Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. Stuart Sheinfeld & The Sheinfeld Group love to talk with you!

June 11, 2020

Las Vegas Market Stats June 2020

LAS VEGAS HOUSING NEWS

Buyers scooped up 1,703 single-family homes in May, down 13.6 percent from April and 48.1 percent from May 2019, according to trade association Las Vegas Realtors, or LVR.


The median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during May was $315,000. That was down from an all-time record price of $319,000 in March, but still up 5.0% from a median price of $300,000 in May of 2019.


“This crisis has obviously had a big impact on home sales,” said 2020 LVR President Tom Blanchard, a longtime local REALTOR®. “At the same time, it’s encouraging to see home values remaining steady, even with sales activity dropping. The bright spot is the increased activity of homes being placed under contract, which has seen a steady and significant increase since mid-April, which appears to have been the bottom of this housing dip.”


By the end of May, LVR reported 5,799 single-family homes listed for sale without any sort of offer. That’s down 26.2% from one year ago. For condos and townhomes, the 1,768 properties listed without offers in May represented a 5.8% drop from one year ago. LVR reported that 14.5% of all local properties sold in May were purchased with cash. That compares to 20.4% one year ago. That’s well below the February 2013 peak of 59.5%, indicating that cash buyers and investors have been less active in the local housing market.


Perhaps one of the largest challenges in May was the change in FHA underwriting that caused a number of home buyers to lose escrows due to the FICO score changes.  While FHA financed closings dropped to 20% of the total closings, VA closings jumped to 16% of all closings and represented 20% of the closings in the $250-400K price range.

 

Posted in Market Updates
April 27, 2020

Stuart Sheinfeld and The Sheinfeld Group at Simply Vegas

Stuart Sheinfeld & Sheinfeld Group are licensed Realtors® that specializes in the Las Vegas, Henderson & Summerlin areas. Sheinfeld Group is full-service real estate experts who strive to service the entire spectrum of clients that include luxury buyers and sellers: entertainers, professional athletes to clients with small family homes & condos. The Sheinfeld Group has uncompromising professionalism, dedication, and experience to our client's needs & goals. Sheinfeld Group Simply Vegas. Meet The Team- Stuart Sheinfeld S0070222, Payge Avery Lic: BS.0143782, Luchie Ashby LIC: S.0184537

Posted in News
April 27, 2020

Stuart Sheinfeld and The Sheinfeld Group Will Sell Your Home For More Money

 

Sheinfeld Group- Stuart Sheinfeld- Simply Vegas- Sell You Property Fast & For More Money. Just a few of the benefits you receive of our 50 point marketing plan Advertise with over 50 High Definition Photos with detailed descriptions Create a 3D home tour for Zillow (This significantly boosts your home in Zillow’s rankings) Create a 3D Matterport tour to show the floorplan & enable virtual reality viewing Create a custom branded video clip for Facebook & Instagram Shoot aerial drone photos when beneficial and allowable by FAA laws Add Virtual Staging or item removal for online marketing Send email blasts to over 18,000 local realtors. Send email blasts to California Realtors Stuart Sheinfeld S0070222 Payge Avery BS0143782 Luchie Ashby S0184537

Posted in News
April 27, 2020

1909 Warrenville Street, Las Vegas, Nevada 89117

List Price 384,900

 

Status ACTIVE

 

Property Type SFR

 

Bedrooms 4

 

Bathrooms 2.5

 

Living Area 1950sqft

 

Lot Size 4356sqft

 

Neighborhood Peccole Ranch

Extraordinary Opportunity-Gated Peccole Ranch,Community Pool w/Inviting Curb Appeal. 4 Bed/2.5 Bath.Large, Functional Kitchen w/Oversized Designer Granite Island & Travertine Floors. Vast Great Room Filled w/Natural Light Boasts Luxurious Hardwood Floors, Cathedral Ceiling & Plantation Shutters. Incredible Master Bedroom Has Double Closets & Spa-Like Master Bath That showcases Onyx Floors & Tub-Shower Surround.Freshly Painted. Appliances Included.

