If you need assistance, please call 702-476-0060

What Can You Get for the Average Home Price in the Las Vegas Valley?

Tuesday, July 13, 2021   /   by Ken Couture

What Can You Get for the Average Home Price in the Las Vegas Valley?

Average Home Price in Las Vegas Valley.jpg
As prices continue to rise your money is not going as far as it once did.

Now, we are looking at what you can now get for the average price of a home in the valley.

The housing market in Las Vegas continues to boom, and what you can get today versus five or ten years ago is a lot different.

“It is a market that is continuing to escalate,” a real estate broker said. “It is really creating a lot of concern for buyers who cannot go above the $400,000 price range.”

In June, the average price was $395,000 for a home in the valley. He says years ago you could get something much bigger than what you will find today.

“Five years ago, my goodness you could get maybe a 3,000 square foot home with a pool for $450,000,” he said. “So, what you are getting now for your dollar has really reduced.”

We took a look at what you may find for $395,000.

In growing North Las Vegas, you can get more for that price like this 5-bedroom 2,000 square foot home.

In Henderson, single-family homes are harder to come by at that price. This home is one example. It is 500 square feet smaller and 10 years older.

“It is causing buyers to look at other options such as condos,” he said.

Condos and townhomes are also selling for much more.

Near St. Rose Parkway, an up-and-coming area of west Henderson, new townhomes are now selling for almost $400,000.

He says the demand is high, especially from out-of-state buyers.

“We jumped on one of the waiting list with one of the builders, we did not get our first choice in model because the waitlist was too long,” a buyer said.

He and his fiancé are moving to Las Vegas from Los Angeles.

They are building a home. He says the market was more hectic than they thought, but it still makes more sense than L.A.

“The process five years ago I think would have been totally different,” he said. “I am sure it was a lot cheaper than it is now.”

Many want to know when prices will drop to then buy. Nash does not expect that to happen anytime soon. She thinks prices will go up some more but expects them to eventually level off.
 

Follow us on:

FB: Ken Couture Realty Your Home Sold Guaranteed

IG: @kencouturerealtylv

Twitter: Ken Couture

Pinterest: Ken Couture

LinkedIn: Ken Couture Your Home Sold Guaranteed

 

Contact us at:

Ken@CoutureRealtyLV.com

702-476-0060

Couture Realty
Ken Couture
8367 W Flamingo Rd Suite 101
Las Vegas, NV 89147
702-476-0060

UP5DB701E1507748.jpgThe data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. The information being provided is for the consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. GLVAR MLS deems information reliable but not guaranteed. Copyright 2022 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
This site powered by CINC: www.cincpro.com