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  • The Proof is in the Numbers: Why March 2024 Data = Dream Seller's Market

    The latest March housing data just landed, and I have an important message to share - if you've been thinking about selling, now may be the absolute peak time to list your property. These numbers reveal an unprecedented sellers' market that's allowing homeowners to capitalize on immense equity gains. As your neighborhood expert, I'm here to ensure you're optimally positioned to capture maximum value from this historic market opportunity. Skyrocketing Home Values Pad Seller Profits Let's start with the staggering price appreciation we witnessed last month. The median single-family home value skyrocketed to $465,000 - a mind-blowing 99.4% year-over-year increase! Condos and townhomes also saw values surge 8.7% annually to $282,000. These astronomical price hikes translate directly into a massive equity windfall for you as a seller. By strategically timing your listing and implementing the right marketing strategies, I can ensure you capture every last dollar of your home's top market value. Buyers Scrambling Amid Shrinking Inventory While the prices seem eye-popping, buyer demand showed no signs of waning in March. A total of 2,672 properties traded hands as buyers eagerly secured their slice of the Southern Nevada dream. This exceptional demand is colliding with a severe inventory shortage. At March's end, our market had less than 2 months' worth of available listings at the torrid sales pace. For single-family homes specifically, just 3,323 active properties were on the market - down a jaw-dropping 20.8% from last year's level. With so few choices and the traditionally busy spring/summer selling season underway, new listings are being snatched up in a frenzy. My advanced pricing and marketing strategies will perfectly position your property to ignite a bidding war and drive sale prices to dizzying heights. The Ultimate Seller's Market Prize: Cash Offers One of the hottest trends I'm seeing is the explosion of cash buyers - over 1 in 4 March transactions (26.1%) were all-cash deals. From investors hungrily expanding their portfolios to families avoiding mortgage financing, these asset-rich purchasers are aggressively pursuing new listings. As your realtor, landing a cash offer is the ultimate goal on your behalf. Cash bids eliminate any concerns over buyer financial contingencies while providing the smoothest possible path to closing. With my negotiating skills and proprietary marketing systems, we'll systematically pursue and identify the market's most rewarding cash opportunities. Forget FireSales - Quality Listings Dominate Another factor underscoring the favorable selling climate? An almost non-existent presence of distressed properties. Last month, these capital-constrained fire sales made up just 1.1% of total transactions. This allows me to ensure your listing avoids being undermined by heavily discounted prices in the vicinity. Today's inventory consists almost entirely of voluntary equity sellers like you - not those being forced out due to hardship. You can be confident your home's value will be maximized. Now Is The Moment To Make Your Move While mortgage rate fluctuations could eventually stabilize conditions, all signals point to the sizzling sellers' market persisting over the months ahead. This brief window of opportunity won't last forever. If you've considered joining the many homeowners capitalizing on this unprecedented equity boon, now is the time to make your move. Allow me to leverage my comprehensive market intelligence, skilled negotiation tactics, and aggressive multi-channel marketing systems to develop a customized strategy that leaves no value on the table. The March housing numbers solidify that sellers have the ultimate upper hand. With my driving passion for client success, I'll ensure you extract every last penny from this historic market peak. Contact me today to get started! Becky Ashby Realtor | Signature Real Estate Group

  • Coffee With a Cop at Hi-Coffee Coffee

    Coffee With a Cop at Hi-Coffee Cafe Date:04/23/2024 8:00 AM - 10:00 AM Location:Hi-Coffee Cafe 90 S, Stephanie St, Suite 150 Henderson, Nevada 89012 Special guests: meet with City of Henderson Lifeline Program Coordinators and Victim's Advocates.

