Henderson Housing Market

It is no secret that interest rates have spiked in the past couple weeks.  How will this effect the Henderson housing market as well as other areas in southern Nevada?  The good news is that inventory levels have risen and will continue to rise.  This is due to some buyers being pushed to the side by the higher rates.  Some by choice others simply feel 4.5% interest rates are too high.  For them, I feel sorry.  In a year they will be wishing they purchased with a 4.5% interest rate. 

Interest rates are not expected to rise too much more but may go into the low 5% range here in the short term.  For home sellers this means they will not get the huge offers over listed price and prices will not continue to rise at a crazy pace.  Although, I do not foresee real estate prices coming down anytime in the near future.  Henderson as well as all the Las Vegas area will see a "normal" real estate market here soon with about a 3-4 month inventory of homes on the market and buyers that can go and get the homes they want. 

Regarding new construction, I do expect to see more incentives especially in the Henderson area as the home builders have become very greedy and aggressive with pricing.  I don't expect them to drop prices across the board but I do think there will be some deals to be had with standing inventory. 

Click here to see homes and get information on selling your home in the Henderson area.

The Real Estate Market Growth Continues

Anyone driving around the Las Vegas valley over the past couple months has noticed a large increase in construction on previously stalled projects or completly new developments.  It is actually fairly easy to judge the local economy visually by the signs of new development.  Here in Henderson their are several new home communities popping up, specifically along Horizon Ridge Drive near Gibson.  Also DR Horton has a large new community going in off Sunset and Arroyo Grande in Whitney Ranch.  As you go west, Ryland Homes is continuing several neighborhoods just off St. Rose Parkway and Bermuda.  Toll Brothers just this week post a sign for new townhouses coming soon in Inspirada. There is growth all over even some large commercial projects like the new FedEx facility that recently broke ground near the Henderson Executive Airport. 

Henderson real estate prices continue to rise as there remains a low inventory of homes.  Properties are selling within a couple days of hitting the market and at over the asking price.  It remains to be seen how long the increases will sustain.  Interest rates have slowly crept up over the past few weeks.  If you are thinking of buying or selling, it is a great time.  Buyers are having challenges with fighting against multiple offers but it is good to get in now before rates rise more and it effects your budget for your new house.  Home sellers are the real winners right now.  prices are up over 30% year over year, especially in the Henderson area.  The real estate market growth continues and this is your chance to sell and take advantage of it.  Click here for the current value on your home.

Preparing to Sell Your Home

When you are preparing to sell your home, there are a few steps you need to take to protect your home and ensure you sell it for the highest possible price.  With price recently up 30% year over year some people think just put it on the market and bring the offers.  While the offers will flow in, are they at the highest possible price.  Here are a few things I recommend to get your home ready to sell:

1) Remove any valuables, people will be coming through your home.  You want them to look at the home not your prized possessions.

2) Remove personal belongings, as much as possible.  A couple photos on the wall are fine but don't have a hallway full of pictures.  The potential buyers end up looking at the pictures instead of the home.  Clear and clean countertops as much as possible to open up the space in the kitchen and bathrooms.

3) Ensure the home is clean, a buyer should never have to "look beyond the mess".  If there is a mess the potential buyer is discounting the price as they look.

4) Curb appeal, make sure the front yard is weed free and tidy.  It is amazing what $30 in the flower department of the local nursery can do.

5)Be prepared to show the home.  If someone calls to look at the home, allow them.  Make arrangements for pets, children or yourself if you need to.  Your home will not sell if you refuse to allow people to look.  You can also set designated days or times that you allow people to come through.

Click this link, if you have been preparing your home to sell and want to get the value of your home.

Homes in Seven Hills

Homes in Seven Hills area of Henderson are some of the most architecturally unique homes in the Las Vegas valley.  Most of the homes have an Italian village flair.  Built in the late 1990's, the Seven Hills neighborhoods range from apartments to multi-million dollar custom homes.  The parks, walking trails and rolling hills make this area of Henderson very desirable.  The community of Seven Hills is located just south of St. Rose Parkway and west of Eastern Avenue.  Home in Seven Hills have easy access to Las Vegas from Seven Hills Parkway and access into other areas of Henderson via Eastern Avenue. 

If you are looking for your first home or condo or moving up to a home with a pool or even the mansion of the golf course. Seven Hills has a home for you.  The Rio Secco Golf Course lies within the Seven Hills community.  The neighborhood has nearby shopping and dining as well as close by medical facilities at St. Rose Sienna Medical Center.

Click this link to search for homes in Seven Hills and other areas of Henderson or Las Vegas.

Looking to sell your home in Henderson or Las Vegas, NV contact me via the "contact me" box on the right side of this page.