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Here’s what’s happening in the Southwest Las Vegas Real Estate Market. We’ve taken the time to provide home sales and inventory reports for each the Southwest area. If you are looking to buy or sell a house in Southwest Las Vegas, Contact us.
Shop All Southwest Las Vegas HomesActive Listing Volume
| Month | Active Listings, $ Volume |
|---|---|
| Jan | $1,323,957,372 |
| Feb | $1,333,815,611 |
| Mar | $1,340,247,110 |
| Month | Active Listings, Number of |
|---|---|
| Jan | 3,153 |
| Feb | 2,984 |
| Mar | 2,769 |
Cheapest Southwest Homes
Close Price to List Ratio
It’s still a Seller’s market folks!
Limited inventory means a home priced right can sell for full price, and sometimes more. The southwest is very popular and is experience explosive growth. For sellers, this is great news. For buyers, it’s going to make finding a property more challenging.
| Month | Close Price to Original Price Ratio |
|---|---|
| Jan | 99.7% |
| Feb | 100.0% |
| Mar | 100.0% |
Median Days to Sell
| Month | Days to Sell, Median |
|---|---|
| Jan | 24 |
| Feb | 20 |
| Mar | 14 |
Expired Listings
How does a listing expire in a limited inventory market?
Many reasons. One could be that there is still a lot of competition in that particular neighborhood and other houses show better or carry a more attractive price tag.
Homes that are lived in by tenants, or hard to show also see none to little offers because they can’t get in. A home that is outdated has strong odors (such as pets or smoke), or is heavily personalized or cluttered might still suffer in a limited inventory market.
Price is generally the largest factor.
| Month | Expired Listings, Number of |
|---|---|
| Jan | 1,654 |
| Feb | 1,541 |
| Mar | 1,750 |
List Price to Square Foot Ratio
Prices in the Southwest are still Increasing
| Month | List Price by SqFt Ratio |
|---|---|
| Jan | $93 |
| Feb | $107 |
| Mar | $113 |
Median List Price
Removing the highest priced home in SW Las Vegas and the lowest price, including single family, condos, and townhomes, we arrive at the median list price for the area.
| Month | List Price, Median |
|---|---|
| Jan | $285,000 |
| Feb | $290,000 |
| Mar | $295,000 |
Months of Inventory
An obvious indicator that this area of Las Vegas is still favoring sellers.
| Jan | 2 |
| Feb | 2 |
| Mar | 2 |
Number of New Listings
| Month | Number of New Listings |
|---|---|
| Jan | 1,800 |
| Feb | 1,633 |
| Mar | 1,972 |
Median Sales Price
Including condos, townhomes, and single family residences, and excluding the highest and lowest sale, here is the median sales price for real estate in the Southwest.
| Month | Sale Price, Median |
|---|---|
| Jan | $267,000 |
| Feb | $268,000 |
| Mar | $280,000 |
Total Home Sales
| Month | Sales, Number of |
|---|---|
| Jan | 1,273 |
| Feb | 1,333 |
| Mar | 1,678 |
