Las Vegas Housing Market | September 2015

Las Vegas Housing Market

The Las Vegas housing market was one of the top cities effected by the recession. Foreclosure rates were through the roof and consequently many Las Vegas residents lost their home. The recovery of the housing market in Las Vegas has been gradual, but home prices in certain areas are rising to their previous height and the realLas Vegas housing market estate market is thriving again. Below is a report of the state of the current Las Vegas housing market.

In September of 2015, 2,591 homes were sold in the Las Vegas housing market. This number decreased from the previous month, August, where 2,730 homes were sold. The number of condos sold in September also decreased from August by 34.  Townhouses also decreased this month from  August by 9. 23% of the homes sold in August had pools. There were 208 repossessed homes sold in August which declined from the 251 sold in July.

The decrease in homes sold make it a sellers market as there are less homes available. This makes it a bigger competition for buyers to purchase what they want. The number of homes that were sold as short sales has decreased by 2, 178 short sale homes sold in August while only 176 short sale homes sold in September.

Las Vegas housing market by price point:
Of the homes sold in September, 290 were homes under $100,000. Homes priced between $100,000 and $200,000 had the highest amount of sold homes in the month of September out of all the broken down price ranges. 1,087 homes were sold in September priced between $100,000 and $200,000 making it 42% of all homes sold in Las Vegas. Homes between $200,00 and $300,000 made up 30% of the homes sold in Las Vegas which is down by 4% compared to the month of August. 269 homes priced between $300,000 and $400,000 were sold during the month of August while 92 homes sold for $400,000 to $500,000. 41 homes priced between $500,00 and $600,000 were sold in this price point, which increased since the month of August. 24 homes sold between $600,000 – $700,000, and only 10 homes sold between $700,000 – $800,000. 5 homes sold in Las Vegas were priced between $800,000 and $900,000 and only .5% were priced between $900,000 and 1 million sold in the month of August.

Las Vegas housing market by Community:

Las Vegas housing market for Centennial Hills
*Centennial Hills featured listing*
27 homes sold in the community Centennial Hills in August 2015. There are 54 active listings in Centennial Hills. The Average price is $370,792, the highest listing price is $875,001 and lowest listing price of $144,900.

Las Vegas housing market for Aliante
27 homes sold in Aliante in September, which decreased from the 39 homes sold in August. Aliante is a gorgeous master planned community developed in North Las Vegas near the Sheep Mountains. The average listing price Jessica Joy-36is $289,821, the highest listing price is $475,000 and the lowest listing price is $169,900. Aliante is primarily located in the 89084 zip code. See all the newest homes for sale in Aliante here.

Las Vegas housing market for Arlington Ranch
10 homes sold in Arlington Ranch in September, which increased significantly from the 2 homes that sold in the month of August. Arlington Ranch is a single-family home to townhome gated community located west of Mountains Edge in Las Vegas. Homes for sale in Arlington Ranch range from 1,060 sq ft to 3,400 sq ft and have median list price of $262,400 and an average price of $69 per sq ft. The average days on market for homes in Arlington Ranch is 17. Homes for sale in Arlington Ranch.

Las Vegas housing market for Alta Mira
1 home sold in the community Alta Mira in September. Alta Mira is a well maintained master planned community just north of Decatur Blvd. its approximately 0.483 square miles and has a population of around 2,466. Alta Mira is located in the 89130 zip code and has an average listing price of $197,646. Homes for sale in Alta Mira have 3-4 bedrooms and 1-2 bathrooms. To see all the newly listed homes in Alta Mira click here.

Las Vegas housing market for Coronado Ranch
7 homes sold in the community Coronado Ranch in the month of September 2015 which decreased from the 5 sold in August. Coronado Ranch is located between Southern Highlands and Rhodes Ranch golf Community in the 89139 zip code area. Coronado Ranch has 2 story homes with 3-4 bedrooms, 2-3 bathrooms, and 2 car garages in a 24 hour guard gated community. Homes for sale in Coronado Ranch.

Las Vegas housing market for Canyon Gate
5 homes sold in Canyon Gate in September, which increased from the 3 homes sold in August. The median sales price for homes in Canyon gate is $265,000 which is 35% higher than the median sales price for Las Vegas. The Average price per sq ft for Canyon Gate is $130 and the average rent in Canyon gate is between $1,600 and $3,230. See all homes for sale in Canyon Gate. 

