As we enter fall, there are a few things that we typically observe. One is a buildup in inventory which is often the result of slower sales rates. Another market feature that we often observe is an increase in days on market. This market mechanism, which manifests as strong seasonal patterns, often results in more moderate price changes during the fall months, as demand softens and available supply expands. August figures, which are revealed be... read more
Looking year-over-year, the number of single family escrows opened and homes closed have been more than respectable. Closings are up nearly 20% year-over-year when measured in July and the year-to-date numbers are solid also. Price increases have moderated and we believe this is a welcome pause after the consistency in vibrant price increases. We have already experienced more price amplification than we expected back in Ja... read more
So far 2015 is looking a lot like 2014 in terms of closings. Both single family homes and condominiums are very close to 2014 levels between January and May. However, the type of buyer has been shifting with prices ratcheting higher during the past year. Investors now make up a relevant but declining share of closings and the higher prices have likely tempered some first-time buyer interest although low interes... read more
Coldwell Banker Premier Realty is proud to announce that its Strategic Services Division in Las Vegas represented the seller on the sale of a 5,000-square-foot medical office building for $1.725 million. The property recently closed escrow and is located across from the St. Rose Dominican San Martin Hospital at Warm Springs and Cimarron Roads.
“This is a great example of what CBPR can do,” said Tom Mangione, Vice President of New Business Development at CBPR. “We helped the client sell... read more
April 1, 2015 – Las Vegas, NV – Coldwell Banker Premier Realty’s (CBPR) 2015 first quarter sales saw an increase of 14 percent from last year’s first quarter. Additionally, CBPR and its staff were awarded a number of accolades throughout the first quarter of 2015.
CBPR’s Corporate Services Division was awarded the “Platinum Award” by Cartus for its relocation services. Molly Hamrick, President, COO was honored as University of Nevada Las Vegas’ (UNLV) Marketing and I... read more