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September 2018 RE/MAX National Housing Report: 3 Things to Know

by Heidi Winston, RE/MAX Lifetime Achievement Recipie

The September 2018 RE/MAX National Housing Report shows home sales took a 12% tumble while prices remain at record levels.

“The big drop in September closings catches your attention. The market is clearly rebalancing as buyers and sellers continue to process the increasing interest rate environment and what that means to them,” said RE/MAX CEO Adam Contos. “The slower drop in inventory – a visible trend for nearly half a year – further illustrates the ongoing shift toward market equilibrium, and that’s healthy in the long-term.”

To access the housing report infographic, visit: https://rem.ax/2phKHWT.

  1. Home Sales
    The report showed trends of fewer closings and stabilizing inventory that continued through September, punctuated by a surprisingly big 11.6% year-over-year drop in home sales.
  2. Record Prices
    September 2018 posted a Median Sales Price of $241,000 that marked the 30th consecutive month of year-over-year price increases – the price is also the highest September price in the 10-year history of the report. Home prices rose by 5.6% over September 2017, more than twice the year-over-year price increase of 2.3% from September 2016 to September 2017. That reversed a trend seen in the previous three months, when year-over-year price increases trailed 2017’s rate of growth.
  3. Low Inventory
    The number of homes for sale in September 2018 was down 1.0% from August 2018 and down 4.7% from September 2017. Based on the rate of home sales in September, the Months Supply of Inventory increased to 3.7 from 3.0 in August 2018, and increased compared to September 2017 at 3.6.

“It’s a little surprising to see prices staying so strong, but it’s hardly shocking in such a tight market,” added Contos. “The headwinds of rising prices and interest rates amid already tight inventory levels have been crimping affordability and slowing sales for most of the year, but it varies by geography. In circumstances like these, where the market is tricky to navigate, both buyers and sellers can benefit by aligning themselves with a professional agent – a local expert who can cut through the noise and advocate on their behalf.”

To access the housing report infographic, visithttps://rem.ax/2phKHWT

Contact Heidi Winston of Winston Realty Group for all of your real estate needs. For more information or to schedule a showing, visit www.winstonrealtygroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you'll be glad we're your real estate professionals.

Just Listed - 10369 Trailing Dalea Ave, Las Vegas!

by Heidi Winston

Summerlin Remodel!

Incredibly remodeled and move in ready! This lovely home offers 3 spacious bedrooms plus loft and 2 1/2 baths.

Pass through the nice covered porch and step inside the double door entry into a masterfully designed living/dining Room showcasing man made wood floors, vaulted ceilings, gorgeous shutters, recessed lighting and views to the loft. This warm and inviting space is surrounded in large windows allowing plenty of sunlight to embrace this area of the home. There are two nicely sized niches. One in the living room area which would be great for an entertainment center and one in the dining room that is ideal for a large hutch.

The living/dining room area flows into the kitchen. It hosts exotic granite counter tops, tile back-splash, under mount sink, reverse osmosis system, tile flooring and sleek stainless appliances. The kitchen also boasts a convenient center island great for food prep or serving and an over sink window overlooking the backyard. The kitchen flows seamlessly in to the breakfast area and adjacent family room making entertaining a breeze. New easy open French style glass sliders provide access from the breakfast area to the rear patio expanding your entreating space. A gracious powder room with granite topped vanity and laundry room with tons of storage are nestled just off the family and breakfast area.

At the top of the second floor landing you will find more storage cabinetry. An open hall leads to the master bedroom, two family bedroom and loft. An inviting master bedroom is the perfect nighttime retreat with custom color palette, entertainment niche, and private master bath. The master bath has a dual sink vanity, large soaking tub, separate shower, compartmented toilet area and walk-in closet. Each of the additional family bedrooms are spacious and welcoming featuring loads of natural light. The loft area can be utilized in numerous of ways!

The private backyard has mature landscaping and large covered slatted patio. This easy to maintain yard is great for pets or little ones. There is also plenty of space here for a pool if wanted.

Additional home features include: new painted interior and exterior, new lights, & extra storage. Great location with a short walk to the great Willows Pool and Park.

Contact Heidi Winston of Winston Realty Group for All Your Real Estate Needs! For more information or to schedule a showing. Visit www.WinstonRealtyGroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you’ll be glad we’re Your Real Estate Professionals!

New On The Market - 957 Hickock Street!

by Heidi Winston

 

Remodeled Farmhouse!

This beautifully remodeled farmhouse sits on a half-acre lot featuring an in-ground pool, spa with waterfall and large circular driveway. The gorgeous interior has beautiful 18 inch tile, gleaming wood floors in den and bedrooms, 8 foot ceilings, new windows, two-toned paint, crown moulding, recessed lighting and plenty of storage.

Easy to maintain desert landscaping greet you upon your arrival showcasing lush trees that canopy your front circular driveway. Step through the new front door into a fabulously remodeled living room hosting 18 inch tile flooring, sparkling crown moulding, custom paint, and brick flanked fireplace inset.

Off to the let of the foyer and living room is a warm and inviting den that is spacious enough to accommodate larger furniture pieces. It has wood floors and convenient display shelves.

Fall in love with the stunning kitchen offering corian counters, sleek white cabinetry, subway tile backsplash, huge walk in pantry and new black appliances including refrigerator. Preparing meals will be an exciting task here!

The master bedroom is a lovely private oasis including handsome wood floors, large closet and crown moulding. A spa-like master bath including a glass block custom shower, new sink, toilet, recessed lighting and crown moulding is the perfect place to wash the stress of the day away. Each of the additional family bedrooms are very spacious with the same beautiful hardwood floors as in the master and custom wall color palettes.

Enjoy several lovely outdoor spaces which are comprised of an in-ground swimming pool with waterfall hot tub, covered patio, additional patio, RV parking area and large backyard ready to make your own.

Contact Heidi Winston of Winston Realty Group for All Your Real Estate Needs! For more information or to schedule a showing. Visit www.WinstonRealtyGroup.com or email Heidi@WinstonRealtyGroup.com. Once you work with us, you’ll be glad we’re Your Real Estate Professionals!

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Contact Information

Photo of RE/MAX Excellence Realty Real Estate
RE/MAX Excellence Realty
Heidi and Michael Winston
4435 South Buffalo
Las Vegas NV 89147
Heidi: 702-277-6599
Michael: 702-219-8692
Fax: 702-974-2288