I trust you’re having a wonderful day! If you’re looking for LUXURY I can help you find LUXURY. Penny O’Brien with RE/MAX Excellence, I put the Excellence in Real Estate. 702.321.9383
When half the homes on the market are suddenly marketed as “luxury,” the definition of the word starts to not have too much meaning of importance to the word. “Luxury” real estate is defined differently across different markets, as property values, median resident income and area development varies widely depending on the metro area. We all know a home in Beverly Hills that sells for $2.5 million may be called a luxury while some builders in Las Vegas, Summerlin and Henderson are selling homes in the low $400’s calling them Luxury.
Within Las Vegas the median price home right now is: ESTIMATES only:
The median home value in Las Vegas Metro is near $236,800. Las Vegas Metro home values have gone up a little over 11%. The median list price per sf. in Las Vegas city area is $148. The median price of homes currently listed, in ER status and C, P Status in Las Vegas Metro is $285,000 while the median price of single family homes that sold is $244,868. The median rent price in Las Vegas Metro is $1,300-$1400 which is the same as the Nevadan median price of around $1,350.
Buyers, sellers and Renters, Call, text or email me, Penny 702.321.9383