7,625 Single family homes available as of 6/30/14
1,359 Condos available as of 6/30/14
597 Townhouses available as of 6/30/14
14% of sales are Short Sales
Where are the best deals? Depends on what is important to you. In the Las Vegas valley, North Las Vegas will get you the best price per square foot and this even includes newer neighborhoods, north of Ann Road. Henderson as a city remains the most expensive but the master planned community of Summerlin remains the highest priced neighborhood. It is all in supply and demand. Summerlin has the least amount of homes currently available and they are typically selling within 30 days on the market. If you are willing to purchase an older home built prior to 1990, these homes are the best deals many times as there is a notion in Las Vegas if it wasn't built in the last 5 years, it is old.
What about brand new homes? Home builders have been charging a premium which is left over from last years tough buyers market in resale. The home builders were able to provide a home without having bidding wars as a result the builders too advantage of the situation and raised prices. Most builders now are offering great incentives such as including upgrades, special financing and landscaping packages. One builder is even negotiating on the base price on homes already built in certain communities. If you want to wait for your new home to be built and get it exactly like you want, there are still great incentives too.
To search for your new home search here for all homes currently available in Las Vegas, Henderson and North Las Vegas.
