As the exhibit below illustrates, Nevada is one of five states furthest from peak pricing. There are several reasons why this alleviates many of our concerns about current value. One, current prices can be explained fairly well when we look at the level of supply in the market and demand drivers such as improving employment and population growth. What is hard to explain is why a closet sized condominium in San Francisco can be so expensive. Foreign hot money and a vibrant technology and finance sector may explain s... read more

(Las Vegas - January 5, 2016) – Coldwell Banker Premier Realty (CBPR) recently completed the sale of 32 acres of land at 1525 and 1545 Wigwam Parkway (at Stephanie St. and I-215) in Henderson, Nev.  CBPR represented the seller and Jorant Commercial/Sunbelt Development & Realty Partners represented the buyer, The Wolff Company, based in Scottsdale, Ariz. The Wolff Company intends to develop market-rate multifamily housing and high quality senior living communities on the property. “Henderson ... read more

Quick Facts:

• Distressed homes are a small fraction of current inventory.
• Months-of-supply is about three months.
• The sale price – list price ratio is about 98%.

• Single Family Home Prices are up 9.3% year-over-year
• Home prices have been essentially flat for the past several months
• Closed transactions are up slightly from the same period last year

After many years of flat rental growth (even negative in 2012), single family rentals experienced strong growth for all of 2015, experiencing year-over-year gains of between 2.2% and 5.5% on a monthly basis, measured with average price per square-foot. Marketing times for single family rentals have also been historically low with median days on market dropping to 13 days in the Summer of 2015 and finishing the seasonally weaker December at 26 days, far below the historical peaks of over 40 days.Figure 1: Average Pr... read more