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Home prices keep climbing in Southern Nevada. An expert answers the question, will this continue?

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Home prices keep climbing in Southern Nevada. An expert answers the question, will this continue?


LAS VEGAS (KTNV) — 2025 has kicked off the new year with record home prices and lots of properties up for sale across Southern Nevada.

According to a new report by Las Vegas REALTORS, the median home price of a single family home sold in January was $485,000. That’s up 9% from January 2024.

This breaks the previous record of $482,000 set back in May 2022.

The median price for condos and townhomes sold for $293,000 — another increase that’s 6.5% from a year ago.

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Related Here’s how the LA wildfires will affect Las Vegas’ housing market

We are all wondering, will this trend continue?

To get you the answer, I asked an expert — Bob Hamrick, the CEO of Coldwell Banker Premier Realty Las Vegas.

Tricia: What are you seeing in the next five years overall in terms of real estate for Southern Nevada?

“Well, Tricia, I think for the example to be during a time when interest rates are as significantly high as they are, for us to continue to see appreciation, it definitely speaks to the resiliency of our marketplace and the belief that our momentum is going to continue,” Hamrick said.

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“I’m a big believer in that as well. We do not have the number of homes necessary for the number of people that are looking to move to Las Vegas and the growth that we’re anticipating. So, I do believe that now is the best time to buy if you’re in the market because it’s likely to continue to move up.”

Real estate experts say because of high interest rates, almost 29% of homes sold in January were cash offers.

Watch Are you thinking of buying a home in Las Vegas? Here’s what you need to know

Are you thinking of buying a home in Las Vegas? Here’s what you need to know

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Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for $46 Million

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Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for  Million


A waterfront mansion on the Nevada side of Lake Tahoe just sold for $46 million, less than three weeks after hitting the market. 

The speedy deal marks a departure from the typical U.S. market.

Nationwide, homes took a median 78 days to land a buyer in January, five more than the same time last year and the 22nd straight month of homes taking longer to sell on a year-over-year basis, according to data from Realtor.com. 

Mansion Global Boutique: Book Lovers Rejoice: 8 Must-Haves To Build Your Perfect Reading Nook

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The lavish log cabin-like residence, in Incline Village, listed on Jan. 24 for $47.5 million. It sold 20 days later, on Feb. 13, listing records show. 

The more than 7,000-square-foot residence was built in 2014, and has double-height living spaces, walls of windows, beamed ceilings, fireplaces, and plenty of rustic exposed stone and wood, listing images show. 

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There’s also a gym, a wet bar, a spa, a wine room, an office, two separate game rooms, seven bedrooms and dramatic Lake Tahoe views. Outside, there’s a private sandy beach, multiple decks, a heated driveway and two exterior fireplaces, according to listing information. 

MORE: Visited by Kings and Larger Than Manhattan, Giant Scottish Estate Asks £67 Million

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The seller and the buyer are both limited liability companies, according to property records. Both parties were represented by Jeff Brown of Tahoe Mountain Realty, who declined to comment on the deal. 

The median home price in Incline Village was $1.595 million as of December, a fall of 3.3% from a year earlier, according to data from Realtor.com. Listings, meanwhile, spent an average of 130 days on the market. 



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Green Valley edges Liberty in Class 5A softball — PHOTOS

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Green Valley edges Liberty in Class 5A softball — PHOTOS