Vegas Realty Check

Unlocking the Las Vegas Real Estate Market: Legal Updates & Market Trends

June 13, 2024 Trish Williams - Keller Williams The Marketplace- S.0175530 & Tiana Carroll S.178943
Unlocking the Las Vegas Real Estate Market: Legal Updates & Market Trends
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Vegas Realty Check
Unlocking the Las Vegas Real Estate Market: Legal Updates & Market Trends
Jun 13, 2024
Trish Williams - Keller Williams The Marketplace- S.0175530 & Tiana Carroll S.178943

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Ready to unlock the latest secrets of the Las Vegas real estate market? Discover how the Federal Reserve's interest rate decisions and new VA brokerage agreements are shaping the landscape, alongside pivotal insights into the NAR lawsuit. We’ll shed light on why mandatory brokerage agreements are becoming indispensable and why an upcoming change in MLS compensation rules on August 10th is a game changer. Plus, we’re gearing up for new real estate forms in July, emphasizing the necessity for continuous learning and adaptability in this dynamic environment.

Ever thought about owning land on the moon? We touch on that and much more, including our excitement for Las Vegas Restaurant Week, benefiting the Three Square food bank. We also tease an exclusive tour of a spaceport property. But it’s not just about outer space; we delve into local market trends too, such as a spike in single-family home inventory and how it impacts the housing market. Tune in to understand market dynamics, including how quickly homes are selling and the unique stability of the Vegas market.

Support the Show.

Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.

Our expert hosts break down the complexities of the ever-changing Las Vegas property market, analyze market trends, economic indicators, and unique property features to provide you with valuable insights on timing your home sale or purchase.

Don't miss out on the fun! New episodes drop every Thursday! Stay in the know about Las Vegas real estate with insights straight from the pros . Thanks for watching, listening, and sharing!

If you LOVE our content , Please subscribe to our show here

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Ready to unlock the latest secrets of the Las Vegas real estate market? Discover how the Federal Reserve's interest rate decisions and new VA brokerage agreements are shaping the landscape, alongside pivotal insights into the NAR lawsuit. We’ll shed light on why mandatory brokerage agreements are becoming indispensable and why an upcoming change in MLS compensation rules on August 10th is a game changer. Plus, we’re gearing up for new real estate forms in July, emphasizing the necessity for continuous learning and adaptability in this dynamic environment.

Ever thought about owning land on the moon? We touch on that and much more, including our excitement for Las Vegas Restaurant Week, benefiting the Three Square food bank. We also tease an exclusive tour of a spaceport property. But it’s not just about outer space; we delve into local market trends too, such as a spike in single-family home inventory and how it impacts the housing market. Tune in to understand market dynamics, including how quickly homes are selling and the unique stability of the Vegas market.

Support the Show.

Welcome to Vegas Realty Check, the informative podcast that dives deep into the world of Las Vegas real estate.

Our expert hosts break down the complexities of the ever-changing Las Vegas property market, analyze market trends, economic indicators, and unique property features to provide you with valuable insights on timing your home sale or purchase.

Don't miss out on the fun! New episodes drop every Thursday! Stay in the know about Las Vegas real estate with insights straight from the pros . Thanks for watching, listening, and sharing!

If you LOVE our content , Please subscribe to our show here

https://www.buzzsprout.com/1428685/support

Linktree https://linktr.ee/vegasrealtycheck?utm_source=linktree_profile_share&ltsid=665d8181-2204-45fb-b56f-e8ed3efbfd18
Send Listener Questions to : VegasRealtyCheck@gmail.com
Access All Episodes at RealtyCheck.Vegas
Watch Live on Facebook Thursdays @9:30am PST
https://www.facebook.com/VegasRealtyCheck
Linktree https://linktr.ee/vegasrealtycheck?utm_sourc...

