Las Vegas Housing Inventory Continues to Grow in May

WORLD PROPERTY JOURNAL | June 11, 2019

The Greater Las Vegas Association of Realtors (GLVAR) is reporting for the third straight month, Southern Nevada home prices continued to hovering at $300,000 in May 2019, while the number of homes on the market continued to increase. In its monthly housing statistics released on Thursday, GLVAR reported that the median price for existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during May was an even $300,000 - the same price GLVAR reported for both March and April. That's up 1.7% from $295,000 in May of 2018. Meanwhile, the median price of local condos and townhomes sold in May was $179,500. That was up 12.2% from May of 2018. "The rate of appreciation has really been slowing down, and that has become especially apparent over the past few months," said 2019 GLVAR President Janet Carpenter. "In fact, the 1.7% increase in local home prices we're showing in this month's GLVAR statistics is the smallest year-over-year increase we've seen since May of 2012, when prices increased just 1.6% from that same month one year earlier. Of course, one big difference between now and seven years ago is the median home price back then was only $128,000."

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LendSure’s Bridge Financing program empowers borrowers to access equity from their current home to purchase a new home with no monthly payments on the bridge financing. Borrowers can gain a competitive advantage in a hot housing market by making a non-contingent offer on the new property.


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The REMM Group Real Estate Management Company of Orange County is National Top 10 Best Places to Work Multifamily®

The REMM Group | December 21, 2022

For the third year in a row The REMM Group has won a top 10 nationwide ranking on the Best Places to Work Multifamily® list. The REMM Group was awarded the honor at the Multifamily Innovation® Summit Scottsdale, AZ. Winners are selected after rigorous research and interviews conducted by Multifamily Leadership. The multifamily industry contributes $3.4 trillion dollars to the economy annually, supporting more than 17.5 million jobs. Talent recruitment for those jobs is competitive. The Best Places to Work Multifamily ranking helps job seekers choose companies that prioritize employee satisfaction. The REMM Group is a 3rd party management company, providing full service multifamily and commercial management for real estate owners in Southern California. "We are honored that Multifamily Leadership ranked us in the top ten Best Places to Work Multifamily Nationally for the third year in a row. Great people make all the difference in property management. Building a team of engaged, caring and skilled employees takes more than just providing a good paycheck. The in-depth interviews and research done as part of this award process helps us evaluate our culture, innovations, and policies to make sure they are hitting the mark with our team members." -Sara D'Elia, CEO of The REMM Group The REMM Group's Vice President of Marketing and Technology, Windell Mollenido, added, The REMM Group is on The Best Places to Work Multifamily list year after year because we constantly look for ways to improve. The reports show us what support our team members find most relevant and where we might need to make changes. In our constantly evolving industry, we need to stay vigilant to what matters today for our employees, this data helps us do that. Our vibrant and supportive culture allows us to recruit the best talent, Those caring team members make sure the residents and owners of the communities we manage are happy and thriving. That simple formula is a key to our success,said D'Elia. The REMM Group has over 5,000 apartments under management. They are an IREM Accredited Real Estate Management Organization (AMO) providing lease-up and property management for multifamily, mixed-use, office, industrial, retail, and BTR properties in Southern California.

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Spotlight

LendSure’s Bridge Financing program empowers borrowers to access equity from their current home to purchase a new home with no monthly payments on the bridge financing. Borrowers can gain a competitive advantage in a hot housing market by making a non-contingent offer on the new property.

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