Each Home possesses a unique soul that resides within us all—a spirit that shapes our existence and ignites our passions. BH Lifestyles is devoted to enhancing the inherent beauty each home with active listening, discerning essence, and crafted plans that breathe life into inspirational design.
BH Lifestyles is more than just interior design; it’s a tailor-made creative journey that illuminates the very essence of Home. The furniture is handpicked, the art is authentic, and the services align with each clients’ aspirations, helping to radiate the extraordinary and joyous possibilities that each Home has to offer.
With BH Lifestyles, your life at Home becomes more bespoke and carefully curated, creating environments that match the unparalleled quality of Blue Heron.
“Through our optional turnkey services, we can select your linens, dishes, artwork, bath accessories, and yes, even your toothbrushes. The BH Lifestyles Team is here for you,” Blue Heron.
Welcome to Vintage Valley, a luxury community located in the heart of Southern Highlands, Las Vegas. This guard-gated community opens up to lush greenery and beautiful surroundings, boasting a view of the Southern Highlands golf course as an added bonus. Stepping into this community is only the beginning of the luxurious lifestyle that awaits.
9 Fire Rock, a custom-built estate, welcomes you with a timeless modern design that is perfect for entertaining guests. With two levels of living space, this stunning home features mirrored primary suites on both floors that offer spa-style baths, steam showers, and custom walk-in closets with a built-in washer and dryer. The first level showcases an additional primary suite, a two-level home theater room, a den with a private exterior entryway, and an expansive indoor-outdoor living space. Meanwhile, the second level boasts an expansive loft, additional rooms, and balconies that overlook the beautiful backyard oasis.
Guests can expect to be pampered with mini suites, full bathrooms, and custom walk-ins that flaunt timeless finishes. And for car enthusiasts, there is ample space for all of your vehicles and storage needs in a spacious 7+ car garage that spans 1,678 sq ft.
The gorgeous curb appeal of this estate is highlighted by a porte-cochère and surrounding greenery that is sure to impress. But that’s not all – step outside and experience the ultimate in indoor-outdoor living with a backyard oasis that features pocket doors that seamlessly blur the lines between indoor and outdoor spaces. Relax and unwind with two covered patios, an expansive swimming pool, and a BBQ dining area.
Unveiling a brand-new, contemporary gem in the guarded Vintage Valley enclave of Southern Highlands. This tastefully curated 7,242 sqft home offers 4 bedrooms, with options to convert the loft into a 5th bedroom or a home office. The game room and theatre are conveniently located near the living area. It features dual master bedrooms upstairs and downstairs, both equipped with spa steam showers, custom walk-in closets, and personal washer/dryer units. Other bedrooms serve as mini suites, each with its own walk-in closet and full bathroom. The grand kitchen is complemented by a “dirty kitchen” for behind-the-scenes prep. A capacious 7+ car garage provides ample storage. The backyard is a beautifully crafted retreat with pocket sliding glass doors leading to covered patios, a BBQ area, and an expansive 1125 sqft pool (twice the size allowed under current water conservation rules). Enjoy indoor-outdoor living at its finest in this entertainer’s paradise.
Virtue Real Estate Group Presented By Darin Marques, Source: GLVAR #2540707
For those seeking a luxury lifestyle in a safe and secure community, Vintage Valley checks all the boxes. Come see for yourself what makes this estate at 9 Fire Rock so special.
Are you in the market to buy or sell a house? If so, you must stay informed about the current supply of homes in your area. In this article, we’ll provide an update on the current inventory of homes for sale and its implications for buyers and sellers.
Historically, there has been a shortage of houses for sale, making it challenging for buyers to find suitable properties. However, recent national data from Realtor.com suggests that there has been a slight increase in housing supply in many parts of the country. Last month, the country’s housing supply rose by 5%.
While this news might seem promising for potential buyers, it’s important to note that the current inventory remains significantly lower than typical levels. The graph below illustrates the present active listing counts in comparison to the most recent “normal” years in the housing market (2017-2019). As you can see, there is still a long way to go before inventory levels return to normal.
It’s crucial to remember that the housing market is highly local, and therefore, a trusted real estate agent is vital to get an accurate assessment of your specific market. If you’re looking to buy a home, your agent can provide a more comprehensive understanding of the inventory situation and offer essential strategies that other buyers have successfully used to navigate the low housing supply.
📊 Here’s a Market Snapshot: 📅 Date: October 2023 📍 Location: Las Vegas, Nevada
📈 Housing market is on the move! Here’s a snapshot of the latest market trends:
✅ Currently, we have a low 2.25 Months Supply of Inventory, indicating a competitive market for buyers. It’s crucial to act swiftly to secure your dream home in this fast-paced market.
📉 Over the last 12 months, the Months Supply of Inventory has decreased by 39.35%. This reduction shows a trend towards limited inventory, leading to increased demand and potentially higher home prices.
💲 Looking at the numbers, the List to Sold Price percentage stands at an impressive 98.6%. This indicates that sellers are receiving strong offers close to their asking prices, making it an advantageous time to sell your property.
⏰ Homes are not staying on the market for long! The median days on market is just 18 days. If you’re considering selling, this statistic highlights the desirability of Las Vegas properties and the potential for a quick sale.
📈The median Sold Price for homes in Las Vegas currently stands at $405,000. This figure showcases the value and growth potential of properties in our vibrant city.
For sellers, the rise in housing inventory should not discourage you. Despite the slight increase in the national inventory, available homes on the market remain significantly lower than usual, and some areas may have an even lower supply. A skilled agent can offer essential tactics to help you sell your property effectively in this competitive market.