Speaker 1:

Hey, Las Vegas, welcome back to Vegas Realty. Check your local Las Vegas real estate news show. I am Trish Williams and I'm Tiana Carroll. Welcome back, you guys. Yes, we are in the first week of our second week. Second week, Second week of.

Speaker 2:

June, in the middle of our year, that puts us in the middle of our year.

Speaker 1:

Middle of our year and, guys, that means that we have market reports for you today.

Speaker 2:

That also means that summer's almost halfway over? No, I think summer started in July?

Speaker 1:

It's June, yeah, no, but I mean, does it like start in July, july, august, september, summer, like? In real life like not Vegas, but like real summer June, july, august. Oh, june July. Okay, all right, whatever.

Speaker 2:

Yeah, vegas summer is like April through October, which I'm totally down for.

Speaker 1:

I love a nice, uh tempered climate yeah, it always stops around halloween, yep, and that's when it gets cold here yeah, that's like a hard out come october 31st.

Speaker 1:

It's like okay, cold weather from here on out yeah, yeah, and um, in news, uh, not much, uh, except for the Fed met yesterday. Oh, okay, but no big news from them. They said we are keeping things the same. They did say that inflation looks to be under control, or like it's getting under control, and that will eventually go over into them moving, you know, doing adjustments on the rates. But currently, right now, they're erring on the conservative side and keeping everything the same. Yeah, just, it almost took two years. Yeah, no jumps up, no, jumps down, just the same.

Speaker 2:

Yep, and then there was also news coming out of the VA about a buyer brokerage agreement coming out of the VA. About a buyer brokerage agreement. Typically VA loans do not let the veteran pay for buyer brokerage compensation. But now there was a circular 26-24-14 that had a bunch of changes saying that temporarily that veterans will be allowed to pay for. They're advocating, obviously, for the seller to pay for the veterans charges, but they are allowing veterans to do it if pushes comes to shoves, temporarily until everything from that NAR lawsuit gets hammered out and finalized, which could be like our interest rates, right, it could be like another couple of years before it all works out in the wash Before you figure it all out.

Speaker 1:

So, and I have had a lot of people ask like, when are all of these changes going into effect? Well, some of them have already started. You know, like the, the, the mandatory brokerage agreements. That already is a thing. We have to have that before showing homes and, um, gosh, that's been um.

Speaker 1:

I've had a few people like what, why? And I'm like, yeah, this is the way before we even show a home. You know, this is the way that it goes, because I have had in the past where you know if it's someone that I'm meeting for the first time, we'll go out, we'll do our first showing, make sure that we vibe together, that we're okay with working together, and then go into the contract. So I haven't always in the past done it the first day before we show the first time we meet. Now it is before you show first time you meet.

Speaker 1:

That's the rule, that's how it has to happen. So don't be surprised out there when your agents say that this is the way it works and those buyers consultations are really good because that gives you a chance to interview your agent ahead of time and find out what they're offering and what they're doing. So, yes, it's not as quick as a process as it was in the past, but this is the way the world is now and this is how we're getting through it. As far as the changes on the MLS that are going to be removing any compensation co-op offerings, yeah, that's not going to be until next month.

Speaker 1:

August 10th?

Speaker 2:

Oh, did they move it to August 10th? Yeah, they moved that to.

Speaker 1:

August 10th. So those changes will be reflecting in the MLS on August 10th, and then we'll you know. A lot of people are saying, like then we'll learn how the real world is navigating. Like we all have. We're all in preparation, right. Like is what we're going to do and this is how we're going to do it and getting ready for it. But, of course, just like anything, this is a new playing field for us.

Speaker 2:

We'll see how it all operates once it is fully in action, Just like the Fed's raising the interest rate. We're just going to navigate through it and make it work, and business is still going to happen.

Speaker 1:

Business is still going to happen. There's no way. It's not, and I think that it's going to be not any dramatic changes either, but we'll see as time flows and people get the hang of it.

