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LVR reports local home prices springing forward

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LVR reports local home prices springing forward


LAS VEGAS – A report released Tuesday by Las Vegas REALTORS® (LVR) shows local housing prices springing forward in April, with condo and townhome prices reaching a record high.

LVR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during April was $469,000. That’s up 9.1% from $430,000 in April of 2023. However, local home prices are still below the all-time record of $482,000 set in May of 2022.

2024 LVR President Merri Perry
2024 LVR President Merri Perry

The median price of local condos and townhomes sold in April was $290,000, up 7.4% from $270,000 in April 2023. That’s an all-time high, surpassing the $287,000 mark set in August of 2022.

LVR President Merri Perry, a longtime local REALTOR®, said local home prices have remained resilient this year despite recently rising mortgage interest rates. Despite rising rates, she was pleased to see an increasing number of properties being sold last month.

“Mortgage rates have been slowing down home sales this year, so it’s good to see more homes and condos selling,” Perry said. “Overall, demand continues to outpace the supply of homes here in Southern Nevada, and that’s driving up prices.”

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By the end of April, LVR reported 3,476 single-family homes listed for sale without any sort of offer. That’s down 7.0% from one year earlier. Meanwhile, the 1,248 condos and townhomes listed without offers in April represent a 29.5% increase from one year earlier.

LVR reported a total of 2,960 existing local homes, condos and townhomes sold in April. Compared to April 2023, sales were up 19.2% for homes and up 16.1% for condos and townhomes. The sales pace in April equates to less than a two-month housing supply, which is similar to one year ago and considered low by historical standards.

According to LVR, 2023 was the slowest year for existing local home sales since 2008. LVR reported a total of 29,069 sales of existing local homes, condos and townhomes in 2023. That was down from 35,584 total sales in 2022. That followed a record year for existing local home sales in 2021, when LVR reported 50,010 total properties were sold.

During April, LVR found that 26.9% of all local property sales were cash transactions. That’s up from 22.3% one year ago. That’s well below the May 2013 cash buyer peak of 59.5%.

The number of so-called distressed sales remains near historically low levels. LVR reported that short sales and foreclosures combined accounted for 1.2% of all existing local property sales in April. That compares to 0.8% one year ago, 0.5% two years ago, 0.9% three years ago, 1.5% four years ago and 3.0% of all sales five years ago.

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These LVR statistics include activity through the end of April 2024. LVR distributes statistics each month based on data collected through its MLS, which does not account for all newly constructed homes sold by local builders or homes for sale by owners. Other highlights include:

  • The total value of local real estate transactions tracked through the MLS during April was more than $1.4 billion for homes and more than $193 million for condos, high-rise condos and townhomes. Compared to one year earlier, total sales values in April were up 35.4% for homes and up 28.5% for condos and townhomes.
  • In April, 83.0% of all existing local homes and 84.1% of all existing local condos and townhomes sold within 60 days. That compares to one year earlier, when 71.5% of all local homes and 75.7% of all condos and townhomes sold within 60 days.

About LVR

Las Vegas REALTORS® (formerly known as GLVAR) was founded in 1947 and provides its nearly 17,000 local members with education, training and political representation. The local representative of the National Association of REALTORS®, LVR is the largest professional organization in Southern Nevada. Each member receives the highest level of professional training and must abide by a strict code of ethics. For more information, visit www.LasVegasRealtor.com.



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Nevada

LETTER: Nevada and the Colorado River negotiations

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LETTER: Nevada and the Colorado River negotiations


In your recent editorial on the Colorado River talks, the Review-Journal is right that Nevada deserves fairness in these negotiations. Nevada uses the least water, leads in conservation and re-uses about 85 percent of what it draws.

So why is Nevada being positioned to give more? The Review-Journal makes the case against it, but stops short of addressing how years of prior negotiations have already set a precedent for Nevada to surrender portions of its legal entitlement. Southern Nevada Water Authority General Manager John Entsminger has advanced a plan that reportedly includes surrendering up to 50,000 acre-feet, nearly 17 percent of Nevada’s allocation, while upper basin states face no comparable requirement to improve recycling or reduce structural losses.

There is already plenty of “unfairness” to go around, particularly in how Southern Nevada residents have been expected to shoulder the burden (both financially and environmentally) in the name of “conservation.”

For years, water use reductions tied to Lake Mead levels have been driven in part by hydropower thresholds, while the public narrative has centered on the lake’s visible “bathtub ring” to justify restrictions. It is also worth noting that California benefits significantly from higher reservoir levels. Under the compact, water use within the system, not energy production, is the priority.

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Now we are told the state will “fight like hell.” The question is: Why not fight for every drop of Nevada’s legal entitlement?

The editorial also does not address a critical fact: Colorado diverts a significant portion of its Colorado River water across the Continental Divide, sending much of it out of the system entirely. Nevada, meanwhile, returns most of what it uses.