  • Southern Nevada Housing Market Continues Sizzling in March 2024

    The temperatures weren't the only thing heating up last month here in the Las Vegas valley. The latest housing data reveals that the Southern Nevada real estate market maintained its remarkable upward trajectory in March, with no signs of cooling anytime soon. Record-Breaking Price Appreciation Leading the way were staggering year-over-year price gains for both single-family homes and condos/townhomes. The median single-family home price in Southern Nevada skyrocketed to $465,000 - a mind-blowing 99.4% increase compared to March 2023. Similarly, condos and townhomes saw their median price surge 8.7% to hit $282,000. This demonstrates the incredible equity growth that local homeowners have enjoyed over the past 12 months. Real estate in our region continues proving to be one of the soundest long-term investment vehicles available. Sales Activity Remains Brisk While the number of single-family home sales dipped 11.8% year-over-year, the condo and townhome segment showed impressive resilience. Sales in that category decreased by just 1.8% compared to last March. In total, 2,672 properties traded hands, underscoring the persistently high buyer demand in Southern Nevada. Our world-class amenities, quality of life, and business-friendly environment keep attracting new residents from across the nation. Inventory Crisis Intensifies Fueling this price appreciation and sales activity is the severe shortage of homes on the market. Our market data indicates a housing supply of less than two months - meaning if no additional listings came online, our entire inventory would be depleted in under 60 days at the current sales pace. At the end of March, there were only 3,323 single-family home listings without offers. That number plummeted 20.8% compared to the same time last year. Conversely, condo and townhome listings did increase 6.9% annually, providing a slightly better - but still inadequate - supply for hungry buyers in that segment. Cash Buyers Remain Prevalent Another data point highlighting the strength and affluence of Nevada buyers: cash transactions accounted for over one in four (26.1%) property purchases in March. This percentage ticked up from 2023 and demonstrates the purchasing power of local and relocating households. From investors looking to expand their portfolios to families comfortably positioning themselves by avoiding mortgage financing, cash deals have become the norm in our market's middle and upper tiers. Distressed Sales Barely a Blip As the housing sector continues recovering from the pandemic-induced turbulence of 2020, distressed properties made up just 1.1% of total sales last month. This near-record low number is yet another indication of our market's stability and resilience. Combined with the high cash buyer prevalence, it underscores that the overwhelming majority of transactions in Southern Nevada are being fueled by legitimate buyers with staying power - not speculative fringe activity. Our market's foundation is as strong as ever. Looking Ahead: Mortgage Rates in Focus While Las Vegas realtors closely monitor many economic indicators, one variable commanding extra attention is the fluctuation of mortgage rates. After reaching multi-decade highs in 2023, rates have been vacillating over recent months. If we see sustained decreases, it could provide a welcome boost in housing supply as more sellers aim to capitalize on robust prices and buyers feel increased purchasing power. An influx of new inventory would be a major step towards better balancing our currently lopsided sellers' market. The lingering unknown is whether the Federal Reserve will continue raising its benchmark interest rate in the months ahead to further combat inflation. Regardless, demand shows no signs of waning in Las Vegas - ensuring real estate remains an exceptional long-term investment. For buyers, sellers, and investors alike, it's absolutely crucial to have an experienced real estate professional in your corner during this unprecedented hot streak. With comprehensive market insights and skilled negotiating tactics, I can ensure you're optimally positioned to accomplish your goals and navigate every twist and turn along the way. The Southern Nevada housing market continues delivering record-setting numbers month after month. Who's ready to seize the tremendous opportunities and make your move? Contact me today to get started!