Speaker 2:

Well, I sent you the meme the other day that it was all same same, different, but same same yeah exactly. Because that's the reality. Because the reality is they never said that sellers couldn't pay for the compensation. They just said we couldn't put it in the MLS. So business may not change much at all for anybody.

Speaker 1:

Yeah, and then coming soon, I'm sure sometime in July. I'm waiting for them to release and the division's going to release us all. New forms Yay, I love new forms, more training.

Speaker 2:

I do like that. It's important to always keep learning for your brain.

Speaker 1:

Yeah, well, we do, we have to, we have to do continued education, we have to get trained on the forms that we have. So, yeah, we're going to have all new purchase contracts, all new forms, all new things to work with to reflect this new environment that we're in, so that's going to be great.

Speaker 2:

Yeah, that is going to be good and I'm excited to see what the new forms will actually show with this, with all the changes that they're proposing to make. So we'll see what it actually transpires and, like I said, like the interest rate, it's just going to be working it all out and working through it and it might take six months, or it might take a couple of years, but we got you. We're here for it, absolutely.

Speaker 1:

And the the other thing. Um, next thing I mean we talk about Spaceport all the time now. Um, I feel like we're just like a Spaceport show now Right, we're only here.

Speaker 2:

If we're going to space, we don't, we're, we're looking to sell. Be the first realtors to sell uh real estate on the moon. So spaceport's important for us.

Speaker 1:

Well, I do own an acre of property on the moon. Oh, is that real? I don't know if it's real, but I have a deed for it. I bought it. I have a deed for it.

Speaker 2:

That's cool. I don't own any moon space. I do own a bunch of stars, yeah.

Speaker 1:

No, I have some moon land, nice, nice, we, I have some moon land.

Speaker 2:

Nice.

Speaker 1:

We'll see if that holds up in court when they give us access, because I got that years before it was even thought of Right.

Speaker 2:

That could be like your version of crypto. You're like here's $100. I'll buy the moon, yeah. Ten years from now, it's worth a million.

Speaker 1:

Yeah, we'll see if that's like a legitimate deed. They said it was yeah.

Speaker 2:

But you know, know, who knows? I mean, I think I paid 20 bucks for it, so then that would be, that would be a very good deal, a very good investment. I'm gonna go spend. I'm gonna go spend 20 bucks because I want it's a lot more. Now it has appreciated you keep, you got it bookmarked. You're like what's what's my, what's my property?

Speaker 1:

value. How do you get?

Speaker 2:

a cr or like a. How do you get comps for that?

Speaker 1:

I that, no comps. You just look at what they're currently selling moon land for and I I was on.

Speaker 2:

I was in the early phases all right, the first phase, like new construction, when they they were just selling, there was no um yeah, so I do want to throw out there las vegas, that, uh, if you don't know, it is Restaurant Week in Las Vegas, from Three Square. Do you know what that is?

Speaker 1:

Kind of you go to restaurants. They donate to Three Square.

Speaker 2:

Very good. It is that easy, y'all. It is that easy and it started, man, I want to say, almost a decade ago. It was. I believe Bobby Flay was one of the first chefs to put it together and it supports our local food bank. That does all of our three squared food bank, and it's usually June 3rd through the 14th. A lot of the restaurants when I was going through the list have extended till the end of the month. Some are the 21st, some are the 23rd, but you get a variety of restaurants on there, right. Anything you're looking for. I think they have 70 restaurants this year.

Speaker 2:

You go, it's like a tasting menu, a prefix price of like 30, 40, a hundred, whatever, depending upon the grade of restaurant, and then that money goes to three squared. For those of us who love to eat, it's like Christmas breakfast, lunch and dinner at all the places trying everything. It is so much fun. So if you're in vegas for, uh, the second week of june, make sure you check out the las vegas restaurant week website and go out there and eat some delicious food. That sounds awesome. It is awesome. I love it so much I mean because it's really cool. Like, um, I think Bizarre Meats had something for like $150 and you get like a four-piece tasting menu and there was Wolf and Sparrow and I think Mayfair is on. There's so many, it's so many great restaurants.

