June Guard Gated Real Estate Market Trends for Las Vegas, Nevada

July 12, 2019
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The June stats are in and the market is definitely softening. With inventory on the rise and sales on the decline, expect to see the market get more competitive. There are still sales, so to make sure that you have the best chance of selling take a serious look at your house first. With homes in Las Vegas now 10-20 years old on average, many of them need some work. Get the work done now. If you don’t want to do it, do you really think the buyer is going to want to do it? You can sell a house without having all the work being done, but you will take a substantial discount on your price.

Second, try to be objective about your price, for at least a minute. I understand your home is yours and there can be a lot of emotion and personal attachment. However, consider this, every seller thinks their home is the best one on the market, so who’s right? Point being, don’t just look at Zillow for a price. Look at similar homes that have sold. Look at similar homes that are for sale. A home that is completely different than your’s in terms of size, location and finishes is not a comp (sales comparable). So don’t expect buyers to consider it when making an offer.

Finally, take the marketing of your home and the agent you hire seriously. Look up the agent on Zillow to get a feel of their current inventory and recent sold tract record. How well do they present online? Do they have a YouTube page flush with professional videos? Homes are still selling. I’m writing this 7/12/19 and over the span of a couple days we will have just put 4 listings under contract!

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