Many people are asking… “what is the Real Estate Market doing in Mesquite NV? Well, I like to say it’s been kind of like being on a ventilator during Covid… It’s not Good! Sept-Dec 2022 was very slow. However starting in 2023, it seems that sales are a bit on the upswing. We are seeing a little more activity with buyers and more homes going Pending. The inventory is still slowly growing and the real estate market is moving more toward a Buyer’s Market, where the Buyers have more control in the negotiations.
Wolf Creek Golf Course taken from Club House
Photo taken on 2/16/2023
It will be interesting to see where we go from here…
We are seeing fewer and fewer calls from people looking to rent a home while they build a new home in Mesquite NV. Instead we are getting calls from potential buyers that would prefer to lease a home for a year or longer and wait for the Real Estate Market to settle and possibly get a much better price than buying at the top of the market as it the market is going down. We are hearing people say 1-2 years until the want to buy again.
At least it seems that the drama surrounding the Interest rates is coming to a close. Most of the markets have already adjusted for the anticipated rate hikes. This does give us a little more stability and may be why we are seeing more activity.
Written by Brandon Park of Mesquite Realty. Owner/Broker for Mesquite Realty and have lived and worked in Mesquite NV area for 20 years. Give me a call if you want to discuss Buying/Selling or Leasing a Home!
Just a quick post to let you know the Mesquite MLS Search option is back up and running!
The new search is more user friendly and hopefully, you like it. Mesquite MLS has never been easier to search. This has been a great asset to those getting familiar with Mesquite NV home sales, without having to live here.
We are excited to reach out to friends, neighbors, and real estate clients all of the US and Canada! Summer is finally coming to an end and it’s starting to cool off. Which means our busy season is just around the corner. Let us catch you up on some of the new things that have happened in Mesquite over the summer months.
MARKET CONDITIONS:
According to the Mesquite MLS Home Sale are up 20% in summer of 2015 over 2014. We had a total of 173 sales from June 1,2015 to end of August 31, 2015… and this is supposed to be our slow time! New Homes sales make up most of the increase but overall Market is still doing well. Interest Rates are still around 4%. We have seen some good appreciation the last few years. I can always give you updated sales info for your home or neighborhood just type a comment in the box below and will get to us. It’s that easy!
Mesquite City Council meet on Sept. 8 2105 to discuss Exit 118 Interchange and Lower Flat Top Mesa between I- 15 and Pioneer Blvd in Mesquite, Nevada. With new Exit 118 will be more jobs and more business having access to Mesquite. We foresee more gas stations and convenience stores that are associated with the travelers along I – 15.
Mesquite City has been working on Milepost 118 Project in Mesquite, Nevada since August 2012 and received final approval from the Federal Highway Administration on April 24, 2014. [click to continue…]
We don’t have to remind you how important water is especially in the desert. We also don’t need to remind you that most of the western US has been in a drought for over 10 years. Water is a very often addressed topic that comes up when discussing Mesquite and Homes in Mesquite. This is where the good new comes in… Nevada says no drought conditions in Mesquite NV or in any of the Virgin River Basin. This came as part of a reported by Jason King, Nevada State engineer.
In 2015 the residents of Mesquite enjoyed a long beautiful spring with more than average rain storms dropping rain in various parts of the Virgin River Basin. According to MesquiteWeather.com Mesquite has had 3.74 inches of rain this year. Which is not far from our average rainfall of 5.7 inches per year.
We are grateful for the rain we receive and keep hoping and praying more will come to the West.
The SafeWise Report Announces the 5 Safest Cities in Nevada
The SafeWise Report released its “5 Safest Cities in Nevada” report. To compile this report, SafeWise used the most recent FBI crime data from 2012 to analyze and rank these cities, which all have a minimum population of 5,000 people.
We look at crimes from part 1 of the FBI Unified Crime Report (UCR) reported crime data, which focuses on violent crimes (aggravated assault, forcible rape, murder, and robbery) as well as property crimes (arson, burglary, larceny-theft, and motor vehicle theft). From there, we calculate the chances of these crimes happening out of a thousand in order to level the playing field for cities of varying populations. From all the cities in Nevada, we narrowed the list down to 5 and assigned rankings according to data provided by the FBI’s UCR report.
"Sin City" is the moniker for Las Vegas, but the greatest sin might be failing to ask about Las Vegas homes for sale.. If you believe in being a good steward of your wealth, you need to consider purchasing a Las Vegas home.
Nevada Real Estate
Buy a Nevada home and live in one of the few places that not have income tax. Many of the communities are carefully planned to accommodate growth. This is a colorful state with a colorful history.
Mesquite Realty Office: 702-703-5500 or Brandon Park Cell: 702-610-5012
