In June 2024, the real estate market in Lake Las Vegas, NV, saw some notable trends. The median home sold price was $649,975, reflecting a 1.9% decrease from June 2023. Additionally, the inventory of homes for sale increased by 10% from May to June 2024, with listings staying on the market for an average of 80 days. Despite this, some homes still sold over their listed prices. The market features a variety of homes, including modern two-story houses with lake and mountain views, and luxury properties with extensive upgrades and smart home features (Redfin).
MORTGAGE RATES:
In June 2024, the average mortgage rates for Lake Las Vegas, NV, were reflective of the broader Las Vegas area. The rates were as follows:
- For a 30-year fixed-rate mortgage, the average rate was approximately 6.89% (Money Saver Rates) (Money Saver Rates).
- For a 15-year fixed-rate mortgage, the average rate was around 6.63% (Money Saver Rates).
- Adjustable-rate mortgages (ARMs) had varied rates depending on the specific terms, but a common 5-year ARM was around 7.25% (NerdWallet: Finance smarter).
These rates were influenced by various factors, including the economic climate, demand in the housing market, and changes in the federal interest rates. As always, specific rates can vary based on individual circumstances such as credit scores, down payments, and the lender’s policies.
