Buying a home is, for many, the biggest investment they’ll ever make. It’s not just a place to live, but an asset that can appreciate over time and generate wealth. Tt’s not surprising that homebuyers have become increasingly cautious when it comes to making this decision, especially in times of uncertainty.
Unfortunately, much of the media has contributed to this insecurity by spreading rumors and speculation about the housing market. These alarming headlines and clickbait articles may harm the industry by driving potential buyers away and prolonging the recovery process. But before giving in to fear and panic, it’s essential to take a closer look at the facts and listen to the people who know the market best: real estate professionals.
According to Fannie Mae’s latest report, more than one in five Americans still believe that home prices will decline over the next year. This perception is not necessarily based on reality but rather on misleading information that has been circulating in the media for months. Experts agree that the slight dip in housing prices last year was temporary and that the market has already rebounded in 2023.
In fact, the latest forecasts from various organizations confirm that home prices are expected to increase this year, instead of falling as some sources have suggested. The Fannie Mae forecast, for instance, has been revised from 3.9% to 6.7% appreciation for the year, highlighting the confidence experts have in the market.
While some may still feel skeptical about the housing market’s recovery, it’s crucial to keep in mind that the real estate industry operates differently from other markets. Unlike stocks, for example, which can plummet overnight, the housing market is relatively stable and follows predictable patterns.
Moreover, buying a home is not always about timing the market to get the best price. It’s about finding the right property that fits your lifestyle, meets your needs, and aligns with your long-term financial goals. In other words, while it’s essential to stay informed about the market trends, it’s even more crucial to focus on your personal situation and what you hope to achieve by purchasing a home.
If you’re feeling unsure or worried about the housing market, the best thing you can do is to talk to a real estate professional who can provide you with accurate and up-to-date information. An expert can also help you navigate the complex process of buying a home, from finding the right property to securing financing and closing the deal.
In conclusion, don’t believe everything you read or hear about home prices. Instead, rely on trusted sources, consult with professionals, and focus on your personal goals. Rest assured that the housing market is on a positive trajectory, and many opportunities await those who are ready to take advantage of them.
Henderson is a highly sought-after place to live, particularly for families, and it’s easy to understand why. This vibrant city is renowned for its holiday spirit, which adds to its overall appeal. If you haven’t had the opportunity to experience the magic of Henderson during the holiday season, here are some annual traditions that are worth exploring.
Start your festivities with Thankful Thursdays in November, celebrating Be Kind Month at Valley View Recreation Center, where you’ll find various activities for the entire family. Alternatively, join the pre-Thanksgiving Harvest Festival at Black Mountain Recreation Center on November 17, where you can enjoy carnival games, candy apples, apple cider, and a scarecrow craft activity with your kids.
Throughout the city, you’ll find numerous tree-lighting events that will get you into the holiday spirit. The District at Green Valley Ranch hosts its annual Christmas Tree Lighting Celebration on Saturday, November 18, with appearances from the Sugarplum Fairy, The Nutcracker, and Jolly St. Nick. Indulge in treats, enjoy live music, and join in on the fun.
Enjoy a Celtic Christmas at the Village at Lake Las Vegas on November 18, where you can witness the community’s annual Christmas tree lighting and savor the musical talent of Annie Meadows. The event also offers complimentary hot chocolate.
Don’t miss out on Downtown Henderson’s WinterFest, a two-day event starting November 30, with a tree-lighting ceremony and an impressive drone show. Witness the Lights Parade on Friday, featuring unique holiday floats and entertainment.
Merry Grinchmas at Heritage Bark Park is perfect for pet owners who want to include their furry friends in their celebrations. Join the event on December 1 for pop-up agility courses, festive treats, and photos with the Grinch.
Additionally, The District at Green Valley hosts a Pet Party with Santa on December 11, which is exclusive to pets. Finally, the Reindeer Dash 5K run and the 1-mile walk at Cornerstone Park on December 16 will provide a wonderful opportunity to show off your most cheerful holiday costume or your ugliest holiday sweater.
