Here's what you can get for $700,000 in Las Vegas
'Sin City' homes offer heavenly comfort
The Las Vegas real estate market has seen a serious slowdown, but prices remain higher than they were a year ago.
The median closing price in Vegas hit a record $319,000 in March despite the growing coronavirus pandemic, Thomas Blanchard, president of the Las Vegas Realtors trade group, said in a video last month.
That median price point fell to $310,000 in April, the Las Vegas Review-Journal reported, but that was still up 3.3 percent from April 2019.
The number of houses sold last month, however, was down 31.4 percent from a year earlier, according to the report.
Blanchard noted that the market was “lagging” in April but remained optimistic that it would continue upward after the pandemic wanes.
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“Let’s face it, this is a temporary thing that we’re going through,” he said in the video. “I expect everything will be OK once we get through this.”
Still, it could be a good time to buy before the market picks up again. Here’s a look at what’s on the market in Las Vegas for a buyer with a $700,000 budget:
Salt Creek - $675,000
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This single-story home offers a “backyard paradise” in a small gated neighborhood, according to the listing with Ashley Hollenbeck of Synergy Sotheby’s International Realty.
The 3,596-square-foot home includes four bedrooms, two bathrooms and one half-bath.
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The upgraded interior includes custom built-ins, plantation shutters and custom closets, according to the listing. There are a formal living and dining room, a den, a great room and office space. The master suite offers a bathroom with a walk-in granite shower and a jetted tub.
The property features a heated pool with a waterfall, a covered patio, low-maintenance landscaping, a circular driveway and a side yard with enough space to park an RV.
Foothills - $650,000
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This home is located in a private guard-gated community and has been “highly upgraded,” according to the listing with Linda Rheinberger of Berkshire Hathaway HomeServices Nevada Properties.
The 3,092-square-foot home includes four bedrooms, two bathrooms and one half-bath.
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Inside, the home includes comforts like a downstairs master, a family room, a gas fireplace and a covered, closed-in patio.
Outside, there’s a built-in barbecue, a heated pool/spa combo and a waterfall on the 7,841-square-foot lot. The property also includes a three-car garage.
Nevada Trails - $640,000
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This home sits on a quiet cul-de-sac just down the street from a park with a playground, a basketball court and tennis courts.
The 3,878-square-foot home includes six bedrooms, three bathrooms and one half-bath, according to the listing with Robert Steim of Keller Williams.
The home includes a spacious kitchen with double ovens, a large island and a walk-in pantry. The master bathroom features a large tub, a walk-in shower and dual vanities.
The “resort-like” backyard offers a heated pool and spa, a waterfall, a built-in barbecue and an outdoor kitchen, a fire pit and a putting green, according to the listing. There’s also a three-car garage and the oversized driveway has enough room for RV parking.