $300,000s, the luxury condos of One Las Vegas invite open floor plans with fantastic views. The price point easily affords resort-style amenities, with options including units with up to two-bedrooms and three-baths for under $400,000.

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Las Vegas PenthousesLas Vegas has some pretty spectacular condo residences but nothing beats living on the top floor of one of the many towering high-rises that are scattered all over town. From sprawling views of the bright Las Vegas lights and the surrounding mountainous landscape to the privacy and exclusivity that only a penthouse condo can provide, there’s just something to be desired from most penthouse condos for sale in Las Vegas, which tends to be why they’re some of the most expensive properties you’ll find on the local housing market.

Palms Place

Standing 47 stories high and home to 599 condo residences, Palms Place certainly has options.  But nothing beats the views seen from many of the building’s upper floors, which of course includes the penthouse level.

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Next time you plan on buying or selling a home, do your research. The best way to do that is by going online and looking at reviews.

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 want to talk a little bit about the importance of online reviews in real estate. The advent of online reviews over the last 10 years or so has drastically shaped the way we book service providers, eat at restaurants, and buy other goods or services. Just like you, I want to know what the locals think about what the best businesses are.

Real estate works the same way. My team is heavily focused on making sure that every one of our clients reviews us after working

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Best Las Vegas Condo PoolsEvery luxury condo building in Las Vegas has its fair-share of first-rate lifestyle amenities. But when it comes to the pool deck atmosphere, some builders stand out from the rest of the pack, and most notably the few we've mentioned below...

Allure

The one-and-only Allure Las Vegas is known for its luxury amenities, including the property’s exceptional outdoor swimming pool. The private pool and swim deck also enjoys dozens of private cabanas, making for an upscale experience right along the Strip.

MGM Signature Residences

The equally desirable MGM Signature Residences also enjoy access to swimming, with a heated pool connected to each of the towers. The property additionally includes poolside cocktail service and cabanas, with convenient

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Las Vegas Condos AmenitiesOne of the primary benefits luxury condo buildings have over ordinary single-family home developments are all the lavish lifestyle amenities that are offered to each and every resident inside. Features like resort-style swimming pools, concierge service, valet parking, state-of-the-art fitness centers, and so much more are often part of the condo living experience here in Las Vegas, and if you’re wondering which buildings truly offer the best of the best when it comes to luxury lifestyle amenities, here are just a few that come to mind.

MGM Signature Residences

With the luxury of enjoying amenities of the nearby MGM Grand, the MGM Signature Residences are within a short stroll of swimming pools, fitness, a spa and world-class shopping, dining and

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Summerlin Homes For SaleSummerlin is one of the largest residential communities you'll find anywhere, which can make a home search there rather daunting. With so many different neighborhoods, housing types, and countless other factors to consider, where should home buyers considering the Summerlin master plan start? Well, if your budget maxes out at $500,000, here are a few great places we think might be a great fit... 

Castlewood at Summerlin

One such location to start is Castlewood at Summerlin. The neighborhood offers homes at this price point generally including two- to four-bedrooms, in single-story designs.

Springfield at Summerlin 

The Springfield at Summerlin neighborhood also provides homes for under $500,000, often affording three-bedrooms and three-baths.

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