Las vegas real estate market

Real estate investment trusts are almost all selling at a discount at the moment and offer some exposure to the real estate industry without buying physical assets. With the lingering impact of the Coronavirus still unknown, investing in REITs may be a great way to get into the market at a relatively low price and with substantially less exposure to risk.

Foreclosure Market Report, a total of 65, U. The Las Vegas real estate market is no exception. Las Vegas Realtors reported that short sales and foreclosures both accounted for a mere 0. Exactly a year ago, short sales and foreclosures accounted for 2. If for nothing else, fewer states are protecting renters with foreclosure moratoriums brought about by the Coronavirus.

All things considered, foreclosures in Las Vegas are expected to increase over the course of That, combined with a higher-than-average unemployment rate, suggests the Las Vegas real estate market is on the verge of an influx of foreclosures. The median home value in Las Vegas had increased every year since when the country was first starting to remove itself from the depths of the last recession.

The presence of the Coronavirus threatened to interrupt the long-running trend, but the threat was short-lived, and prices continued to march higher. In that time from May to July , the median home value in Las Vegas appreciated by as much as Real estate in Las Vegas has appreciated much faster than the national average by drafting off a strengthening economy, increased consumer sentiment, low interest rates, more savings, and a lack of inventory.

Moving forward, the Las Vegas real estate market is expected to appreciate faster than the national average. With a mere 6. Las Vegas real estate market trends supported local investors for the better part of In particular, investors took part in the simultaneous rise of both home values and demand. Demand was fueled by several tailwinds created in the pandemic.

For starters, the Fed dropped interest rates to a very attractive level to stimulate the entire market. Low borrowing costs catalyzed buyers across the country, and Las Vegas was no exception. Buyers came out in droves and put a significant amount of strain on already low inventory levels. Competition increased in the face of lacking inventory levels, causing home values to increase more than anyone expected.

The rising home values made it difficult for investors to realize higher profit margins, so they turned their attention to another strategy in rental properties. Thanks to many of the indicators which emerged from the pandemic, rental properties became the preferred medium of investment in Not only was it cheaper than ever to borrow institutional money, but prospective landlords could capitalize on loans to simultaneously reduce mortgage obligations and increase monthly cash flow.

Las Vegas real estate market trends gave rental properties more upside in a market where rehabs had reigned supreme for decades. Few housing markets experienced a boom in sound fundamentals on the same level as the Las Vegas real estate market in Consequently, Sin City has become the beneficiary of some rather impressive appreciation rates, the likes of which many homeowners thought were impossible at the time.

Median home values in Las Vegas increased at a rate of more than two times the national average from to , and the gains have continued to today. According to Las Vegas real estate news at the time, few housing markets across the country benefited greater from sound fundamentals than Sin City.

Of those fundamentals, few were more pronounced in than the appreciation of home values. According to Zillow, median home prices in Las Vegas shot up Market Trends There were 3, single-family houses that sold in July , down 5. Market Trends So, for July we had a total of 4, new listings, which was up 5. Market Trends Which brings us to the housing supply in Southern Nevada, it is now at. Well, I hope you have enjoyed our monthly market update for August Related posts.

Previous Next. Lic S Call: S. Eastern Ave. The high-rise market has been flat, stable over the course of the pandemic. That is opposed to the free-standing home, condo and townhome market which Read More. Posted In: Uncategorized. Additionally, the boost in inventory is also not expected to be high enough to cause a crash. Besides those return on investment statistics for the average Las Vegas rental property, more inventory, motivated sellers , and a decline in prices is a great environment to snatch up real estate deals.

The Las Vegas real estate market will be a great place to invest in real estate, based on these trends. The only advice here would be to keep an eye on the unemployment rate.

Generally, investors should choose a real estate market with a low unemployment rate. If brings with it a COVID vaccine and the hospitality industry is able to return to normal, hopefully, unemployment rates will recover. So where should you buy a Las Vegas rental property in this vast residential real estate market?

Our next Las Vegas housing market prediction points to 10 of the best neighborhoods in Las Vegas for real estate investing.

The following neighborhoods made this list because they currently provide investors with good cash on cash return and are forecast to do so in Find Cash Flow Properties Now. Buying a rental property in the Las Vegas real estate market could mean deals and cash flow.

Start your search here at Mashvisor. Sylvia was the Content Marketing Manager at Mashvisor. As a real estate writer, she has been covering topics for the beginner and advanced real estate investor, helping them make smarter decisions as well as real estate agents looking to take their business to the next level.