Here is a chart from Home Builders Research demonstrating Las Vegas's preferences in new homes. Remember 2011 was the bottom of our real estate Apocalypse.
The biggest take-away is the decline in new homes priced under $200,00 from 2011 until now: 47 percent to three percent. Las year the most popular new homes were priced up to $100,000 higher. Now buyers are writing contracts on homes over $400,000, something no one did back in 2011. And lookee here. Two percent purchased new homes $750,000 and up!
What does this mean? We are back! Our market has recovered and is actually healthy.
Here's a great reward for this horrible election season. If you voted,
"Working with eXp Realty was a pleasure. When we started, we had no idea what we wanted, but our buyer agent helps us figure out the pros and cons of all our options. Our agent went the extra mile willing to put in the extra effort to answer our questions, to make sure we were happy with our decisions, and educated about the market and local area."