Nevada has the smallest allocation, the highest efficiency, significant amounts of stored water and the infrastructure to access it. Yet its leadership appears to be negotiating as a mediator rather than defending those advantages. “Fighting like hell” for fairness means demanding accountability, not giving more away or allowing more to be taken.



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Kitchen of Kindness: A local nonprofit in Northern Nevada aims to feed those in need

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Kitchen of Kindness: A local nonprofit in Northern Nevada aims to feed those in need


Kitchen of Kindness is a volunteer-powered initiative
Provided/Rabbi Moshe Cunin

INCLINE VILLAGE, Nev. – Kitchen of Kindness is on a mission to give back to the community. The nonprofit is a volunteer-driven program through Chabad Cares Nevada and aims to assist those in need including seniors, hospitalized individuals and families by providing meals, support, and connection. 

When asked how the idea for the program first came to fruition, Executive Director of Chabad Cares Nevada, Rabbi Moshe Cunin, said “The inspiration for the idea was from my wife and her family. Unfortunately, her dad died from cancer, but he had been helped for many years by members of their community bringing food to them.”

After receiving kindness and support from others, Cunin’s wife Doba, and Doba’s mother, decided it was time to give back. Thus, Kitchen of Kindness was created last June and has been picking up the pace ever since.



A major avenue to their funding is through selling homemade challah bread and pastries at the Incline Village Farmers Market which is scheduled to open this summer on Thursday, May 21. 

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Rabbi Moshe Cunin and his wife Doba at the Incline Village Farmers Market
Provided/Rabbi Moshe Cunin

“It’s been amazing,” said Cunin. “We just popped up at the Incline Village Farmers Market and we sold out every week. What’s really cool is that some of the bread is being sold, but the money from that bread sold is going to fund the rest of it getting delivered that week to family members of people in the hospital, people in need, or a new mom with a baby.”



Cunin delivers the food himself, along with other program volunteers, and their goal for distribution is to get the fresh food out as quickly as possible.

While serving a wide range of Northern Nevada, including Lake Tahoe, Cunin wants to continue to grow Kitchen of Kindness. Already, the community kitchen offers assistance in family events, team building, birthday parties, and ways to prevent food waste. They even provide hot meals and companionship as part of their senior engagement, and partner with larger nonprofits such as Eddy House Youth Homeless Shelter in Reno. 

“Our dream would be to up the scale of the amount of events we do, the amount of volunteers, and the amount of people we can help,” said Cunin who notes that although they are borrowing a local kosher kitchen space through a jewish school and synagogue, his vision is to have a dedicated space to be used full-time. 

As Kitchen of Kindness’s mission unfolds, Cunin says the Torah’s teachings of anonymous, selfless charity is a key factor in its importance, where the giver feels no arrogance and the receiver feels no embarrassment.

“There’s so many that want to give and be generous, and may not have a ton of money to give away, but they have time,” said Cunin. “Time itself is such a value and this is such a great opportunity for people that have time and can partner together with us and use their time and turn it into giving.”

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Stop by their bake sale booth at Incline Village Farmers Market this summer for an oppertunity to support their cause. 

To learn more about Kitchen of Kindness or Chabad Cares Nevada, as well as ways to get involved, visit https://www.chabadcaresnevada.com/kitchen





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Nevada Secretary of State announces decrease in active registered voters

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Nevada Secretary of State announces decrease in active registered voters


Nevada Secretary of State Francisco Aguilar reported a decrease of 99,628 active registered voters during the month of March 2026 as compared to February 2026. The total number of active registered voters in Nevada is 2,040,752, a decrease of (-4.66%).

Officials say the decrease in active registered voters is due in large part to list maintenance activities conducted by the Clark County Election Department. The office sent 117,650 notices to voters and inactivated approximately 104,945 voters who did not respond to the notice.

The report indicates nonpartisan active registered voters decreased by 36,904 (-4.55%). Republican Party active registered voters statewide decreased by 24,261 (-4.08%). Democratic Party active registered voters statewide decreased by 30,179 (-5.08%). Independent American Party active registered voters decreased by 5,145 (-5.68%), and Libertarian Party of Nevada active registered voters decreased by 939 (-6.26%).

Active registered voters from a compilation of “other” minor political parties decreased by 2,200 (-6.44%).

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Of the 2,040,752 active registered voters in Nevada:

  • 774,669 are Nonpartisan (37.96%)
  • 570,951 are Republicans (27.98%)
  • 563,733 are Democrats (27.62%)
  • 85,369 are members of the Independent American Party (4.18%)
  • 14,051 are members of the Libertarian Party of Nevada (0.69%)
  • 31,979 are members of other minor political parties (1.57%)

The latest voter registration breakdown can be found under the Elections tab or by clicking here.



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