Speaker 1:

Yay, awesome, awesome.

Speaker 2:

Sounds delicious, it is delicious. I can't wait.

Speaker 1:

I'm going to Giada's Great so back to what I was saying about Spaceport. Oh sorry, we uh. So back to what I was saying about spaceport. Um, we are going to tour the property.

Speaker 2:

Oh, you're giving that away. It's not going to be a surprise.

Speaker 1:

Yes, we're touring the property. We are going to tour the property.

Speaker 2:

I don't know if property is exactly what we can call it.

Speaker 1:

It might be just yeah, we're gonna see the land but we'll see when we, when we get there, what, uh what all it is. They have like a presentation set up for us that we have. We have booked a exclusive tour, so we will be reporting back with some information of what we find out over there. Yeah, we'll see. Uh, we'll see what's happening and I'm sure they're going to give us a lot of details on it that we can talk about yeah, yeah, I'm excited about that because it has been like a few weeks in a row.

Speaker 2:

We keep bringing it up. Keep bringing it up because we're searching for it. You, you went out there.

Speaker 1:

I went out there looking for it, but now I will actually be able to find it.

Speaker 2:

I went out there, talked to the locals, got directions, but I didn't go look out there. My time got cut short, but now we'll see it in person, yeah, which means you guys will get to know what all the goods are. So, make sure you like, share and subscribe. You don't want to miss spaceport, yes, so do all the things with all the buttons like share, subscribe, download. Make sure you join us back so that way you get the scoop.

Speaker 1:

Yes, and it's going to be super exciting. Touring dirt in the middle of the summer, can't wait, highly recommended, can't wait. So anyways, our numbers for this week, even though we're going to go into our market, numbers that are reflecting the whole month of last month. Right now, this week, we are seeing, and I've seen it coming, I've been feeling it, even the slight change.

Speaker 2:

I've been seeing it in the market. This numbers really show that it's not that much of a slight change.

Speaker 1:

Yes, and I'm seeing it in the market, even a little bit of a change. You can see it in the activity and I'm seeing it in the market, even a little bit of a change. You can see it in the activity and that change is our inventory is spiking.

Speaker 2:

Not only is our inventory spiking, because this week we have 3,783 single family homes, but also our souls.

Speaker 1:

What are they doing? 3,94. They're falling last week. That's not a strong number, guys.

Speaker 2:

What are?

Speaker 1:

you doing 394. They're falling last week. That's not a strong number guys, that's almost 200.

Speaker 2:

That's like 172, 73 less than last week. Yeah, because last week we were at 572 sold. This week we are at 394 sold. Yes, yes.

Speaker 1:

I hope that last week was because it was end of month, though yeah, end of month always has more closings.

Speaker 2:

Absolutely so. That could be that the mad dash to get in at the end.

Speaker 1:

But the spike in inventory is making your listings less busy. Right, there's a lot less people shopping, there's options out there, there's options out there. And when we see inventory grow, there's more choices for buyers. And another sign of inventory growing is there's less buyers that are buying them up right now. So you know that it's more they're growing before they're selling. So we're seeing that it's still not a traumatic number, but we are seeing the spike and I am actually seeing it, the repercussions of it actually in the real world and real estate out there In the marketplace itself.

Speaker 2:

Now, all that being said, now if we look at the numbers for this last month, you'll see that everything is actually up from the month over it. Yes, correct, so that's good.

Speaker 1:

And we had that slight dip in interest rates last month which caused a lot of activity. It did and we had that slight dip in interest rates last month, which caused a lot of activity which, if we had hey people, interest rate, head people out there just that little slight tick can make a difference. So let's get that happening again.

