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Appraisal Articles is an Internet website dedicated to providing free information in the form of articles on appraisal and real property / real estate topics to appraisers and the public.  Authors are invited to contact us and submit related original articles for approval. 

SFR Residential Market Las Vegas / Clark County, NV, November 2020

by Administrator on Nov 20, 2020 General Appraisal 26 Views

As I have mentioned in many articles, appraisers generally keep close tabs on the markets and the movement of the single-family residential market is important. This review looks at properties located in Clark County Nevada. The following aggregate market statistics are provided via the GLVAR database and appear to be consistent with other data sources. New listings of previously owned single-family residential (SFR) homes are reported in November 2020 to be down and now near a 10-year low point, and the number of home sales is also heading for an all-time low.

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Clark County Land Market 2020

by Administrator on Nov 14, 2020 Market Conditions Articles 32 Views

As a real property appraiser I have tracked over the past several years Clark County (and Nye County) Nevada vacant land sales. The following graphic displays my best available historical and current data on the Southwest Las Vegas vacant land market. I have displayed sales in 4 zoning categories, but I also keep the data on other zoning categories when there are sales available. It is obvious from the sales data that vacant land sales prices in the Southwest continued to move up in each zoning category as displayed in the following graph:

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Clark County, Nevada Commercial Real Estate September 2020

by Administrator on Oct 31, 2020 Market Conditions Articles 49 Views

In keeping with recent market recording reports on million dollar plus commercial real properties it appeared that monthly sales increased in all categories except the Apartment category in September, 2020. September saw increased recordings for Industrial, Retail, Office and Vacant Land. Office / medical office sales increased in September however they are only about half of the monthly number recorded in January of 2020 while Industrial and Retail sales appeared to be near pre-COVID levels.

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Real Estate Appraiser Perceptions - September, 2020

by Administrator on Sep 11, 2020 Market Conditions Articles 113 Views

Here is an update on what I have found in the Las Vegas real property market as we near the end of the third quarter of 2020 based on research. Residential Market: Here are a few statistical facts in September of 2020 on the Las Vegas market; the median sales price of single-family previously owned homes is up to $ 312,000 and it appears to be climbing higher. Fewer and fewer new listings are coming on to the market, we are at a 5-year low, and fewer homes of this type are for sale. The median days of market has fallen slightly to around 23. The median price per square foot is up to $ 170. So it appears that the market is doing well, but is it?

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Trouble in the Clark County Commercial Real Estate Market?

by Administrator on Jul 11, 2020 Market Conditions Articles 128 Views

If you have been following my commercial sales statistics on Clark County, Nevada, that includes Las Vegas and Henderson, you already understand that the number of $ 1 million and up closings, including vacant land sales, has dropped off by about 40%. That is a huge decrease in the number of sales, and as of today July 11th it doesn’t appear that things are getting better. The heaviest hit segment of the market is office buildings. There were no office building sales in April, May and there likely will be few offices sold in June or July. Let’s face it, people are not excited about returning to the office and employees forced to return who then become infected by COVID will not be an easy group to console.

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