Las Vegas housing market for Desert Shores
14 homes sold in the community Desert Shore in September which is 10 homes less then the 24 that sold in August. Desert Shores is a master planned community located in NW Las Vegas in 1988 in the 89128 zip code. From condos to gorgeous luxury homes, there is a place for every home owner in the Desert Shores community. See homes for sale in Desert Shores.

Las Vegas housing market for Desert Inn
1 homes sold in the community Desert Inn in September. See homes for sale in Desert Inn.

Las Vegas housing market for Elkhorn Ranch
2 homes sold in the community Elkhorn Ranch in August, while 0 homes sold in September. Elkhorn Ranch is located in 89149 and consist of two neighborhoods, Twilight (single family homes) and High Noon (condos).  See homes for sale in Elkhorn Ranch.

Las Vegas housing market for Eldorado
13 homes sold in the community Eldorado in September. Eldorado is located in the far north of the valley in North Las Vegas. The average listing price for Eldorado is $258,930, the lowest listing price is $154,990, and the highest listing price is $430,000. Eldorado homes have 3-5 bedrooms and 2-4 bathrooms. See homes for sale in Eldorado.

DSC_7991_2_3Las Vegas housing market for Elkhorn Springs
6 homes sold in the community Elkhorn Springs in September 2015. Located in the NW portion of the Valley close to Mount Charleston and ski resorts, Elkhorn Springs is a small intimate community with 500 homes in 89131. The average price of homes for sale in Elkhorn Springs is $265,200, the lowest listing price is $195,900, and the highest listing price is $390,000. See homes for sale in Elkhorn Springs.

Las Vegas housing market for Iron Mountain Ranch
16 homes sold in the community Iron Mountain Ranch in September. Iron Mountain Ranch is small master planned community in the NW side of the Valley in the 89131 zip code. Iron Mountain Ranch is a gated neighborhood with 4 wodded parks walking paths, and ponds and brooks. The average price of homes in Iron Mountain Ranch is $303,933, the lowest listing price is $160,000, and the highest listing price is $535,000.  See homes for sale in Iron Mountain Ranch.

Las Vegas housing market for Las Vegas Country Club
6 homes sold in the community Las Vegas Country Club in September, which is the same amount that sold in August. Las Vegas Country Club has a median list price of $317,000 and $160 per sq ft. See Las Vegas Country Club homes for sale.

Las Vegas housing market for Las Casitas
0 homes sold in September for Las Casitas, which decreased from the 2 homes that sold in the community in August. See Las Casitas homes for sale.

Las Vegas housing market for Lone Mountain West
2 homes sold in the community Lone Mountain West in September, which is 1/4th of what sold in August. Lone Mountain West is located in 89129. See Lone Mountain West homes for sale.

Las Vegas housing market for Lone Mountain
7 homes sold this September, which is 5 less homes than the month of August 2015. Lone Mountain is located in the 89129 zip code and have homes with 3-5 bedrooms and 2-4 bathrooms.  See homes for sale in Lone Mountain.

Las Vegas housing market for McNeil
1 homes sold in the community McNeil in September, which is a decrease from August where 2 homes sold. McNeil is located in 89102 and has a majority of single story homes with 3-5 bedrooms and 2-4 bathrooms. The Median list price is $330,000 and has a median sale price of $313,000. See McNeil homes for sale.

Las Vegas housing market for Los Prados
8 homes sold in Los Prados, which is an increase from the 6 homes sold in the community in August. Los Prados is a guard gated, age restricted 55+ community. It has 1,358 total homes, a variety of homes ranging from 1,083 sq ft to 3,300 sq ft, 2-4 bedrooms, and 2-4 bathrooms, and a golf course owned by community residents. See homes for sale in Los Prados.

Las Vegas housing market for Lynbrook
Another increase in home sales this month, 7 homes sold in Lynbrook which is 2 more then the 5 homes that sold August 2015. Lynbrook is a small master planned community on the NW side of Las Vegas in 89131. It’s gated a gated community with an average price of $293,971, the highest listing price is $419,999 and the lowest listing price is $209,900.  See Lynbrook homes for sale.

Las Vegas housing market for Mountains Edge
71 homes sold in Mountains Edge in September, which increased from August where 63 homes sold. Mountain’s Edge is a beautiful community located in Southwest Vegas. This region is a master planned community, which was envisioned by Focus Property Group. There are currently 52 neighborhoods in Mountain’s Edge. These neighborhoods make up over 14,000 homes located in Mountain’s Edge. See homes for sale in Mountains Edge.