Speaker 2:

Yeah, but as we always say, don't follow the crowd. Yeah, exactly, don't follow the crowd. All the best deals are to be had when you're not following the crowd. So if the interest rates are a little higher, then it's easier to get into a property because there's less competition versus once those interest rates drop. It's like chumming the water. All of a sudden there's every buyer and their mother in the marketplace. Yep.

Speaker 1:

And this inventory, this slight spike in inventory, is also showing in price decreases, which is at 510. It is, yep, it is, and then under contracts, look good, 646.

Speaker 2:

Yep, those do look good. Let's keep those up there. I like when the under contracts stay in, that like six to 700 range.

Speaker 1:

Yeah.

Speaker 2:

Yeah.

Speaker 1:

Makes me feel better. Yes, so let's rewind back to the month of May.

Speaker 2:

Yes, let's go back in time.

Speaker 1:

Yes, Okay. So last month our units sold were up almost 4% from the month before.

Speaker 2:

Yeah, we did a total of 2,401 units last month. That's single family units. That's not counting condos. There was 690 of those sold.

Speaker 1:

Condos. So that was only up like 1%.

Speaker 2:

Yeah, but still up.

Speaker 1:

Still up Median price up Again. That low inventories holding those prices really steady, yeah. So the median price of single family units was 473,000, which was up 7% 7%.

Speaker 2:

That's a good number, guys. That's a good number. Yeah, that's the number that all my investors like.

Speaker 1:

Yeah, condos and townhouses 7.3%, median price at 295.

Speaker 2:

Very nice that one actually stays close on the price. If you go the median price versus the new listings price, they're pretty even right, like the new listings on the average are 295,000, but the actual sold price I mean 298,000, but the actual sold price is 295,000 for that median price, which is good. But it's almost 25 grand discrepancy in single family homes because they come on the market about $500,000 on the median and then sell for about $473,000.

Speaker 1:

Right, right, and new listings. We're seeing those in single family up 20%. So again told you guys we're seeing a spike in inventory.

Speaker 2:

There is those numbers going up.

Speaker 1:

Yeah, 31, 23. I don't know if it's a spike in inventory or it just was slow this week. Yeah, we're seeing a spike definitely.

Speaker 2:

Well, we're seeing growth, that's for sure.

Speaker 1:

Available units is up 6.1% 38, 69 in single family.

Speaker 2:

Which doesn't give us many effective months of inventory does it we're still playing in that one and a half percent mark. Yeah, one and a half months, I mean.

Speaker 1:

Yeah, so we're still not. I mean they say it'll take three months of inventory to switch to a buyer's market, so we're only halfway there.

Speaker 2:

But each week we keep getting closer yeah.

Speaker 1:

Lucky us, yeah, so okay. And then in condos and townhouses, pretty much the same, except for did you see that effective availability of condos and townhouses is up 42%?

Speaker 2:

42%. Wow which is crazy because it's still less than two months worth of inventory. We're at like 1.9 months, but still 41% growth in that condos and townhomes.

Speaker 1:

And you know I'm wondering too. In new construction I'm seeing so many condos and townhouses that are hitting the MLS quick move-ins because they built, they were rushing to build and then they got all these specs and they have all those now available and they're all building on specs. And they're high price, they're brand new, they're beautiful, you know, and everything. But they're high price, they're brand new, they're beautiful, you know and everything. But I'm wondering if that is actually what's spiking. The inventory and condo and townhouse field is having all those new constructions.

Speaker 2:

Well, it's definitely a contributing factor because, you're right, they are all over the place. All on the MLS.

Speaker 1:

I mean you'll get lists of them and you know they're offering incentives and deals and all kinds of stuff to get into those. But yeah, there's um definitely a good amount of inventory there absolutely okay, um, all right. So, uh, our, we went into listings, we went to availability. Let's talk days on the market.

Speaker 2:

Okay, which is crazy, because our days on the market if you're not familiar with our market here in the Valley it moves fast. I always say we're a 30-day market because the majority of business happens within those 30 days.

