Orange Realty Group Blog

Luxury home sales continued their record-breaking pace in July, as prices hit double digit gains in 19 major markets, according to the realtor.com® 2018 Luxury Home Index. Additionally, the number of sales at or above the $1 million mark rose 13 percent over last year. The Index analyzes the entry-level luxury price tier, defined as the top…

As house hunters and real estate agents know, the inventory of homes for sale has dropped fast in Las Vegas. Low availability and strong demand have helped pump up local home prices at one of the fastest rates in the country, creating a windfall for sellers and sparking affordability concerns. Now there are signs —…

Las Vegas’ housing market is gaining speed with fast-rising prices and increased construction. And as Lawrence Yun sees it, prices won’t tumble anytime soon, and builders need to build more to boost inventory. Yun, the National Association of Realtors chief economist, gave a presentation Tuesday at a Nevada Realtors conference at the M Resort. Before he spoke,…

With Las Vegas’ housing market heating up, four local communities are in the top 20 nationally for builders’ sales this year, a new report shows. Builders sold 772 homes in Summerlin this year through June 30, third-highest among U.S. master-planned communities. The sales tally was up 64 percent from the same period in 2017, according to real estate…

It’s not just the weather that’s heating up as we move into spring. The cost of a newly constructed home is rising as the housing market enters its peak buying months. The median price of a new home climbed to $337,200 in March, according to a joint report by the U.S. Census Bureau and U.S. Department of Housing and…

Does your home offer any of the perks some buyers will pay more for? Thousands of data points correlate with home values and sale prices — some of which are obvious (like the condition of the home) and some that aren’t. Here are several surprising things that can affect either the existing value of your home…

Home prices in Las Vegas are shooting up higher than the hotel and casino towers on the glittering Strip. Prices for single-family homes were up across the nation by about 7% annually as of March. But Las Vegas led the pack of metros, with the largest annual price hike, 12.6%, as of March, according to…

Luxury housing in Reno, Nevada, is experiencing some of the fastest price growth in the U.S., as the city suffers from extremely limited housing stock, according to data released Thursday from realtor.com. The Reno metro area logged a 53.3% spike in the average sales price of a luxury home in February compared to the same…