89117 Las Vegas Real Estate Market Report

89117 Las Vegas Real Estate Market Report

89117 is in the Southwest Area of Las Vegas. It spans from W. Charleston to W. Spring Mountain and from S. Hualapai to S. Rainbow Blvd. It’s home to the Whole Foods Market, Regal Village Village Square Movie Theater, and Lori Ballen Team Las Vegas (Keller Williams). According to the 2010 Census, there are 55,416 people living in 23,699 households in 89117.

Popular neighborhoods include The Lakes and Canyon Gate Country Club. Here, you can view the Google Map of 89117.

This area has been building since 1976 and has recent new construction as well.

Real Estate Market

There were 5,648 properties sold in 89117. This includes single family, condos, and townhomes.

89117 has had steady growth year over year.

At the end of 2017, the average home price in 89117 was $301,044 which is 8.03% over the prior year.

It’s a 30.77% increase from the average home price in 2013, 5 years ago.

Condo Market

Condo prices have also risen year over year in 89117.

2017 delivered an average price range of $126,435 for a condo in this zip code.

Current Inventory

Active Listings: (Meaning not yet listed as having accepted an offer. AKA: Available)

Number of Residential: 235

Residential Rental: 141

Vacant/Subdivided Land: 13

Land

89117 does offer land opportunities. Since 2013, 89117 Land Prices have increased by 26.21% from 2013 to 2017 and has fluctuated over the years.

It’s a seller’s market for most of the area and price ranges. This means buyers must act fast, be pre-qualified, and present serious offers.

To buy or sell a home in 89117, Contact Lori Ballen Team

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Geneva Lane