January 2017

There are 8 blog entries for January 2017.

Las Vegas HomesAccording to a new report from Zillow, Las Vegas home values increased faster than the national average in 2016. Back in December, the estimated median value of a Las Vegas home was $215,400, which was up 9.8% from just one year earlier. 

 Nationwide, the median home value in December was registered at $193,800, which is up just 6.8% compared to last year. It is worth noting, however, that the Zillow report only included 35 metro areas, and among those, San Jose had the highest median value at $963,700, while Cleveland had the lowest at $130,700.  

The city of Portland saw the steepest jump in home values from December 2015 to December 2016, increasing by nearly 14% year-over-year. Home values in Indianapolis saw the slowest gains, climbing just

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Little Give BigLast year was an extraordinarily successful year for me and my team, as we were honored to help 86 families in our community buy or sell a home. Every year since starting my journey in the real estate industry, business has continued to grow, and from all of us over at The Little Group, we truly hope we have exceeded all your expectations when it came to helping you transition from one home to another.  

But with 2016 now in the rearview mirror, we’ve already hit the ground running and are well on the way to making 2017 our best year yet. But starting this year, we’re also introducing an exciting and very personal initiative we’re calling Little Gives Big, which is just our way of giving back and doing what we can to help find a cure and provide

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Las Vegas Real Estate MarketAccording to recent consumer survey results, as well as an updated housing forecast for the upcoming year, the National Association of Realtors (NAR) is only projecting a small gain in home sales in 2017 thanks to rising mortgage rates and shrinking confidence among consumers who think that now might be a good time to purchase a home.  

As part of NAR’s fourth quarter Housing Opportunities and Market Experience survey, consumers were specifically asked about the economic state of the country as well as housing expectations heading into the new year, and many are citing declining affordability as one potential problem facing home buyers throughout 2017 and beyond. Both rent prices and home prices are outpacing income levels and new supply being brought

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The new construction market around Las Vegas is thriving right now, leaving many potential home buyers wondering whether working with a professional Realtor® is even necessary when purchasing a brand new home. The simple answer to whether or not having somebody on your side when buying new construction is beneficial is a resounding “yes”, but for informational purposes, let’s take a closer look at why it can be advantageous. 

We work for you

First thing's first—while many buyers feel an on-site sales agent or a home builder’s representative will be available to answer any questions you may have, it’s worth noting that those same on-site sales agents and representatives work for the builder directly, not you. And while it’s unlikely those

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Las Vegas Real Estate Market UpdateIt was a strong end to 2016 for the Las Vegas real estate market as recently released numbers from the Greater Las Vegas Association of Realtors revealed a slight surge in both sales and home prices compared to the end of the year in 2015. 

According to the data, 2,715 existing single-family homes were purchased back in December, which is up 4.6% from November and 1.3% compared to December of last year. Along with the uptick in home sales, the median sales price for existing single-family homes also saw a jump compared to last year around this time, even despite falling 2.1% from November. 

The final median sales price of Las Vegas area homes in December was recorded at $235,000, which is an 8.3% bump compared to December 2015. Inventory continues

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According to recent reports, two established master-planned communities in the Las Vegas area were among the top-selling communities nationally in 2016, which of course can only mean great things for the local housing market heading into the new year. The numbers, which were gathered by real estate consulting firm RCLCO, revealed 769 new homes in Summerlin were sold last year, which is up a jaw-dropping 28% from 2015. Additionally, 564 homes were also sold in nearby Inspirada, which is up by an even more astounding number of 45%.  

Among all the master-planned communities in the country, Summerlin’s 769 sales ranks No. 5 in terms of new homes sold, while Inspirada’s 564 sales is good enough to hold down the No. 7 position on the list of top 50-selling

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Las Vegas Condo Sales Up in December 2016Recently released numbers from the Greater Las Vegas Association of Realtors (GLVAR) revealed December was a very strong month for condo sales here in the Las Vegas area. According to the data, more home buyers purchased condos last month than houses, which could be yet another sign that more first-time and entry-level home buyers are starting to enter the marketplace. 

Compared to December of 2015, condo sales last month were up by a whopping 18.9%, and up 12.4% when comparing all of 2015 with all of 2016. Some industry experts are also attributing a drop in condo prices to the surge in sales, as the median price for condo units specifically fell 4.2% last month compared to a year ago. 

Home prices on the other hand increased in Las Vegas when

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Las Vegas Gated HomesMost home buyers who are thinking about moving to a gated community generally only look at the positive aspects that coincide with gated neighborhoods around the Las Vegas area. But just like anything when it comes to house hunting, there always seems to be pros and cons related to most gated homes for sale. So let’s take a closer look at both the positives and negatives below. 

Pro: Added Security & Privacy 

Perhaps the number one reason why most home buyers are attracted to a gated neighborhood is the extra sense of privacy and security you’ll enjoy one moving into your new home. Statistically, criminal activity is almost always lower in gated communities versus non-gated community, and you’ll also find there’s much less traffic and of course

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