Selling Your House in Las Vegas: When to Sell a House?
Most traditional markets have better seasonal selling months than others. Las Vegas does not have bitter cold or snow that may stop a potential buyer from heading out in the “elements” to buy a home. Las Vegas does have that nasty blast furnace heat in the summer that one would *think* it could stop buyers from searching for a home but that is not true!
Las Vegas real estate attracts many types of buyers: first time buyers, vacation & second home buyers, retiree buyers & investor buyers.
Spring, Summer, Winter or Fall – there is no best season to sell a house in Las Vegas.
January, February, March, April, May, June, July, August, September, October, November or December – there is no best month to sell a house in Las Vegas.
Thanksgiving, Christmas, New Years, Super Bowl, Valentine’s Day, Fourth of July, Back to School, Halloween – there is no best holiday to wait to sell a house in Las Vegas after.
Take a look at this graphic:
Blue represents active listings, red represents contracted listings and green represents sales. Each line is for a month from December 2007 to December 2011. Every month there is green even during the “crappy sales months” of December 2007 through early spring 2008. That means every month there are sales – and these days the amount of sales are very healthy every month & every season so it really doesn’t matter when to sell your house. It’s only a matter of *if* you *need* to sell your house.
Any house will sell in any month if it is:
- Priced correctly for current market conditions
- Easy to show
- In good repair
- Shows well
- Marketed to target audience correctly
The Las Vegas real estate market breaks all “laws” about when to sell your house during seasons, months & holidays. Las Vegas is a 24/7/365 town with homes selling every day of the year!
Renee I feel the same way, if the house is priced right, shows well and access is easy it will sell anytime of year.
Renee - Love it! I couldn't agree with you more.
Hi Renee, for many reasons, there are always buyers and sellers who must buy or sell regardless of the holiday, month, season or the weather.
Totally agree with you Renee. If it looks good, shows well, it will sell anytime.
Renee,
There are always buyers out there and they are looking for "good buys". Once they have bought, there will be somebody else. As long as the general economy supports it, there will be activity.
The Toronto market is vibrant throughout the entire year.
Brian
Thats a good analysis Renee,
I believe that timing is important.
Thanks for the charts.
Renee, you are lucky you don't have weather impede showings or the ability to buy and sell real estate! Glad to hear your market is picking up!
Extreme temperatures in NH definately have an impact on home sales. This winter has been very mild so it will be interesting to see the stats.
It must be nice to have a nice level and reliable market. We have been quiet for 3 years and now it is slamming. Not complaining, but it would be nice if we could just find some balance.
I am a little jealous of you right now! No cold weather, no seasonal lulls and being in Vegas at the same time! Some girls have all the luck don't they! :-)
Renee, the summer months are our best selling months. However, I have seen lots of buyer activity in January. I think buyers are tired on waiting and ready to finally make a move.
it is the same here. There is not good time to sell. When I did open houses they used to get busier around the holidays, even Christmas. I think seasonal selling goes with the weather. And we don't have seasonal changes.
Point well stated, case well-made. There is no best time to buy or sell, and the blast furnance heat actually sounds good right now . . . for the Pacific NW winters!
We definitely have a seasonal market in Manhattan where the volume of transactions goes up and down.
Great visual for your point Renee. Our comparative graph is not quite as straight, but still, homes sell every day of the year. If it's not on the market, it won't sell.
Renee, your graph says it all. Even in the bad months, properties do sell. Very well presented!
Renee, LV sounds like a great place to be working in Real Estate and to live in. It's true that no matter what the weather if a buyer is ready, anytime is good!
Good Monday morning. Excellent post and a good reminder for home sellers that other factors play bigger parts than the month for putting a home on the market for sale.
Have an outstanding week!
Renee, need to check out the monthly stats over the last 2 years in my town...we are a bit different but it is a great graph to share with the public...it is a great blog post too!
Hi Renee - excellent post about the appropriate time to sell your Las Vegas house. Great analysis.
Renee, another great presentation on your Las Vegas real estate market. And, your points on any house will sell when.......always appropriate!!!!
Renee:
I recently sold a home in December in 12 days. The house was priced right, it was clean, there was a negligible pest report and the house was in good condition. The two open houses I held were packed with people who loved the home. It had the elements that you suggest are important to sell a property any time of the year.
Great and simple information. Well layed out. Good luck to you in 2012!
And I sold 2 this month priced exactly where the short sale lender suggested adn they lasted 1 day.
I gave them comps to prove higher but this is what they wanted and wham 1 day sales.
Sometimes they should oh I don't know, let the PROFESSIONAL do his JOB!
Renee
I would think having a market that is go all year would be right up my alley. What a nice place you live in.
Renee,
Excellent post!!!! I particularly like your "if" list at the bottom!
Have a great Thursday!!
Renee,
Every other day is good except Valentine's day, Halloween, your own birthday and the day they implode another older resort for a new one because of the dust. Vegas is a year-round real estate market.