Las Vegas Real Estate Blog

Las Vegas Buyer's Market, Seller's Happy Pricing Your House Right - The Morcom Group's Las Vegas December Market Review
Posted by Bobby Morcom on Wednesday, December 28, 2022 at 7:40 AM By Bobby Morcom / December 28, 2022 Comment

Ok Listen up if you have a home in Las Vegas.  Single Family Residential Home 2022 closings are down to new lows going back to 2008 to find lower numbers.  Additionally, we are 25% off the 2021 numbers.  The number of Properties Listed, and Homes Under Contract with a Buyer all dropped significantly again, turning our market from a Seller's market, to a Buyer's market in about 6-months time.    

As a Seller, many Communities are still in High Demand.  Many Buyer's seemingly want MOVE-IN ready homes.  So those that are updated, Fresh and Clean, are still selling Quickly and at Top Market Prices.  Those that need fixing up or updating, seem to languish at those Top of the Market Listing Prices and then sell for Lower anyways.  Attached Date from Equity Title shows Listinngs Over-Priced by 46,000!   

I have had multiple properties, no matter...

Las Vegas, Nevada Short-Term Rental Regulations Ruled Unconstitutional
Posted by Bobby Morcom on Monday, December 19, 2022 at 2:11:43 PM By Bobby Morcom / December 19, 2022 Comment

HUGE win TODAY as The Eight Judicial District Court in Clark County, Nevada granted the Greater Las Vegas Short-Term Rental Association's and its President Jacqueline Flores' preliminary injunction against Clark County (Las Vegas) and the State of Nevada declaring these short-term rental regulations as unconstitutional.

"After being alienated for so long; the Greater Las Vegas STR Association and its short term rental owner members feel validated, vindicated and elated with todays court’s ruling granting our petition for a preliminary injunction...