How did 2023 wrap up in Real Estate? What changes did we see throughout the year? What do we believe we could see this year? Subscribe to our channel to get your monthly market updates! Continue Reading
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Monthly Market Update for November 2023 with Harvey Blankfeld
In November 2023, we currently had 4,514 available homes, 1,548 homes sold and currently 2.92 months of available inventory. We currently are experiencing a 15 year low on activity, yet prices are not dropping! Seasonality does have something to do with the market and find out what we think will happen for the next few months. Continue Reading
Monthly Market Update for October 2023 with Harvey Blankfeld
This time last year we had double the inventory we do now. We currently have about 4200 homes on the market and have sold a little less then 2000 in the last month. Although rates are higher than years past, rates have not crashed the market. Homes are still selling and Harvey gives his takes on what he thinks may happen in the last few months of the year. Continue Reading
Monthly Market Update for August 2023 with Harvey Blankfeld
Here is your August 2023 Monthly Market update with July's data. We are seeing the same patterns for the last few months; same sales, same inventory, how long it's taking to sell your home. Will a shift be coming? Check back each month for Harvey's charts on the radio!! Continue Reading
Weekly updates on Southern Nevada Housing Market -11/05/2020
Let’s talk about week 10/22/2020 we had 5,001 homes available on the market and we put 736 homes in escrow. Now we say homes, this chart is only for single family homes. We closed 701 homes and 156 were withdrawn and the median sold price $340,126, median sold price per square feet is $183.37. The inventory continues to shrink and the number of homes in escrow went down a little, but the closing Continue Reading
Commonly asked real estate questions
First question, what if anything are you doing differently to get homes sold today in COVID, crazy world and is there a new trick or sales tactic that’s working especially well? The short answer is no, but the good answer is in today's market, we have to make sure sellers follow protocols and make sure that we are showing houses in a proper factor but the rest of the things are mostly true methods Continue Reading
Renting vs Buying
One of the main reasons to buy in Las Vegas right now (August 2020) is because the cost of buying is so good right now. Interest rates are at an all time low. Harvey explains in this video about this article he read from Fidelity that reviews this formula; if you take your annual rent, divide it by the price of a home purchase, if that number is less than 20, then you should buy. If the number is Continue Reading
Weekly updates on Southern Nevada Housing Market -07/09/2020
A new median price for the month of June for Southern Nevada that is the surprise for today’s show! This past week we currently have available 5,326 homes on the market. Now this is only single-family homes, in escrow we have 813 that is a good number to see. For closing we have 456 homes it went down significantly from the week before which was at 844 homes that have sold. Withdrawn we have 161 Continue Reading
Weekly updates on Southern Nevada Housing Market -07/02/2020
They stop manufacturing R-22 units back in 2010 and no longer allowed to manufacture nor reproduce it. But you can still use it for HVAC units there is a lot of misinformation going around the industry that if you have an older unit that has that R-22 you need to get it replaced as soon as possible. You can actually use R-22 in a unit for the next 10 years. So there is really no rush, EPA said Continue Reading
Supply & Demand in Las Vegas
Is right now a good time to buy or sell? We have the expert Harvey Blankfeld joining Las Vegas NOW. Harvey has not really seen any slow down in the in the market but there is less activity than usual, but prices have held and the prices are not making any major slip or increase. It’s been pretty steady; inventory have been steady dropping as well in the last 6 to 8 weeks. We are seeing good Continue Reading
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