  • Lake Las Vegas Homeowners: Historic Equity Awaits In This Red-Hot Market

    Hello, fellow Lake Las Vegas residents! This is Becky Ashby, your neighborhood realtor with Signature Real Estate Group. I come to you today with an exciting update on the Southern Nevada housing market that could represent a prime profit opportunity if you've considered selling your residence. The numbers are in for March 2024, and to put it simply - we are in unprecedented territory. This is shaping up to be one of the hottest seller's markets our region has ever witnessed. If capitalizing on your home's maximum equity is a priority, now may be the ideal moment to list. Let me provide some context around the staggering data: Median Home Prices Skyrocket Appreciating at a dizzying pace, the median single-family home price in Southern Nevada climbed all the way to $465,000 last month. This represents a mind-boggling 99.4% year-over-year increase from March 2023! Even condos and townhomes saw values surge 8.7% to $282,000. What does this mean for you as a Lake Las Vegas homeowner? Equity gains of this magnitude translate to a massive potential profit-windfall if strategically marketed to qualified buyers. Your prestigious community combined with our region's rapidly accelerating prices position you for a uniquely rewarding payday. Inventory Hitting Record Lows Contributing to this price appreciation is the severe shortage of homes available to meet insatiable buyer demand. By the end of March, there were just 3,323 single-family listings across the entire Las Vegas valley without offers - a jaw-dropping 20.8% plunge from 2023's already depleted levels. This lack of inventory is pushing the market firmly into seller's territory. Buyers simply have minimal options to choose from, especially in our luxurious lakeside neighborhood. New listings are being met with a frenzy of purchase offers and quick closings. Cash Buyers Aggressively Pursuing Homes One of the most compelling data points: Over 1 in 4 (26.1%) of March's transactions were cash purchases, up from already elevated levels last year. From investors hungrily scooping up rental properties to families electing to avoid mortgage financing, these asset-rich buyers are consistently winning bidding wars and pursuing top-tier properties like those lining our serene waterfront vistas. For sellers, all-cash offers are the ultimate prize - eliminating any doubts around a buyer's financial contingencies and providing the smoothest possible path to closing. My powerful marketing systems and skilled negotiating tactics are geared towards systematically driving these lucrative cash bids your way. Why Lake Las Vegas is Perfectly Positioned When you combine the larger regional trends with the unmatched appeal of our Lake Las Vegas community, the outlook for sellers is incredibly promising. Our Mediterranean-inspired architectural beauty, sprawling waterfront scenery, and unparalleled resort-style amenities represent the epitome of luxury desert living. Buyers recognize the extreme value proposition our residences offer compared to other nearby high-end neighborhoods. As new inventory remains scarce, I foresee our properties being among the most highly coveted across Southern Nevada in the months ahead for those seeking an opulent lakeside lifestyle. From our championship golf courses and private recreation facilities to our proximity to the Las Vegas Strip, Lake Las Vegas checks every box for discerning buyers. Capitalize on this demand before mortgage rate fluctuations potentially stabilize the market. My Role: Delivering Unmatched Expertise As your community expert, I wake up daily with the mission of ensuring my Lake Las Vegas clients extract every last dollar of equity from their real estate investments. In today's wildly appreciating landscape, that involves comprehensive preparation, skilled negotiations, and aggressive multi-channel marketing strategies. From meticulously staging your residence to capture top-dollar listing prices to facilitating multiple competitive offer scenarios, I specialize in customizing the optimal sales approach for your specific situation. My nuanced market intelligence, tenacious representation, and cutting-edge tech/marketing systems consistently deliver extraordinary results for my valued clients. The window for these all-time high profits won't remain open indefinitely. With over two decades of real estate experience, my instincts tell me the frenzied seller's market we're experiencing may soon represent a peak opportunity before conditions evolve. If you've considered parting ways with your Lake Las Vegas property or are simply interested in understanding your potential sale proceeds, I welcome you to contact me right away for a free consultation. Backed by Signature Real Estate Group's outstanding resources and my unwavering commitment to your success, together we can develop the ideal strategy to capitalize on this extraordinary market moment. Lake Las Vegas residents, the timing has never been better to make a move. I look forward to hopefully being your trusted guide throughout this exciting - and lucrative - process! Warmly, Becky Ashby Realtor | Signature Real Estate Group

  • Here's a fun blog entry from Becky Ashby celebrating National Sticky Bun Day

    Indulging in Sticky Bun Bliss for the Holiday! Hey there, sweet treat lovers! It's me, Becky Ashby, your friendly neighborhood realtor. I don't know about you, but when I learned that February 21st is officially National Sticky Bun Day, I knew I had to go all out to properly celebrate this delicious holiday. As my friend Stacy Jordan always reminds me, I simply cannot pass up a good bakery. So rather than just picking up some ordinary sticky buns, I decided to visit the vegan cinnamon roll masters at Cö-ō-lic and really kick things up a notch! I went a little crazy and treated myself to not one, but TWO of their signature creations. First up, the cherry pie cinnamon roll - a pillowy vegan dough swirled with cinnamon and brown sugar, generously topped with tangy cream cheese frosting and plump cherry pie filling. Just look at that gooey, fruity goodness! As if that wasn't indulgent enough, I also grabbed their apple pie version. Because if you're going to celebrate a national sticky bun day, you might as well go big, am I right? This beauty combines warm apples with more of that luscious cream cheese frosting atop the signature cinnamon roll base. Now I've got not one, but two supremely decadent sticky bun variations calling my name for an afternoon of sweet indulgence and celebration. And let me tell you, they are every bit as heavenly as they look! I'm already drooling thinking about tearing off flaky, cinnamon-laced bites and getting that perfect ratio of doughy carbs to gooey fruity filling. Is your mouth watering yet? Because mine certainly is! The way I see it, we only get one National Sticky Bun Day per year, so we might as well honor the holiday properly by treating ourselves to whatever sticky, gooey, frosting-slathered bundles of joy our hearts desire. Whether you prefer the classic sticky bun with pecans, something fruitier like my cherry and apple pie renditions, or maybe even a creative flavor like maple bacon (hey, no judgment here!) - I hope you'll join me in fully immersing yourself in sticky bun bliss today. No diet is safe from temptation on this most sacred of food holidays! Just leave a few crumbs on the plate as an offering to the sticky bun gods, and they shall smile upon you. So grab your napkins and dig in, my friends! This is one celebration that's oh-so-worth loosening your belt a notch or two. From my sticky kitchen to yours, happy indulging! Becky Ashby Sticky Bun Aficionado & Realtor

