Veer Towers Market Report | May 2019

89135 is a zip code in Las Vegas primarily inside the master-planned community known as Summerlin. Here’s what’s happening in regards to 89135 home values and real estate.

In April 2019, the average price per square foot of a home listed in the MLS in Mountains Edge was $129. For a quick “do it yourself” market value, take your square footage and multiply it by $129. The rest of the Las Vegas real estate market had an average of $133 per square foot for April.

Let’s take a look at the Las Vegas Real Estate Market for December 2018. Data shown here is gathered from the Greater Las Vegas Association of Realtors (GLVAR). There is a 3.1 month’s supply of single family homes up 111.3% from the last 12 months. There is a 3.0 month’s supply of condominiums and townhouses which is up 164.1% from the last 12 months. A plethora of new inventory has hit the Las Vegas Real Estate market. With these numbers rising what does that mean for homebuyers and sellers?