Henderson has an extensive range of events and activities for you and your family to enjoy this holiday season. For more information, feel free to contact my office, and we’ll be more than happy to help you find the perfect place to call “home.”
Additionally, The District at Green Valley hosts a Pet Party with Santa on December 11, which is exclusive to pets. Finally, the Reindeer Dash 5K run and the 1-mile walk at Cornerstone Park on December 16 will provide a wonderful opportunity to show off your most cheerful holiday costume or your ugliest holiday sweater.
Henderson has an extensive range of events and activities for you and your family to enjoy this holiday season. For more information, feel free to contact my office, and we’ll be more than happy to help you find the perfect place to call “home.”
Henderson, consistently ranked among the top places to live in the country, particularly for families, boasts a vibrant holiday spirit that truly captures its allure.
If you have not yet experienced the city during the holidays, here are some annual traditions to explore throughout the season. Kick off with Thankful Thursdays in November, with various activities as part of Be Kind Month at Valley View Recreation Center. On November 17, join the pre-Thanksgiving Harvest Festival at Black Mountain Recreation Center. Enjoy carnival games, candy apples, apple cider, and a scarecrow craft activity at this kid-friendly event. Additionally, there are several tree-lighting events across the city for those who love Christmas trees.
The District at Green Valley Ranch hosts its annual Christmas Tree Lighting Celebration on Saturday, November 18. Join the Sugarplum Fairy, The Nutcracker, and Jolly St. Nick for a joyous event. Indulge in treats while enjoying live music.
Enjoy a Celtic Christmas at the Village at Lake Las Vegas on November 18. Witness the community’s annual Christmas tree lighting and savor the musical talent of Annie Meadows. Complimentary hot chocolate will be served.
Prepare for Downtown Henderson’s WinterFest, a two-day event starting Thursday, November 30. The festivities kick off with a tree-lighting ceremony and an impressive drone show. On Friday, witness the Lights Parade featuring unique holiday floats and entertainment.
Merry Grinchmas at Heritage Bark Park is perfect for your four-legged family members. Join the event on Friday, December 1, for pop-up agility courses, festive treats, and photos with the Grinch.
Don’t miss The District at Green Valley’s Pet Party with Santa on December 11 from 4 to 7 p.m. Let your pets join in on the fun.
Get active with the Reindeer Dash 5K run and the 1-mile walk on Saturday, December 16, at Cornerstone Park. Dress up in your most cheerful holiday costume or an ugly holiday sweater.
Additionally, The District at Green Valley hosts a Pet Party with Santa on December 11, which is exclusive to pets. Finally, the Reindeer Dash 5K run and the 1-mile walk at Cornerstone Park on December 16 will provide a wonderful opportunity to show off your most cheerful holiday costume or your ugliest holiday sweater.
Henderson has an extensive range of events and activities for you and your family to enjoy this holiday season. For more information, feel free to contact my office, and we’ll be more than happy to help you find the perfect place to call “home.”
Henderson, consistently ranked among the top places to live in the country, particularly for families, boasts a vibrant holiday spirit that truly captures its allure.
If you have not yet experienced the city during the holidays, here are some annual traditions to explore throughout the season. Kick off with Thankful Thursdays in November, with various activities as part of Be Kind Month at Valley View Recreation Center. On November 17, join the pre-Thanksgiving Harvest Festival at Black Mountain Recreation Center. Enjoy carnival games, candy apples, apple cider, and a scarecrow craft activity at this kid-friendly event. Additionally, there are several tree-lighting events across the city for those who love Christmas trees.
The District at Green Valley Ranch hosts its annual Christmas Tree Lighting Celebration on Saturday, November 18. Join the Sugarplum Fairy, The Nutcracker, and Jolly St. Nick for a joyous event. Indulge in treats while enjoying live music.
Enjoy a Celtic Christmas at the Village at Lake Las Vegas on November 18. Witness the community’s annual Christmas tree lighting and savor the musical talent of Annie Meadows. Complimentary hot chocolate will be served.