Speaker 1:

Yeah, we do typically sell within 30 days. There's sometimes I don't know. I think I always prepare people. I like to prepare for the worst.

Speaker 2:

You're like, I like to set those expectations.

Speaker 1:

Yeah. So I tell people, I mean definitely, if we go 90 days on the market and we haven't got a contract, we have something we need to address.

Speaker 2:

Yeah, yeah, yeah. Either the house isn't being made available, it's in a bad condition or it's overpriced.

Speaker 1:

Yeah, so we definitely need to make adjustments at that point. But zero to 30 days is 70.9% of homes that are selling. Yeah, yeah.

Speaker 2:

So lickety split, they are going quick. And then 31 to 60 days is another 15%, 14.8% if we're being exact.

Speaker 1:

Mm-hmm. And then getting into that 90-day market.

Speaker 2:

we are looking at 6.5%, are selling within 90 days and then it just falls off after there, 91 to 120 is like 3%, and then anything over 121 days is like less than 5% of our market.

Speaker 1:

Yeah, so that is and all of those numbers are eerily similar to one year ago.

Speaker 2:

I mean, they are all within a couple percentage points away.

Speaker 1:

Yeah, yeah, they are very close. Well, yeah, very close to where we are. I mean, the month before, in April, we were just-.

Speaker 2:

Well, that's almost identical.

Speaker 1:

Almost identical. And then May of 2023, very, very, very close. Very close On those numbers, yeah, and then in condo and townhouses, 65% are selling in less than 30 days and 20% of those are taking up to 60 days to sell. And again, I think a lot of that is that new home market that is hitting the MLS. And then 90 days seven and a half percent. 120 days two percent.

Speaker 2:

Wow, a two percent. Where'd you see that? Oh yeah, there it is.

Speaker 1:

That's a low number.

Speaker 2:

That is a low number, and then anything over that 121 is less than that five percent. It's actually identical 4.6 percent, both for the condos and the single family residents. Yeah, that's interesting. That is interesting, yeah, but it is what our market is doing, and there hasn't been much fluctuation. I mean, if we're looking back to last year, it's almost identical too.

Speaker 1:

So yeah, and our growth um, since April we have um units sold. Um, they have. Uh, since April we have units sold. They have grown in 11% from April of 2024. So just in a month, which is nuts, yeah, that's a big jump. Yeah, median price in just one month was 1.7%, almost 2%, I mean. Why this is so interesting to me is because I remember a market at one point in time years ago where they said the average appreciation for a homeowner, the expectation for average appreciation for a homeowner, year over year, is 5% and we're seeing 1.7% in one month.

Speaker 2:

Yeah, yeah Well, listen, this market Vegas is still one of those places that's holding steady and holding strong. Matter of fact, if you go and look at the graphs we had them in our sales meeting the trajectory of growth was just up, up, up, up, up until we had pandemic, and then it skyrocketed. It was a joke, it was like a vertical wall. It just went straight up, but then it came down and that was that November, october of 22. And then now if you line the graphs up again, it's like the pandemic never happened. And then we're on that same upward trajectory.

Speaker 1:

Right, right and our average um. Our average uh units sold. Um. Our average price of units sold. The growth from May 2023 is up 8.7% between April and May.

Speaker 2:

Exactly In one year 8.7%. No, oh yeah, 2023.

Speaker 1:

Yeah, I was like like wait, this is this. Yeah, no, no, no, yeah. From where we are now to where?

Speaker 2:

we were last year. There's been an 8.7 percent growth in condos and townhomes, uh, single families a little bit less, almost seven percent, but that is more than the average that is happening um across the country. So yay, ve.

Speaker 1:

Right, right, right. So in units sold in single family of 2024, we were actually in April 2024, we were down a little bit, a little bit, a little bit, 2.7. So yeah, it's one of the things that we heard yesterday. We went down a little bit.

