Greater Las Vegas Real Estate News

 

Jan. 22, 2020

The 2020 Vegas Market is Already Heating up!

I really can't think of a more exciting time to live here in Las Vegas. Everyday there seems to be a new announcement, a new project, a new opportunity for our city. And it's not just about the economy and tourism. There is a newfound sense of community and pride in our town, something locals really longed for. We are creating a legacy for the next generations to come, and I am so thankful to be apart of it. Everyday I get to help so many people build their dreams here. 2020 is shaping up to be an exciting year, and I wanted to share my thoughts on what's to come.
Over the past few years Las Vegas has seen economic development like we haven't seen in decades, this has lead to a steady & stable housing market. Last year Las Vegas home prices stabilized and hit almost pre-recession values, even with inflation factored in. It took us a solid decade, but with the investment in our cities' infrastructure and careful strategy, we made Vegas one of the strongest economies in the country, not to mention one of the world's premier destinations.
Many years ago, we purposely diversified outside of tourism and gambling and it's paying off. With our appealing tax rates, business incentives, low commute times, affordable utilities and relatively low cost of living, companies and residents all over the country and moving here. From July 17 to July 18 over 50,000 Californians made up the 127,000 people that moved into Nevada.
The entire city is a buzz with anticipation. With the building of billions of dollars of new resorts, millions of new square footage of convention center space and new manufacturing facilities, the future couldn't be brighter for our city. We managed to attract some of the largest tech companies in the world, Google, Amazon, and Switch to name just a few. And probably the biggest impact we will see immediately is the Raiders relocating to Las Vegas officially in July of this year!
Just one look at the 2 billion dollar stadium going up you can't help but be in complete awe. Not only has it physically changed Las Vegas, it has already sparked massive growth in Las Vegas and Henderson. (Related Forbes Article: What's New in in Las Vegas The Best of 2020)
How Has the Housing Market Been Effected?
We've seen how this rapid growth has effected the housing market. Last year we watched anxiously as prices continued to rise, some even feared another bubble. Prices have since stabilized, but economists are still predicting a slow steady rise in 2020.
December report issued by Apartment List, shows Las Vegas rents are up 3.2 percent over the past year, the fifth fastest-growing rate among large cities. Since 2014, rents have grown by 20.6 percent compared with the national average of 11.3 percent.
The median price for a single-family home in December was $312,990, up 6% from the median price in December 2018, says the Greater Las Vegas Association of Realtors, or GLVAR.
That figure is also up from the median home price of $307,000 reported in November 2019.
"As we begin a new year and new decade, I think you can sum up the state of the local housing market with two words: stable and sustainable," association president Tom Blanchard said in a press release. Blanchard said he expects the housing market in 2020 to look a lot like it did in 2019. And it's only January, but we already seeing spring like activity. Inventory isn't staying on the market long and buyers are already getting a jump on the season.
There's Never Been a Better Time to Get Into the Market.
Henderson has experienced this impact at an explosive rate as well. The Raiders Headquarters is being constructed off St. Rose Parkway & Henderson Executive Airport and as a result has ignited the surrounding areas with business development. Henderson has seen the job market increase by 3.5% over the last year. More jobs are attracting a lot more people.
Developers are building, have finished in the past few years or have drawn up plans for a total of at least 36 projects, covering more than 1,000 acres and featuring nearly 6,900 homes, just in Henderson reported Las Vegas Review-Journal. Those are incredible numbers!
There were 171 closings in Henderson in October with the median price of $483,841. The lowest price was $255,500, and the highest price was $3.49 million.
Developers are building as fast as they can and resale prices are on the rise. Property values are climbing. Rent is on the rise. So if there were ever a time to get into the market now would be the time. With rates at an all time low, renters are moving into homes, homeowners are growing into newer, bigger homes and investors and picking up everything they can.
I've been working closely with my clients helping set them up for financial wealth through the best way how, real estate. If you have any questions about the market and what your next move should be call me today!
Many who know me, know I love living here in Las Vegas, specifically Henderson. I love the pace of the city and the amenities at your finger tips, but I also am a nature girl. I love finding places that I can escape to when I need some outdoor time. I need beautiful mountain views, water and some greenery mixed with the gorgeous desert landscape. And the neighborhood of Weston Hills in Henderson just before Lake Las Vegas, is a hidden little gem. Here you can find great walking trails and parks as well as tree lined streets. This neighborhood is filled with homes that are perfect starter homes or for those looking to invest. I wanted to show this to my clients and friends. I hope you get to experience Las Vegas outside of the strip and everything it has to offer. I look forward to sharing some of my favorite places with you!
Weston Hills Hendersons Best Kept Secret Neighborhood!
If you have any questions or would like to schedule a viewing, call or email me.
If you want to know about the market or property values, please feel free to reach out to me! There is really no better feeling I get than when I can help potential owners or sellers make the best decisions when it comes to some of the biggest decisions they will make in their lifetime. I've had the opportunity to work with so many great people over the years, I look forward to new clients that becoming good friends.
BECKY ASHBY | 702-816-6292 | beckyjoo400@outlook.com
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Posted in News
Jan. 8, 2020