Keeping up to date on the latest real estate market trends is essential whether you’re looking to purchase or sell a home. Don’t hesitate to reach out to our experts for guidance in navigating the continuously evolving world of real estate.
As your trusted REALTOR® I am here to guide you through the ever-changing market conditions and help you make informed decisions. Whether you’re buying or selling, don’t hesitate to reach out for personalized advice tailored to your unique situation! 🤝
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
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.
Challenge #1: The Reluctance to Take on a Higher Mortgage Rate
According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below):
But today, the typical 30-year fixed mortgage rate offered to buyers is closer to 7%. As a result, many homeowners are opting to stay put instead of moving to another home with a higher borrowing cost. This is a situation known as the mortgage rate lock-in effect.
The Advice: Waiting May Not Pay Off
While experts project mortgage rates will gradually fall this year as inflation cools, that doesn’t necessarily mean you should wait to sell. Mortgage rates are notoriously hard to predict. And, right now home prices are back on the rise. If you move now, you’ll at least beat rising home prices when you buy your next home. And, if experts are right and rates fall, you can always refinance later if that happens.
Challenge #2: The Fear of Not Finding Something to Buy
When so many homeowners are reluctant to take on a higher rate, fewer homes are going to come onto the market. That’s going to keep inventory low. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:
“Inventory will remain tight in the coming months and even for the next couple of years. Some homeowners are unwilling to trade up or trade down after locking in historically-low mortgage rates in recent years.”
Even though you know this limited housing supply helps your house stand out to eager buyers, it may also make you feel hesitant to sell because you don’t want to struggle to find something to purchase.
The Advice: Broaden Your Search
If fear you won’t be able to find your next home is the primary thing holding you back, remember to consider all your options. Looking at all housing types including condos, townhouses, and even newly built homes can help give you more to choose from. Plus, if you’re able to work fully remote or hybrid, you may be able to consider areas you hadn’t previously searched. If you can look further from your place of work, you may have more affordable options.
Bottom Line
Instead of focusing on the challenges, focus on what you can control. Let’s connect so you’re working with a professional who has the experience to navigate these waters and find the perfect home for you.
👉 Whether you’re looking to buy or sell, Susan Marques, your dedicated REALTOR®, is here to guide you through the dynamic Las Vegas real estate market.
Contact her today to discuss your goals and make the most of these favorable market conditions.
Whether you are a buyer or a seller, understanding real estate metrics is crucial in making informed decisions in the housing market. So, let’s dive right in and explore the correlation between these real estate indicators.
Months Supply of Inventory
Did you know that currently there are only 1.9 Months Supply of Inventory? This means that demand is high, and the market is favoring sellers. Over the last 12 months, we’ve seen a -16.3% decrease in Months Supply of Inventory, indicating a tightening market.
Months Supply of Inventory metric represents the number of months it would take to sell all the available homes on the market if no new listings were added. A lower value indicates a seller’s market, where demand exceeds supply, resulting in potentially higher prices. With a months supply of inventory of 1.97, we can conclude that the market leans towards a seller’s market, indicating a high level of demand.
12-Month Change in Months of Inventory
Next, we have the 12-Month Change in Months of Inventory, which is at -16.88%. This metric showcases the percentage change in the months of inventory over the past year. In this case, the negative value indicates a decrease in the number of months it would take to sell all the available homes. This further supports the notion of a seller’s market, as the decrease suggests a tightening supply and increased competition among buyers.
Median Days Homes are On the Market
Median Days Homes are On the Market, stands at a mere 20 days as of August, 1st 2023. This metric represents the average number of days it takes for a home to be sold after being listed. A lower value suggests a faster-paced market where properties are in high demand and attract eager buyers. With a median of only 20 days, we can infer that the real estate market is highly active, with properties being snatched off the market relatively quickly.
List to Sold Price Percentage
List to Sold Price Percentage, currently stands at an impressive 98.6%. This metric illustrates the percentage of the listing price that a property ultimately sells for. A higher percentage indicates that sellers are receiving offers close to their asking prices, reflecting a strong market where buyers are willing to meet sellers’ expectations. With a list to sold price percentage of 98.6%, we can conclude that sellers in this market have been successful in negotiating deals close to their asking prices.
Median Sold Price
Median Sold Price, which is at a substantial $443,250. This metric represents the midpoint of all the sold prices in a given area, providing insight into the overall pricing trends. With a median sold price of $443,250, we can deduce that the market is experiencing healthy price levels, reflecting strong demand and value in the housing market.
In summary, the correlation between these real estate metrics paints a promising picture for both buyers and sellers. The low months supply of inventory, coupled with a decrease in the months of inventory over the past year, suggests a seller’s market with high demand and potential for increased prices. The short median days homes are on the market further reinforces this notion, indicating a fast-paced market where properties are selling swiftly. Additionally, the high list to sold price percentage signifies that sellers are achieving their desired prices, while the substantial median sold price suggests a healthy and valuable market.
With these metrics in mind, buyers can approach the market with a sense of urgency and be prepared to make competitive offers, while sellers can expect strong demand and potentially favorable selling conditions. As always, it is crucial to consult with a trusted real estate professional to navigate this dynamic market successfully.
👉 Whether you’re looking to buy or sell, Susan Marques, your dedicated REALTOR®, is here to guide you through the dynamic Las Vegas real estate market.
Contact her today to discuss your goals and make the most of these favorable market conditions.