Las Vegas housing market for Nevada Trails
8 homes sold in the community Nevada Trails in September. Nevada Trails is in the 89113 zip code in Las Vegas. The median list price for homes for sale in Nevada Trails is $387,925 and $133 per sq ft. Homes in Nevada Trials have 3-5 bedrooms and 2-4 bathrooms. See Nevada Trails homes for sale.

Las Vegas housing market for North Shores
4 homes sold in the community North Shores in September. North Shores has a population of 3,901 residents with about 61% being homeowners. The median list price is $219,900, the median price per sq ft is $117. Homes in North Shores have 2-5 bedrooms. SeeNorth Shores homes for sale.

Las Vegas housing market for Peccole Ranch
16 homes sold in Peccole Ranch in September, which is double from the 8 homes sold in August. Peccole Ranch is a community located SW between the Lakes and Summerlin. Homes for sale in Peccole Ranch have an average price of $306,755, with the highest listing price of $565,000 and the lowest at $125,000. See homes for sale in Peccole Ranch.

Las Vegas housing market for Painted Desert
9 homes sold in Painted Desert in September which decreased from 16 homes sold in August 2015. Painted Desert is an elegant guard gated golf course community, located on 460 acres on the NW side of the Valley in the 89149 zip code. The average price of homes in Painted Desert are $338,455. The highest listing price is $669,000 and the lowest listing price is $180,000. See homes for sale in Painted Desert.

Las Vegas housing market for Providence
47 homes sold in the community Providence in September. Providence is a master planned community on 1,200 acres, in the NW corner of the Las Vegas Valley in the 89166 zip code. Providence has 30 distinct neighborhoods and approximately 7,500 residence. The average price of a Providence home for sale is $284,305, the highest listed price is $579,900 and the lowest listed price is $166,000. See homes for sale in Providence.

Las Vegas housing market for Queens Ridge
6 homes sold in the community Queens Ridge in September, which is a big increase from the 1 home that was sold in August. Queensridge is located in the 89145 Las Vegas zip code. The oopulation of Queensridge is 25,476 with a median age of 34. Queensridge has an average household net worth of $459,695. The median household income is $61,412 while the average household income is $81,556. See Queens Ridge homes for sale.

Las Vegas housing market for Red Rock Country Club
5 homes sold in the community Red Rock Country Club in September. This gated, luxury village located in Summerlin features amazing homes which surround the Red Rock Country Club golf course.  The homes located in this village are strictly Summerlin luxury homes. If you are looking for an exclusive feel when searching for your next Summerlin luxury home, then Red Rock Country Club is the village for you. See Red Rock Country Club homes for sale.

Las Vegas housing market for Rancho Las Palmas
5 homes sold in September which increased from the 2 homes sold in August 2015.

Las Vegas housing market for Rhodes RanchCastle Canyon-10
26 homes sold in the community Rhodes Ranch in September. Rhodes Ranch is a guard gated community with 1,330 beautiful acres located in the SW section of Las Vegas in the 89148 zip code. The average price of homes for sale in Rhodes Ranch is $397,316, the highest listing price is $799,000, and the lowest listing price is $195,900. See homes for sale in Rhodes Ranch.

Las Vegas housing market for Southern Highlands
57 homes sold in September in Southern Highlands which has increased from the 38 homes sold in August. Southern Highlands is a region of Las Vegas, which is known for its golf courses, which are some of the finest in the nation. Homes in this area tend to be larger than the rest of Las Vegas and the average price range is over $100,000 more than Las Vegas’s average house price. These communities have highly rated homeowner associations, which take pride in the area and ensure that the common grounds are maintained according to the highest standards. 89% of homes for sale in Southern Highlands are traditional sales, which is a very high percentage in Las Vegas. This indicates that the real estate market in this area is stable and that those purchasing Southern Highlands homes for sale have steady jobs and income. 3.5% of Southern Highland homes for sale are REO or bank owned homes. 7.5% of homes for sale in Southern Highlands are short sales. The average price range for homes for sale in Southern Highlands is $305,000. See homes for sale in Southern Highlands.

Las Vegas housing market for Shadow Hills
No homes sold in Shadow Hills in September, which decreased from the 6 homes sold in August. Shadow Hills is located in 89129 and has a median list price of $297,250, $117 per sq ft. Seehomes for sale in Shadow Hills.

Las Vegas housing market for Silverado Ranch
58 homes sold in the community Silverado Ranch in August. Silverado Ranch has many housing options, ranging from condominiums and town homes to single family homes. The average price for a home for sale in Silverado Ranch is $286,146, the highest listed price is $679,000, and the lowest listed price is $142,500. See homes for sale in Silverado Ranch.