Weston Hills, Henderson's Hidden Gem

Weston Hills is one of my favorite neighborhoods in Henderson. This community offers beautiful parks, beautiful mountain and desert views, great schools, neighborhood tennis courts, baseball fields and of course great properties. In this video I share one of my favorite Weston Hill features, hiking and walking trails. The Wetlands Trail is a scenic 15 mile trail right in Weston Hill's backyard and leads to Lake Las Vegas! 

Weston Hills is located in Henderson Nevada 89011

Check out my current Weston Hills listing featuring a completely upgraded kitchen and appliances!

To view the latest listings in 89011 Henderson including Lake Las Vegas, Tuscany, Cadence and Weston Hills visit:

homes for sale in Henderson Nevada

Jan. 4, 2019

Las Vegas Real Estate Lights Up the Sky

Las Vegas real estate is brighter than bright at the Neon Museum. Presenting a unique and illustrious collection of items, the venue puts a spotlight on Las Vegas history. Vintage signs from the 1930's are found in the Neon Boneyard. Other signs come to life in the North Gallery.Pieces vary from old time gambling halls to prominent hotels and swanky wedding chapels. Showstoppers include Benny Binion’s Horseshoe, the Silver Slipper and the Hacienda Horse and Rider.

Lights, Music, Action on Las Vegas Property

Taking a tour is a great ways to explore and treks are available both day and night. Many prefer the illumination of the signs in the evening. However, due to the presence of pieces of glass on the grounds nighttime tours are only recommended for those 10 and up. Highlights of the excursions include almost a dozen restored signs and some unrestored signage. Guided tours last one hour and provide insight into the sights and sounds encountered. Docents relay the rich history of Las Vegas real estate and the colorful characters that formed the landscape. Self guided tours allow guests to meander about at their own pace. Advanced reservations for tours are required. After experiencing the tour visitors settle in for a show. Brilliant! features the sounds of iconic Las Vegas singers as more of the history of the city is told through lights and music. Found in the North Gallery, this amazing production is well worth watching.

Temporary Displays add some extra flair to the already impressive Las Vegas property venue. The Neon Museum is eager to present a new exhibit by the one and only Tim Burton later this year. Amazing and larger than life pieces will be onsite starting October 15, 2019. Visitors to the museum can enjoy this eclectic and quirky showing until February 15, 2019.

Tickets to the Neon Museum can be purchased online. Free parking is available behind the Neon Boneyard. Call 702.387.6366.

 

Posted in News
Jan. 3, 2019

Hit Your Stride on Henderson Property Golf Courses

Superb games of golf are played just off the Las Vegas Strip on Henderson property. Combining beautiful views with challenging courses all levels of golfers will come away satisfied. Golf academies provide excellent tutelage for athletes seeking to improve their skill set. Junior golfers and adults new to the game learn the sport from professionals in the golf world.

