Condos for sale in Las Vegas in 2020
Condos for sale in Las Vegas are a great alternative to single family homes for those who either can’t afford detached houses or don’t care about maintaining the exterior of the house and front and back yards. Buyers can choose from mid-rise luxury condominiums, urban lofts, high-rise condominiums, 4-plexes and town homes which we discuss in the overview of different types of Las Vegas condominiums for sale and their own pages.
While most Las Vegas real estate market updates mix condominiums and townhouses, and do one report for both, we discuss them separately. This is due to the fact that they don’t appreciate at the same rate.
Furthermore, there is a wrong belief that single family homes appreciate more than condos. The median price of condos has appreciated by about 214% since the real estate recovery of January, 2012 while the median price of houses has appreciated by 150%.
Not all condos for sale in Las Vegas can be financed as there are restrictions that have to be met. There are several lists for condominium projects that can be financed, including an FHA approved list as well as VA and Fannie Mae condo approved lists. These lists are good for only two years and many online lists have expired information. Call us at 702-478-7800 if you need updated information about your desired unit.
Condominium buying guide
We have prepared a series of video tutorials covering the whole process of buying homes or condominiums from A to Z called home buying tutorials. We start with a realistic example of is it better to buy or rent, then searching the MLS, mortgage loan financing, making offers and finally the escrow process to close the deal.
If you are planning to buy a unit, or sell one, please call us at 702-478-7800 or use the contact form and we will be happy to help you get a great deal and close it without any complications.