Prepare for Downtown Henderson’s WinterFest, a two-day event starting Thursday, November 30. The festivities kick off with a tree-lighting ceremony and an impressive drone show. On Friday, witness the Lights Parade featuring unique holiday floats and entertainment.
Merry Grinchmas at Heritage Bark Park is perfect for your four-legged family members. Join the event on Friday, December 1, for pop-up agility courses, festive treats, and photos with the Grinch.
Don’t miss The District at Green Valley’s Pet Party with Santa on December 11 from 4 to 7 p.m. Let your pets join in on the fun.
Get active with the Reindeer Dash 5K run and the 1-mile walk on Saturday, December 16, at Cornerstone Park. Dress up in your most cheerful holiday costume or an ugly holiday sweater.
Henderson has a wide range of events and activities for you and your family to enjoy this holiday season. If you’re interested, contact my office and we’ll help you find the perfect home.
Blue Heron’s Shoreline community perfectly embodies the desirable lakeside living experience. With its Vegas Modern charm, stunning vistas, and lakeside amenities, this boutique Nexus gated community offers 83 semi-custom homesites. Each two-story curated floor plan, ranging from 2,740 to 3,668 square feet, features three distinct options for a sky deck on the third-story. Prices start at $964,990 and customizations are far from the rest.
Living in Shoreline means embracing a unique lifestyle centered around the lake. Enjoy paddleboarding, paddle boats, swimming, and kayaking. This one-of-a-kind community fosters a connection to nature through scenic walking and biking trails, world-class golf courses, and breathtaking vantage points. The vibrant village of Lake Las Vegas is just a stone’s throw away, offering charming shops, gourmet restaurants, and lively entertainment options. Plans are underway for a dedicated walking trail exclusively for Shoreline residents, ensuring easy access to the nearby urban area.
Beyond the community itself, Lake Las Vegas hosts a range of monthly events including live concerts, fun runs, boat races, and moonlight paddleboarding. These activities contribute to a strong sense of community and ensure there is always something happening.
Experience elevated living with Elevar, a stunning Vegas Moder design featuring a double-height ceiling, panoramic sky deck, and a great room as expansive as the desert. The rear-oriented kitchen seamlessly flows into the great room, mirroring the fluidity of the lake and creating a seamless connection with the community just beyond your door.
Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today.
You may have heard inventory is low right now, but you may not fully realize just how low or why that’s a perk when you go to sell your house. This graph from Calculated Risk can help put that into perspective:
As the graph shows, while housing inventory did grow slightly week-over-week (shown in the blue bar), overall supply is still low (shown in the red bars). Compared to the same week last year, supply is down roughly 10% – and it was already considered low at that time. But, if you look further back, you’ll see inventory is down even more significantly.
To gauge just how far off from normal today’s inventory is, let’s compare right now to 2019 (the last normal year in the market). When you compare the same week this year with the matching week in 2019, supply is about 50% lower. That means there are half the homes for sale now than there’d usually be.
The key takeaway? We’re still nowhere near what’s considered a balanced market. There’s plenty of demand for your house because there just aren’t enough homes to go around. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:
“There are simply not enough homes for sale. The market can easily absorb a doubling of inventory.”
So, if you want to list your house, know that there’s only about half the inventory there’d usually be in a more normal year. That means your house will be in the spotlight if you sell now and you may see multiple offers and a fast home sale.
Bottom Line
With the number of homes for sale roughly half of what there’d usually be in a more normal year, you can rest assured there’s demand for your house. If you want to sell, let’s connect now so your house can shine above the rest while inventory is so low.
Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference.
An article from The Mortgage Reportssums it up like this:
“Your Realtor or real estate agent will be key to helping you navigate this process. . . . they can guide you through construction and help anticipate and solve for any possible snags along the way.”
Here’s how your agent is an invaluable resource in your search to find and buy your new home.
Agents Know the Local Area and Market
Your agent is well-versed in the emerging communities and upcoming developments that could influence your decision. It’s important to consider how the neighborhood and the surrounding area might evolve before making your home purchase. Your agent can help you find a community that perfectly aligns with your preferences, lifestyle, and future needs.