It’s all about choice at The Revere Golf Club. Here two courses present top quality play. The critically acclaimed design team of Billy Casper and Greg Nash brilliantly perfected the Concord and Lexington courses. Either choice presents 18 holes of 72 par play. Gorgeous backdrops of the Las Vegas skyline and rugged foothills create an ambiance that’s hard to deny. Challenging layouts and excellent course conditions have earned The Revere rave reviews such as the “Best of Nevada” by Nevada Magazine. Golfers living in Henderson find themselves relaxing in Buckman’s Grille after satisfying games. The Revere Golf Course is easily found at 2600 Hampton Road. Learn more about the courses here.

Life’s a Game when Living in Henderson

The Chimera Golf Course awaits players at 901 Olivia Parkway. This 2003 course brilliantly crafted by Ted Robinson Jr. blends together natural desert highlights with modern golf course elements. Enthusiasm is contagious on wide open fairways and stunning water features add to a refreshing ambiance. Practice makes perfect and views of Mt. Charleston and the iconic Las Vegas Strip provide inspiration on the driving range. Because of the loveliness of its landscape this Henderson property has been declared a “hidden oasis.” Players looking to upgrade their gear or seeking advice on equipment will find friendly and knowledgeable faces in the Golf Shop.

Luxury is in full form at Reflections Bay Golf Course. Located at 75 Monte Lago Blvd., in the resort community of Lake Las Vegas play here is first class. The bar is set high at this Jack Nicklaus Signature Designed Course with amenities highly praised by prestigious publications such as Golf Digest and Golf Magazine. A lush club house pampers athletes and others off the course with fine dining, a state of the art proshop and more.

Great games of golf are in play on Henderson property. Get a group together and schedule a tee time at one of the wonderful facilities today.

 

Posted in News
Jan. 2, 2019

Chill Out on Las Vegas Property

It’s cool in the pool on Las Vegas property. When the hot Nevada sun shines down locals head on over to Cowabunga Bay Water Park. Here slides are slipping, rivers are flowing and cabanas are sun shading. Families find time to spend splashing around together making memories that will last for years to come.

Guests are chilling and thrilling. Water slides offer exhilarating rides. The colorful Breaker 1-9 sets the scene for wild water fun. Resident daredevils are ready to go in the Point Panic tube ride. Surrounded in darkness tubers speed through pitch black tunnels. Flashes of light throughout the ride are delightfully confusing. The ultimate adventure awaits in the Zuma Zooma. Highlights include a trap door, 73 foot drop into a 360 degree horizontal loop and launch capsule. Nearby, Wild Surf features the largest “man made” wave. Boats carry up to four surfers up and down this tidal sized beast. Beach bums can be found Surfin USA on the Las Vegas property. Surfers race to the shoreline against four or five of their friends. Twists and turns are conquered on the Rock-A-Hula where rafts are sent swiftly into a giant bowl. Friends are in it together as the Beach Blanket Banzai dips, dives, curves and plunges into a wet and wild oblivion.

Laze Away the Day Near Las Vegas Homes

Lazy days are the best when cruising the Cowabunga River. The coasting continues in Boardwalk Bay where the pool is always just the right temperature. Youngsters have their very own spot to splash about in at Cowabunga Kids’ Cove. Here the Downhill Doggers is a pint sized version of Surfin USA. The Squigglers 360 spin slide earns squeals of delight. A heated pool is chilled just right for the littlest of guests. The laughter doesn’t stop in this silly space.

Tickets for the Cowabunga Bay Water Park can be purchased online or at the park’s box office. Season passes are great for those living in Las Vegas homes. Several options are available to choose from. Perks range from complimentary admission to buddy passes and special events.

 

Posted in News
July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates