Trending...
- The 2025 ESPY Awards After Party- Presented by Poppi & High Noon
- General Auction Company Announces August 8th Auction- Now Accepting Consignments
- $53 Million Company Valuation Investment with Majority Acquisition Option, Plus New Stock CUSIP Supporting Brand Transition of Fan Engagement Company
Builder incentives vanish with a strong housing market in greater Las Vegas.
LAS VEGAS - Californer -- As previously discussed by Atlas Group LC and other leading professionals in the Las Vegas market, it seems apparent that the housing market for both rentals and sales will remain strong for the foreseeable future.
Most of the national builders have removed incentives for both buyers and real estate agents in the current sales climate and are still receiving multiple bids on properties. In some instances, there are waiting lists of buyers attempting to secure a new build. The consensus of the French Workbench podcast panel was that as people moved out of cities in order to take obtain a friendlier living environment, that both new home as well as existing home prices will remain high if not go higher from increased demand. In addition, the reinstatement of incentives by builders could be an early indication of the sales market softening.
More on The Californer
According to Rick Raines of the Atlas Group LC, a residential property management firm with over 25 years in the Las Vegas market, "Rentals are moving as fast as they possibly could. Rental prices are steadily increasing and the demand is increasing as well. If a property is priced right, it is gone within a few hours. It is not unusual to get over a hundred inquiries within a 24 hour time span on just one rental listing. There are many reasons that are supporting this renting frenzy. First of all, in general, many people are getting pushed out of the home buying market as prices continue to rise. In addition, we have had several owners come through our office that had just sold property in another state. In many instances, they are choosing to rent before they buy again. They have the means to pay their entire initial lease term upfront when they move in. Also, current Las Vegas residents are seeing rental prices rise and in many instances are choosing to lock-in better housing at a slightly higher rate now instead of waiting for prices to rise even further.
More on The Californer
Rental and sale statistics received through the Multiple Listing Service show that both the sales and rental markets of available properties are expanding, but not at a rate that is of a significance to change the current housing climate in Las Vegas. On average, additional housing units have been increasing about 3% per week over the last month.
Be sure and subscribe to the French Workbench podcast hosted by Daniel French every Saturday for the most relevant housing updates. If you would like touch base with a property manager, call the Atlas Group LC at 702-916-2222. We would be happy to discuss any challenges you may be facing and there is never any obligation.
Most of the national builders have removed incentives for both buyers and real estate agents in the current sales climate and are still receiving multiple bids on properties. In some instances, there are waiting lists of buyers attempting to secure a new build. The consensus of the French Workbench podcast panel was that as people moved out of cities in order to take obtain a friendlier living environment, that both new home as well as existing home prices will remain high if not go higher from increased demand. In addition, the reinstatement of incentives by builders could be an early indication of the sales market softening.
More on The Californer
- Laube Titanium to Attend MADE Bike Show in Portland, Oregon
- A Century of Compassion: Butte Humane Society Hosts 114th Anniversary Gilded Garden Gala
- United Set to Hire More Special Olympics Athletes As Customer Service Ambassadors
- Exelon Leader Tamla Olivier Named 2025 Technologist of the Year by Waves of Change STEM Conference
- KIDZ BOP RELEASES BRAND NEW ALBUM 'KIDZ BOP 51' FEATURING HITS "APT" & "PINK PONY CLUB"
According to Rick Raines of the Atlas Group LC, a residential property management firm with over 25 years in the Las Vegas market, "Rentals are moving as fast as they possibly could. Rental prices are steadily increasing and the demand is increasing as well. If a property is priced right, it is gone within a few hours. It is not unusual to get over a hundred inquiries within a 24 hour time span on just one rental listing. There are many reasons that are supporting this renting frenzy. First of all, in general, many people are getting pushed out of the home buying market as prices continue to rise. In addition, we have had several owners come through our office that had just sold property in another state. In many instances, they are choosing to rent before they buy again. They have the means to pay their entire initial lease term upfront when they move in. Also, current Las Vegas residents are seeing rental prices rise and in many instances are choosing to lock-in better housing at a slightly higher rate now instead of waiting for prices to rise even further.
More on The Californer
- Be Part of the World's Largest Art Biennale | Moons, Castles, Trees | Copenhagen Chronotopes
- California sends more search and rescue crews to Texas
- YourEggs Is Leading the Way in Providing Access to the Best Asian Egg Donors to Families Worldwide
- California: Governor Newsom and Acting Governor Kounalakis honor fallen CDCR Parole Agent
- California sues to stop Trump's politically motivated attack on high-speed rail
Rental and sale statistics received through the Multiple Listing Service show that both the sales and rental markets of available properties are expanding, but not at a rate that is of a significance to change the current housing climate in Las Vegas. On average, additional housing units have been increasing about 3% per week over the last month.
Be sure and subscribe to the French Workbench podcast hosted by Daniel French every Saturday for the most relevant housing updates. If you would like touch base with a property manager, call the Atlas Group LC at 702-916-2222. We would be happy to discuss any challenges you may be facing and there is never any obligation.
Source: Atlas Group LC
0 Comments
Latest on The Californer
- WonderDays Launches the UK's First AI Experience Gift Finder – Gifting Just Got So Much Easier!
- CelluHeal™ Launches Full Line of Advanced Wound Dressings for Online Purchase in the USA, Canada, and Beyond
- California: Governor Newsom responds to Trump's latest gift to China: Defunding America's only high-speed rail
- California: Governor Newsom announces appointments 7.16.25
- California: Governor Newsom calls on Trump to end Los Angeles militarization, shares community resources
- City of Long Beach to Host Compost and Recycling Ambassador Program
- AMAZON DRIVERS IN CITY OF INDUSTRY JOIN THE TEAMSTERS
- Silva Construction Details Common Home Renovation Mistakes and How to Avoid Them
- Governor Newsom invites LA Fire survivors to continue shaping rebuilding efforts through Engaged California
- DOGUE Magazine and CoverDogs Announce Series A to Redefine Modern Pet Culture
- Voices for Humanity Treks High into the Himalayas to Deliver the Way to Happiness with Meena Sharma
- Nonprofit innovator named Mensa Executive Director
- Following Trump cut to LGBTQ youth suicide hotline, California steps up to fill the gap
- Yasmine Roulleau named Managing Director in Vancouver, Canada
- Chasing Elizabeth Taylor — The Dazzling True Story Behind the Queen of Diamonds Now Available in Limited-Edition Hardcover
- Swim Up Hill Animation Premieres Pilot Episode of "The Adventure of Swim Up Hill"
- LOS ANGELES TEAMSTERS AT METRO TRANSIT RATIFY FIRST CONTRACT
- Calmwater Capital Funds $22.8 Million Loan to Refinance Retail Complex in Park City
- From Barrio to Transgender Pioneer: Chapter 14 Personal Injustices Faced by the Protagonist
- Blacksmith InfoSec and Liongard Launch Strategic Integration to Simplify MSP Compliance Audits