Knowledge of Construction Quality and Builder Reputation
An agent also has the expertise to evaluate the construction quality and reputation of different builders. Their knowledge and experiences with local builders allow them to offer insights into each one’s track record, customer satisfaction, and construction practices. This information can help you avoid any potential risks and help you confidently select a builder known for delivering quality homes.
Assistance with Customization and Options
The most obvious benefit of opting for new home construction is the opportunity to customize your home to suit your preferences. Your agent will guide you through that process and share advice on the upgrades that are most likely to add long-term value to your home. Their expertise ensures you focus your budget on areas that will give you the greatest return on your investment later on.
Understanding Builder Contracts and Negotiations
Builder contracts can be complex and differ from traditional home purchase agreements. Your agent can help you navigate these contracts to make sure you fully understand the terms and conditions. They’re also skilled negotiators who can advocate on your behalf, potentially securing better deals, upgrades, or incentives for you throughout the process.
Bottom Line
The guidance and expertise of a local real estate agent can make all the difference in turning your vision of the perfect home into a reality. Let’s connect so you can feel confident about purchasing your new construction home!
Sincerely,
Susan Marques | Virtue Real Estate Group | BS.0146408
Situated amidst the prestigious Ascaya community, 19 Rockstream Drive stands out as a modern architectural marvel that embodies nature-friendly net-zero design, supreme privacy, and breathtaking views of the McCullough Mountain Range and Las Vegas Strip.
The 2023 New American Home showcases industry innovations, revolutionary design concepts, construction techniques and lifestyle trends.
Photo Courtesy from The Agency Listing presented by Kylie Lum & Melissa Tomastik
This stunning 5-bedroom, 7-bathroom, 8,211-square-foot was awarded the prestigious designation of the 2023 New American Home during the annual Las Vegas International Builders’ Show. Created by the highly acclaimed Nevada-based LUXUS Design Build team, has been deemed the New American Home 2023, a coveted honor in the world of luxury homes.
Michael Gardner, principal and founder of Studio g Architecture and Luxus Design Build, was awarded the project.
With completion and furnishing support from MASS Beverly Los Angeles, this turnkey estate boasts a plethora of lavish amenities and ingenious design elements. The chef’s kitchen, 452-bottle wine wall, and home office are just a few of the remarkable features that highlight the home’s thoughtful and meticulous construction and decoration. From its luxurious finishes to expert detailing, this property is the pinnacle of high-end living.
Emerald” certification, the highest honor offered by the National Association of Home Builders.
The primary suite is certainly a homeowner’s dream, with an infrared sauna, kitchen, and lounge area that offer a resort-style retreat inside your own residence. Step outside and explore the home’s 2,000+ square feet of outdoor living space, where an extraordinary retreat awaits. The area boasts two pools, a spa, and two kitchens that extend your living space beyond the home’s walls to take in the natural surroundings, perfect for entertaining friends or simply enjoying some quiet time.
Virtue Luxury Real Estate Group BS.0146408
Susan Marques
Listing presented by Kylie Lum & Melissa Tomastik
References:
Las Vegas Review Journal - “New American Home to list for $15M” by Valerie Putnam Real Estate Millions (March 10, 2023)
The Agency “ 19 Rockstream Drive Ascaya, Henderson, NV 89012”
Join us for a tour of the stunning Blue Heron Show Home and discover the unique features that set apart the BH Nexus Experience from the Custom Home Elite Experience.
Discover the three essential elements for personalizing your BH Nexus curated floor plans: exterior experience, Interior options, and Structural features. These components provide the foundation for uniquely tailored Vegas Modern Designs.
Inspired by its namesake, Vegas Modern 001, our Vegas Modern Philosophy describes our timeless approach to architecture, design, and construction that transcends eras and inspires future generations.
Blue Heron’s Elite division believes that the true discovery of your custom home exceeds merely identifying how many rooms it should have. Knowing you and your lifestyle is key to achieving that perfect Elite Home design.
