Condos and townhomes add 793 options for today's buyers. The total number of homes for sale is 3437 as of this morning. Home prices fall sharply during the winter, but remain fairly stable once May arrives. If you want to get the best deal on your new home, plan to buy it after December and before April.
Your real estate agent can offer more detailed guidance on how to time the market effectively. Another best time to buy with guaranteed low home prices is in the winter months. For example, in the first two months of the year, home prices are about 8.4% lower than in the busy spring months, when one in four homes sells above the sale price. Home prices continued to rise during April in the Las Vegas housing market, and the median price of single-family homes rose to another all-time high.
While first-time buyers are struggling to enter the market, experienced homeowners are buying second homes. It's a seller's market in Las Vegas, because at the time of writing this article there is less than 1 month of inventory in the market. Las Vegas' diverse economy includes low-skilled but well-paying jobs in entertainment, hospitality and services. Carson City's unemployment rate remained at 3.0 percent and the Las Vegas-Paradise rate remained stable at 5.0 percent.
More than 100,000 manufacturing jobs were created in three years in just five southwestern states, with Nevada accounting for 30% of the national total, according to the Las Vegas Sun. These are just a few of the highlights that make Las Vegas a great place to live and invest in real estate. While home prices in Las Vegas have remained relatively stable, rental rates for apartments and single-family homes have increased. While the city center is easily accessible via I-515, Whitney Ranch also offers some distance from the Strip, making it perfect for those who want to be close to the fun of Las Vegas without being consumed every day.
And in Nevada, waiting for the home shopping season to end in late summer may be an ideal time to shop. However, there are many parts of Las Vegas and the surrounding area that are expected to decline in value. Billed as “the entertainment capital of the world,” Las Vegas's economy is much more than just gambling and tourism. Buying a property in Las Vegas gives you more opportunities to make friends and become part of the diverse Las Vegas community.
These conditions allowed city developers to attract companies of all kinds to choose Las Vegas instead of California. Las Vegas is a destination for millions of visitors, the city is famous for its vibrant nightlife, exciting gambling and the natural charm of the beautiful desert that surrounds the greater metropolitan area.