Las Vegas housing market for Siena
14 homes sold in the community Siena in September. Siena is a guard gated community located in southwest Las Vegas that has about 1800 homes. Home buyers in Siena can select from 4 attached villas and 14 single family floor plans. Average Villas range from 1,040 to 1,378 sq ft and feature one or two bedrooms, 1.5 or 2 bathrooms, and an attached 2 car garage. See Siena homes for sale.

Las Vegas housing market for Silverstone Ranch
5 homes sold in the community Silverstone Ranch in September. Silverstone Ranch is a newer master planned golf course community in NW Las Vegas in 89131. The Average price for homes for sale in Silverstone Ranch is $345,621. The highest listed price is $925,000 and the lowest listed price is $186,999. Homes for sale in Silverstone Ranch range from 1,558 sq ft to 3,448 sq ft. Seehomes for sale in Silverstone Ranch.

Las Vegas housing market for Silver Springs
Silver Springs had 1 home sell in August. Silver Springs is located in 89123 and has homes with 2-4 bedrooms and 1-3 bathrooms. See homes for sale in Silverado Springs.

Las Vegas housing market for Southern Terrace
1 homes sold in the community Southern Terrace in September 2015. Southern Terrace is a community in the SW part of Las Vegas. Homes in Southern Terrace are 3-5 bedroom and 2-4 bathrooms. See homes for sale in Southern Terrace.

Las Vegas housing market for South Shore
6 homes sold in the community South Shore in September. South Shore is a master planned community made up of single family homes. This community is located within the NW Las Vegas valley near Desert Shores and Summerlin. See homes for sale in South Shore.

Las Vegas housing market for Spanish Trails
8 homes sold in the community Spanish Trails in September. Spanish Trails is located in the 89113 zip code and was developed in the 1980’s and was one of the first true private guard gated golf communities in Las Vegas. The average list price for Spanish Trails is $1,211,144, and the highest list price is $9,000,000. There are 1,252 homes in this elegant community, a fitness center, two pools and spas, and The Spanish Trails Golf & Country Club with over 640 acres and a private 27 hole course. See homes for sale in Spanish Trails.

Las Vegas housing market for Spanish Oaks
2 homes sold in the community Spanish Oaks in Septembr. Spanish Oaks is in the 89102 zip code. Homes for sale in Spanish oaks have 2-5 bedrooms and 3-5 bathrooms and have a median list price of $389,000. See Spanish Oaks homes for sale.

Las Vegas housing market for Spring Mountain Ranch
13 homes sold in the community Spring Mountain Ranch in September. Spring Mountain Ranch is a master planned community of single family located in the 89143 zip code. There are 2,075 homes in Spring Mountain Ranch ranging from 968 sq ft to 6,087 sq ft. The median sale price of homes for sale is $156,000. See Spring Mountain Ranch homes for sale.

Las Vegas housing market for Spring Valley
Jessica Joy-2914 homes sold in Spring Valley in September, which decreased from the 25 homes sold in August. Spring Valley is a community in Las Vegas with a population of about 178,395 people. It’s among those of the most popular neighborhoods in Las Vegas. The average price for a home in Spring Valley is around $329,596. The Median Sales Prices of homes in Spring Valley is $179,000, which has increased 6.2% since last year. See homes for sale in Spring Valley.

Las Vegas housing market for Summerlin 
138 homes sold in the community Summerlin in August. Summerlin has a wide variety of housing options. Many luxury homes are found in Summerlin, and many of Summerlin’s subdivisions are gated communities, providing its residents with quiet, safe neighborhoods. Summerlin’s luxury homes for sale reach up into the millions, but there are also high end condos listed below $150,000.  See homes for sale in Summerlin.

Las Vegas housing market for Stallion Mountain
12 homes sold in the community Stallion Mountain in September. Stallion Mountain is a golf course community on the SE edge of Las Vegas. The average price of homes for sale in Stallion Mountain is $224,528. The highest listed price is $379,900 and the lowest listed price is $164,900. Stallion Mountains has 4 neighborhoods, The Fiarways which is located alone the golf course and houses range from 1531 sq ft to 2300 sq ft. The Links, homes range from 1190 sq ft to 1619 sq ft. The Greens, which offers the largest homes ranging from 2476 sq ft to 2881 sq ft. and Black Hourse which offers condos ranging from 935 sq ft to 1196 sq ft. SeeStallion Mountain homes for sale.

 

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