The streamlined custom process is all under one roof at Blue Heron. This all-inclusive experience at Blue Heron perfects a seamless discovery and process of your Home design. encapsulates all your desires for your dream Home. Creating a customized Home plan that illustrates your ultimate Home vision catered to your lifestyle. It takes approximately 12-18 months to bring your vision to life, creating a space that is truly your own.
Three key features of the Elite Custom Home Division at Blue Heron
• Blue Heron offers a comprehensive discovery process to create custom Home design.
• The process is designed to capture clients’ visions and create personalized Home plans.
• It typically takes 12-18 months to bring the plan to life.
BH Nexus Community Home Division
BH Nexus represents Blue Heron’s community Home division with exquisite semi custom floor plans curated with your lifestyle in mind.
BH Nexus Communities situated in some of the most prestigious master-planned communities in the Las Vegas Valley. They blend physical and human nature seamlessly together with their biophilic home designs that blur the lines between the indoor and outdoors.
These thoughtfully curated floorplans are intentional designs with nature in mind. Drawing in desert elements with tranquil exterior spaces while entwining modern elements creates timeless Home designs. Typically BH Nexus communities offer 3-4 curated floor plans with semi-custom options to make your own.
“Your dream Home isn’t just a space. It’s an experience. As a design-build firm, we will provide you with a dedicated team of experts from designers to construction teams. These partners will work with you every step of the way to ensure your Blue Heron Home is a personalized world that feeds your soul, amplifies your vibe, and energizes as much as it soothes,” Blue Heron.
With no state income tax, access to the greatest entertainment 24/7, exceptional dining experiences, great outdoor sports and now professional sports teams – it’s no brainer why Las Vegas is growing at a rapid rate but the valley is surrounded by mountains with limited to no expansion. So the big question is this: Is Las Vegas running out of land?
“North Las Vegas is set to add more than 100,000 residents by 2030. The northwest isn’t the only area in the valley expected to see a boom over the next decade,”
Las Vegas & Henderson Fastest Growing Cities in Nevada
Las Vegas and Henderson are the fastest growing cities in Nevada. North Las Vegas is experiencing a surge in manufacturing and warehousing businesses, creating an abundance of jobs that call for housing, according to John Lee, the mayor of North Las Vegas. Mayor Lee recognizes the great opportunity this provides to fill the city’s available land with homes while adding hundreds of new members to its workforce.
Henderson is positioned to become a major destination for businesses and residents looking to move into the Las Vegas valley as well. With close to 70,000 new residents expected in the coming decade, West Henderson and Cadence, located on the Eastside of Henderson, are at the center of its growth trajectory.
According to City Planner Richard Derrick’s public statement: “The new corporate headquarters of the Las Vegas Raiders, the soon to be completed home of the Henderson Silver Knights and new developments by businesses such as Google and Haas Automation show that Henderson continues to diversify as it grows.”
Buy, Sell, Invest.
Servicing the Las Vegas and Henderson, Nevada area. Providing an unparalleled luxury concierge experience tailored to each client.
Nevada tops the list as having more of its land owned by the federal government than any other US state. This amounts to a staggering 27% of total acreage across all fifty states, amounting to 615 million acres reserved primarily for conservation and recreation purposes. So with all this demand will housing in the Las Vegas Valley grow outward, upward – or both? Most likely the latter but while land is in high demand Northwest Las Vegas may have the upper hand.
“More than 85 percent of Nevada’s land area is owned and administered by the federal government,”
With 100,000 residents anticipated to move to NW Las Vegas by 2030 land is a true commodity – especially in the booming Northwest so wanted to bring two expansive plots of land to your attention.
Build your dream Home with no limits on this property that encompasses five parcels totaling +/- 37.5 gross acres zoned Rural Residential in the highly desired area of the booming NW Las Vegas, Nevada. Mountain views surround this perfectly located property adjacent to the master plan community of Silverstone Ranch, a master plan community of 1,526 homes, and the beautiful Gilcrease Orchard.
“Through their non-profit foundation, they aimed to provide recreational and educational experiences that teach children where our food comes from and how it is grown, helping to foster an appreciation for the earth’s bounty and a healthy lifestyle,
As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor.
