Nevada Market Still Holds Strong – Despite Rising Supply
Nevada's housing market remains resilient this year. Inventory surged to 19,065 homes for sale by June—a 32% year-over-year increase. Despite the growing supply, forecast still points to modest price gains of 2–4%, particularly in Las Vegas and Reno.
Timing tip: Summer (June–August) is prime selling season in Nevada. Homes close faster—around 30–35 days on market—making it a seller-favorable period.
Arizona: Burgeoning Opportunities From Suburbs to Mega-Developments
Maricopa in Pinal County has emerged as one of the hottest real estate zip codes in the U.S. Properties typically go under contract within 90 days of listing.
Gilbert, AZ is now a magnet for out-of-state buyers seeking year-round sunshine. Median home prices hover around $550,000, with ultra-luxury estates reaching up to $25 million, including lakeside custom properties and golf-course enclaves.
Developments like Teravalis—a master-planned community near Phoenix—is set to deliver up to 100,000 homes and 55 million square feet of commercial space. Homelot sales have begun, signaling significant future growth potential.
Quick Overview: Nevada vs. Arizona Real Estate
| State | Key Trends | Strategy Tip |
|---|---|---|
| Nevada | Rising inventory—but stable demand & small growth | Best to sell in summer; buyers may negotiate |
| Arizona | Hot suburban markets & mega-developments | Invest in fast-growing towns or large-scale projects |
Bottom Line
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Nevada: More choices for buyers, steady but slower price growth.
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Arizona: Rapidly expanding suburbs and landmark developments create major opportunities for growth and investment.
Sources:
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Nevada housing stats & price forecast;
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Nevada seasonality & sell timing;
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Maricopa real estate boom;
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Gilbert’s rising appeal & luxury market;
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Teravalis planned community insights.
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