Speaker 2:

That's plus 2.7%, Missy. Oh gosh, See, I don't have my glasses on. Okay, maybe you shouldn't do numbers without glasses. No, across the board, we're up, up, up, up up. Okay, yeah, the only thing that's just down a teeny tiny hair.

Speaker 1:

Oh, I see my plus sign.

Speaker 2:

Right, if you just go down into the new listings portion, the number of new listings was up almost 9% from last month and the median price of new listings was up 0.2%. The only thing that changed was the average price of new listings was down 1%.

Speaker 1:

Okay, and that's reflective of the price adjustments and everything that we've been seeing. So people are adjusting the price to make it work for the market that we're in. And one of the things that we heard yesterday in our sales meeting, which was, you know, we always get asked like how many foreclosures? Send me a list of foreclosures. So I love that list would include 31 homes across the Valley, which is up, yeah, 30, 33%.

Speaker 2:

It's up 33% on those foreclosures, but that's only because there's 33 foreclosures, right? So?

Speaker 1:

we can say yes, foreclosures are up 30, 33%. You're like, oh my gosh. Yes, foreclosures are up 33%. You're like, oh my gosh 1% of our market is foreclosures, because that's just not happening.

Speaker 2:

I feel bad because I'm sure you're bombarded with texts and emails from investors all the time going. I'm looking for that off-market property, I'm looking for that off-market property. Yeah, you and everybody else, because there's no such thing as an off-market property really in this day and age. Even fixer-uppers and stuff are still selling at a good market value price.

Speaker 1:

Yeah, yeah. And having 31 foreclosures on that, I mean that top market value price.

Speaker 2:

I did have a seller contact me and was like I want top dollar for my fixer-upper. No, you can get market value for your fixer-upper, top dollar for your renovated property. Two different things, but still solid. It's not like people are stealing homes from other people at this point.

Speaker 1:

No, no, that's definitely not happening. And short sales. I believe there was 14 on the market in short sales. So still a thing out there, but not a big thing?

Speaker 2:

Yeah, not a big thing, considering that we have low inventory. We're less than 4,000 homes to have 17 of them as a short sale. That is not a big percentage of our market.

Speaker 1:

Yeah, and while across the country we are seeing a lot bigger slowdown in real estate than we are here in the Valley Still an indicator that whatever real estate funk we're in that we are surviving through and we're going to come out the other end as soon as the rates drop a little bit, as we always do, and even if they don't drop, like I said, it doesn't matter. Well, we're doing well for them being where they are at.

Speaker 2:

We have a healthy economy. We still have growth. You're still making more on the appreciation of your house than you would in most stocks and bonds, unless you play fast and wild. But on the average, when you're growing five, six, 7% a year. That's amazing.

Speaker 1:

Yeah, yeah, absolutely so. Yeah, if you guys have any questions on our market numbers or you have listener questions we didn't talk about listener questions this week because we had market numbers, market numbers, but we will. You know, we had quite a big list of listener questions. That list is thinning out, so send them in Drilling down.

Speaker 2:

Yeah, listener questions that list is thinning out, so send them in. If you'd like to send us a listener question, make sure you send that to realtycheckvegas, and that also has our link tree where you'll get all of our socials so you can join our tribes and community, both for the podcast or individually. Trish and I both yeah and yeah.

Speaker 1:

we look forward to seeing you every week at 930 ish 930-ish every Thursday.

Speaker 2:

Yeah, and we'll see you guys next week. Wait wait we didn't even talk about phone numbers, oh sorry. What if they want to talk to you about the market?

Speaker 1:

How are they going to get to you? No, I'm trying to say bye too fast. You're like I'm out of here yeah.

Speaker 2:

So if you want to talk about what's going on, you want to know your house value, what you need to prepare for anything like that. We are here for you always because we both come from a place of contribution and we appreciate you for joining us and joining our tribe.

Speaker 1:

All right, guys, see you next week. You for joining us and joining our tribe. All right, guys, see you next week. Have a great week.

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