  • Southern Nevada's Promising Start to 2024 Real Estate Market: February 2024 Market Update

    Hello neighbors! Becky Ashby here, your trusted realtor and neighborhood expert with Signature Real Estate Group. As we move into the prime spring buying season, I'm excited to share insights from our latest February 2024 housing report that reveal an encouraging start to the new year in the Southern Nevada market. While ongoing inventory challenges persist, the data highlights rising sales activity combined with steady home price appreciation. This positive momentum positions sellers for a rewarding opportunity to capitalize on substantial equity gains over the months ahead. Let's dive into the key takeaways: Back-to-Back Months of Sales Growth A notable bright spot - February marked the second consecutive month with a year-over-year increase in total home sales for both single-family residences and condos/townhomes across the Las Vegas valley. This uptick in transaction volume signals robust buyer demand that I expect will only intensify as we progress through the traditionally busy spring and summer seasons. For sellers who've been waiting to list until market conditions heat up, the latest numbers indicate the optimal window has arrived. Steady Price Appreciation Continues Even in the face of elevated mortgage rates, our region's home prices showed no signs of cooling last month. The median single-family home value climbed 8% annually to $460,000, while condos and townhomes saw an even steeper 11% year-over-year jump to $283,000. These steadily rising prices are translating into incredible equity growth for area homeowners. If you've considered selling your property to capitalize on the gains, the present market cycle represents a prime time to list before any future fluctuations occur. Through skilled pricing and negotiation strategies, I can ensure you capture the maximum value your home's current market value commands from qualified buyers. Inventory Shortage Remains Key Challenge While the sales and pricing data is undeniably positive, our biggest hurdle continues to be the extremely depleted inventory levels. As of last month's end, the entire Las Vegas housing market had barely under a 2-month supply of total listings based on the current absorption pace. To put that into perspective, a balanced market favoring neither buyers nor sellers typically has a 5-6 month inventory. We are still operating in a very lopsided seller's market, and that doesn't appear to be changing anytime soon given the region's torrid population growth. For sellers looking to avoid getting lost in the shuffle amid razor-thin competition, proper preparation and aggressive multi-channel marketing techniques will be absolutely crucial to driving maximum visibility and offers. Cash Buyers Providing Selling Opportunities One vivid demographic we cannot ignore is the continued prevalence of cash buyers. February saw over 25% of total transactions being all-cash purchases from buyers ranging from institutional investors to affluent individuals purposefully avoiding mortgage financing. From a selling standpoint, cash offers represent the ultimate commodity - providing a smooth, complication-free path to closing with no chance of appraisal issues or last-minute loan contingencies derailing the deal. My specialized marketing systems are optimized to pursue and attract these lucrative cash purchasers on your behalf. Potential Mortgage Rate Relief? While it's impossible to predict definitively, many experts anticipate mortgage rates could begin easing somewhat over 2024 after reaching multi-decade highs last year. If that scenario plays out, it would provide a welcome catalyst for new listings to hit the market and better balance out our current inventory deficiencies. However, demand in our region is projected to remain exceptionally strong given workplace mobility, quality of life, and relative housing affordability compared to other major markets like California. Sellers who list sooner may have an advantage before any influx of competition emerges. For current and prospective Southern Nevada homeowners, the prevailing message is one of optimism and opportunistic timing. As economic headwinds potentially subside, our local housing market appears poised for a robust growth cycle favoring sellers willing to go to market strategically. If you've been waiting for the right conditions to list your property and capture its maximum value, I encourage you to get in touch for a free, no-obligation consultation. With comprehensive data analysis, skilled negotiating tactics, and cutting-edge marketing systems, I can ensure you optimize this compelling market window before any shift occurs. Wishing you a fantastic spring season here in Las Vegas! Warmly, Becky Ashby Realtor | Signature Real Estate Group

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