It could be a High Rise condo in Las Vegas, a spacious home in a guard gated community or one with access to luxury amenities and entertainment. The home itself will also boast some of the finest features available. According to the Luxury Market Report from the Institute for Luxury Home Marketing, there’s been a substantial increase in how many buyers are purchasing luxury homes over the past two years. It says:
“. . . North America recorded the fastest growth of demand during the first year of the pandemic. Also, demand has . . . consistently increased, and even in April 2022, we saw a higher volume of sales compared to 2021.”
The Institute of Luxury Home Marketing
If you own a luxury home, it could be a great time to list your house today while demand is so high. But first, let’s understand where the demand is coming from.
What’s Driving the Heightened Buyer Demand for High-End Homes?
The same report says more people have reached a certain net-worth threshold, and that’s contributing to the increased interest in luxury housing:
“In 2020, we saw a 2.2% growth in the number of individuals with wealth of over $5 million in net value, but in 2021 that number grew by an outstanding 19.8%. This total increase has resulted in the introduction of over 660,000 new individuals into the high net-worth bracket, which, combined with the existing affluent looking to both diversify and add new properties to their portfolio, provides a true insight into why the demand for luxury properties skyrocketed during 2021 and into 2022.”
So, if you’re looking to make changes to your real estate portfolio or are looking to sell your current house, it may be a great time to list and benefit from the high demand for luxury homes today.
KEY TAKEAWAYS Real estate isn’t considered luxury just because it’s expensive. It also must be unique, exclusive, and perceived as superior. High-end buyers want access to activities such as luxury shopping, dining, and the arts, as well as proximity to similar homes. Luxury real estate investors can flip a mansion, invest internationally, buy a luxury condo, buy a high-end vacation property, or build from scratch.
Investopedia
Bottom Line
If you own a luxury home and want to know how strong demand is in your area, let’s connect so you can capitalize on current market conditions while buyer demand for upscale homes is so high.
Bottom Line
If you own a luxury home and want to know how strong demand is in your area, let’s connect so you can capitalize on current market conditions while buyer demand for upscale homes is so high.
When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight. Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen:
Prices increased by double digits in every region of the country and in 19 of 20 major metros. Chicago was the only exception, where prices still rose by 9%.
What does this mean to those who purchased a second home during the pandemic?
Many people didn’t want to give up a home in the city or close to their office. Instead, they purchased a larger second home farther away and moved there to stay safe and have more space. According to the same Zelman report, sales for second homes rose an astonishing 27% in 2020. That large second-home retreat on a lake or in the mountains would demand a higher price than the average house. Let’s assume a buyer purchased such a home for $500,000. Assuming the middle 13.2% appreciation shown above, that home would now be worth about $566,000. Those who bought second homes to improve their lifestyle during the height of the pandemic, or those who just wanted to be in a safer environment, also made a great investment.
What should these homeowners do now as the pandemic is receding, and the economy is reopening?
The buyers of those second homes now have a decision to make. Many will move back to the original home they still own (the one that’s closer to work, friends, and family). Should they keep the second home? That could depend on answers to questions like these:
Now that you may have to go back to the office (at least a few days a week) and students are required to physically attend school, would you still use the second house enough to warrant the expenses of an additional home?
Would you go to the second home on most weekends, or would you return to the movie theater, attend sporting events, eat out at fine restaurants, or spend your time traveling again?
Bottom Line
If you purchased a larger second home during the pandemic, you were able to make day-to-day life much easier for those important to you. You also made it much safer. However, with those goals already accomplished, you now need to decide whether to continue paying the extra expenses or sell the house and cash in your profit. If you decide selling makes sense, let’s connect today to discuss the value of your second home.
Bottom Line
If you purchased a larger second home during the pandemic, you were able to make day-to-day life much easier for those important to you. You also made it much safer. However, with those goals already accomplished, you now need to decide whether to continue paying the extra expenses or sell the house and cash in your profit. If you decide selling makes sense, let’s connect today to discuss the value of your second home.