 

April 27, 2020

7 KARSTEN CREEK Court, Henderson, Nevada 89052

 

List Price $1,149,000

 

Status ACTIVE

 

Property Type SFR

 

Bedrooms 4 +1 Den

 

Bathrooms 4.5

 

Living Area 3942sqft

 

Lot Size 22,651sqft

 

Neighborhood ANTHEM COUNTRY CLUB

 

RARE Single Story in Exquisite Anthem Country Club*Extra Large Lot*Cul De Sac*3 Car Garage*RV Gate*Resort Style Backyard Perfect For Entertaining*Solar Heated Pool & Spa*Built-in BBQ*Attached Casita w/Entry*GE Monogram SS Appliances*Custom Kitchen Cabinets*Granite Counters*Double Trifection Ovens & Microwave*6 Burner Stove*Bar w/2 Drink Coolers Ice Maker & Wine Fridge*Custom 16" Crown Moulding*Surround Sound in Family Room

 

March 26, 2020

372 Valleggia Drive, Las Vegas, Nevada 89138

372 Valleggia Drive, Las Vegas, Nevada 89138

Gated-Summerlin -1 Story 3 Bed/3 Bath-Built 2018 MLS #2181300

Single Story Gated 3 Bed Open Floor Plan Home in Summerlin- Center Courtyard w/ Gas Fireplace w/3 Sliding Glass Walls that Seamlessly Integrate Indoor & Outdoor Living. The Chef's Kitchen Boasts a Gargantuan Quartz Island, GE Profile Stainless Steel Appliances Including Double Ovens & 5 Gas Burner Cooktop. Magnificent Master Suite w/ Spa-Like Bathroom. Custom Designer Tile Encapsulates the Tub & Shower. Walking Distance to Park. SID/LID Paid Off $9700

 

Here is the 3D walkthrough

 

Feb. 17, 2020

7 SHADOW HILLS Drive, Las Vegas, Nevada 89141

April 22, 2018

Vegas Top 100 Men in Real Estate 2018- Stuart Sheinfeld

Posted in News
Feb. 10, 2018

220 Inverbeg St Henderson NV 89012- Stuart Sheinfeld-Sheinfeld Group

4 Bed/4.5Bath+Bonus Rm,Loft & Casita Total 3216sqft.LOADED WITH UPGRADES*Superior Energy Efficiency & Home Automation.Features an Interior Courtyard w/Fireplace.Chef’s Kitchen Quartz Counters w/Waterfall Edge & Extended Island, GE Monogram Stainless Steel Appliances. Stone Backsplash,Pot Filler.Waterproof Laminate Wood Floors Throughout Home.3 Fireplaces & 4 Balconies in Home.Casita w/Bath&Walk-in Closet.Pool Sized Low Maintenance Backyard.

Stuart Sheinfeld- Sheinfeld Group- EasyStreet Realty Listing

           

 

 

Jan. 26, 2018

LAS VEGAS HOUSING 2017 YEARLY REPORT

LAS VEGAS HOUSING 2017 YEARLY REPORT 

 

 

 

Dwindling supply has helped prop up prices; single family homes experienced a median of 19 days on the market.

 

The Las Vegas housing market ended 2017 better than it started. Most notably, the median resale home price jumped 17.8 percent on the year, reaching $238,000 in December.

 

The volume of resale closings has remained elevated with over 49,200 transactions in 2017 – an increase of 4.9 percent from 2016. While not all potential buyers were successful in the resale market, many have turned to the new home market to identify properties that meet their specifications. Builders closed on over 8,700 homes in 2017, representing a 10.1 percent increase.

 

With over $18 billion in major projects either under construction or on the drawing boards, the expectation is that these activities will pay dividends in the housing market by driving population and employment forward.

 

The latest performance by the equities markets – reaching all-time highs – certainly doesn’t hurt.

 

The majority of signals all appear favorable

 

Posted in Market Updates