Are you tired of rising rents and uncertain stability with your landlord? Dreaming of a place to call your own but worried about timing and affordability? You're not alone. Many East Las Vegas locals face these challenges. But here's the good news: now might be the perfect time to make your move, especially in the Independence community by Touchstone Living. Let's explore how we can help to make homeownership possible for you.

Current Market Overview

Before we dive into the reasons why now is the ideal time to buy in East Las Vegas, let's look at some key statistics:

• Stable Growth: As of January 2024, the median listing home price in East Las Vegas has increased by 1.6% over the same period in 2023, indicating a stable market with potential for appreciation.
• Balanced Market: The supply and demand for homes in East Las Vegas are currently balanced, with homes selling after an average of 75 days on the market.
• Affordability: East Las Vegas offers overall affordability that beats to the national average.
• Low Inventory: The housing inventory remains low, creating a competitive advantage for new home communities.

Curious about how these market conditions could benefit you? Let's explore the top 5 reasons why now is the time to buy your new home in East Las Vegas.

5 Reasons to Buy a New Home in East Las Vegas - NOW!

1. Prime Location and Community Growth: Your Urban Oasis Awaits

Imagine waking up in a vibrant neighborhood that offers the perfect blend of urban accessibility and suburban lifestyle. East Las Vegas delivers just that, with convenient access to dozens of grocery stores, hundreds of shopping outlets and restaurants, right at your fingertips. Your new home in Independence could be the perfect place for your Las Vegas lifestyle.

2. Beat Rising Prices and Build Equity Faster: Invest in Your Future

Why wait and potentially miss out on significant savings? With home prices in East Las Vegas showing appreciation, purchasing now means you're likely to see growth in your property's value. For example, the Las Vegas median home price increased from about $370,000 in early 2022 to around $404,967 by early 2024. Meaning those homeowners have approximately $35,000 in home equity…makes you wish you had purchased sooner, right? By buying now, you start building equity now, securing your financial future. Save yourself the disappointment of looking back in another two-years, possibly knowing you missed out on significant equity.

3. Future Expansion and Improved Accessibility: Get Ahead of the Curve

Exciting developments are on the horizon! The planned extension of Hollywood Boulevard promises to bring more jobs, shopping outlets, services, and improved traffic flow to East Las Vegas. This could potentially increase home values in the area, making now the perfect time to invest. Imagine being able to say, "I bought before the boom!" Learn more about the Hollywood Boulevard extension.

4. Balanced Market and New Community Advantages: Your Perfect Timing

The real estate market in East Las Vegas is currently ‘balanced’, providing a fair playing field for buyers. There is not an excess inventory of older homes available to purchase. By choosing Independence Planned new home community, you have more options, along with the benefits of new construction technologies, home warranty, and increased efficiency over resale homes in the area. Plus, with the recently completed park and growing interest in the area, acting now, allows you to get in early and potentially benefit from future price increases. You could be part of shaping this thriving new community!

5. Family-Friendly Environment with Great Schools: Nurture Your Future

For families, East Las Vegas is a dream come true. The surrounding area hosts 25 public schools rated good and higher by GreatSchools, providing excellent educational options for children. Combined with the unmatched amenities and energy efficiency of new homes at Independence Planned Community, you're setting your family up for an attainable lifestyle in a thriving neighborhood. Isn't it time to give your family the home they deserve?

Why Choose Independence by Touchstone Living

At Independence, we understand the challenges of first-time homebuyers. That's why we've designed our community to make your journey to homeownership as smooth as possible. Here's what sets us apart:

• Location: Situated on E. Vegas Valley near Hollywood, offering the perfect balance of accessibility and community feel.
• Variety: Four collections and 14 floor plans to suit different budgets, needs and preferences.
• Value: Each home comes with solar panels that you own, Energy Star® Certification- saving you money on utility bills each month, and all options and upgrades at no additional cost.
• Amenities: Enjoy resort-style amenities unlike anything else in the area and enjoy a sense of community to enhance your quality of life.

Your Path to Homeownership

Ready to take the first step toward homeownership? Here's how Touchstone Living can guide you:

• Explore our available homes and floor plans online.
• Schedule a preview of our community to see the Touchstone difference in person.
• Meet with our expert sales consultants and lending partners to discuss your needs and options.
• Choose your perfect home and let us guide you through the journey to homeownership.

The East Las Vegas real estate market presents a golden opportunity for homebuyers, especially those looking at new construction like Independence by Touchstone Living. With a balanced market, future road expansion, and the combination of affordability, amenities, and potential for growth, NOW is the time to invest in your future through homeownership.

Ready to begin your journey to homeownership? Contact us today to learn more about available homes and current incentives at Independence. Your new home in East Las Vegas is waiting for you!

About the Author: This article was written by the Touchstone Living team. As Las Vegas's largest local new home builder, we're committed to constructing high-quality homes, guiding buyers through every step of their path, to homeownership, and serving our community. We build more than houses – we make homeownership possible.