February 2024 Las Vegas Housing Market Update

Unlock the secrets of Las Vegas's ever-evolving real estate landscape with your guides Trish Williams and Tiana Carroll, as we dissect the fresh February 2024 market stats. We're not just crunching numbers; we're giving you the insider scoop on the heartbeat of the city's property market. From the surge in single-family home sales to the rapid pace of luxury estates and bustling condo sales, we've got the lowdown on why, even in a climate of climbing interest rates, the neon city's market remains an alluring investment. Forget the naysayers predicting a downturn; our discussion peels back the layers of the market's current state, providing you with the why and how of Las Vegas real estate resilience.

Have you ever wondered if a freeway might be more than just a route to work, but a factor in your home's value? We tackle a topic that's revving up interest amongst homeowners and potential buyers alike: the impact of freeway proximity on property allure. Learn how today's savvy sellers are turning potential drawbacks into selling points, and find out what's flying off the market in under a month. And for those curious about the latest in home efficiency, our chat navigates through the rise of propane, the evolution of electric stoves, and the skyrocketing popularity of modular homes, making this episode a must-listen for home design enthusiasts and eco-conscious investors alike.

Step into the future of home living as we explore the innovative world of modular homes and the companies like Genesis leading the charge in cost-effective, stylish housing solutions. Whether it’s off-grid living on large parcels of land or maximizing energy efficiency in residential design, we're bringing to light the advancements that are reshaping how we think about our living spaces. So, join us, Trish and Tiana, for a journey through the latest in Las Vegas real estate, where we lift the curtain on the trends and technologies that are transforming homes and investments in the city of lights.

Transcript

Speaker 1: 0:14

Hey Las Vegas, welcome back to Vegas Realty. Check local Las Vegas Real Estate news. And I'm Trish Williams and I'm Tiana Carroll. Happy Thursday, vegas Thursday, and we're at our market report day, so we're going to be talking all about the February 2024 stats. Yeah so we're in March right now, and February numbers hot off the press because I couldn't even find them. They weren't released. Yeah, so we got the Insider scoop. Guys, we're going to get this to you before anybody else does, Right before it's even on the LVR website.

Speaker 2: 0:46

Yeah, so we have that coming to you this morning, yep, but before we get into our monthly market, what happened before we go back in time to February. Let's talk about immediately, right now, what our second Thursday was the 14th of March. Yep, the 14th of March. Let's see what our numbers look like, because they're pretty similar to last week. Like our single family sold is 3,331.

Speaker 1: 1:15

Thank, you yes, and that is the single family on the market right On the market.

Speaker 2: 1:23

That's the active single family home.

Speaker 1: 1:25

We're 3,500, that's where we've been hovering for gosh a year.

Speaker 2: 1:29

Yeah, and now we were at the 3,500, now we've been hovering around that 3,300. Yeah, so that's good.

Speaker 1: 1:36

Yeah, 407 sold for the week. Yeah, that's a good sales number, our sales numbers are doing well.

Speaker 2: 1:42

Not at that. We had 339 price decreases. Yep, that number's been consistent all year.

Speaker 1: 1:48

Yeah, it's only been three months. But yeah, that's about right. Yeah, so we're at 697 under contract. That's a good, healthy number too.

Speaker 2: 1:56

That's a good, healthy number.

Speaker 1: 1:57

Yeah, lots of indicators markets doing well.

Speaker 2: 2:00

Spring has sprung Spring has sprung.

Speaker 1: 2:03

We did get. We had something happen, economy whatever, why? I have no idea what all this stuff means, but I do know that what it meant was rates jumped up a little bit last week, so that was a big bummer for everybody.

Speaker 2: 2:18

That was a big bummer, because everybody is hanging on every word, hoping for that interest rate to drop, to drop, to drop. So then it felt like the market was a little bit deflated, like, oh drop, it went up. Our interest rates are up, that's okay.

Speaker 1: 2:33

But what goes up will come down eventually one day. It's all cyclical, yeah, and one day. We don't know when that day is, though, so they did announce the intent of dropping rates once inflation's under control, so I mean, I think they pulled back on that a little bit like saying it's not going to happen right away, but they never said it's not going to happen, so I feel like there's still a silver lining in the future.

Speaker 2: 2:56

You're so hopeful, you're like please just drop the interest rates. I don't know If and when they drop those interest rates, I think it's going to go bananas. Yeah, because I can't believe how many buyers are just sitting on the sidelines Like I'm just waiting for the right interest rate. I'm just waiting for the right interest rate.

Speaker 1: 3:15

Yeah, and that troubles me because they're waiting for the right interest rate before they jump. But when the interest rate gets right, prices are going to get higher and buying power is going to decrease. So it's really. I know the rates are not attractive at this point, but it really is the time now to buy versus when the rates come down. You know you can always refinance later. So I don't know, just a little. I guess my insight, or a lot of ours.

Speaker 2: 3:49

Yeah, I think in general, if you're talking to anybody in real estate or in mortgage, they're going to tell you the best time to buy was yesterday, always, and then they're going to let you know that interest rates are said to come down the election year. You've heard it. If you've, especially if you turned in the show, you've heard all the same things we have been saying, and that's literally most everybody in real estate across the board.

Speaker 1: 4:12

Yeah, the best time to buy was 2010. Yeah, if you all could figure out a way to get back there.

Speaker 2: 4:18

Hey, let me know I'm looking to go back in time too.

Speaker 1: 4:20

If you figure it out, let me know I want to go with you, yeah, so, but yeah, if you don't have a time machine, then you know you got to deal with what we're in now.

Speaker 2: 4:28

Yeah, and that's the thing right. It's becoming almost imperative that you get into the market before it gets so out of control that it's unaffordable for our future.

Speaker 1: 4:42

Yes, and there's so much stuff going around, buzz and everything like that, like we're running out of dirt, we're moving outside, into cities nearby, where you know I mean it's not. There's nothing that says that like real estate's going to like not be a print, not not appreciate over the years.

Speaker 2: 4:59

Yeah, and I did see like um for the past week. There's all these top 10 cities that are going to crash, biggest recession happening in these 10 cities, these 10 cities, and, of course, vegas is usually on all of them. And this week I went through four different lists and Vegas was not on one of those lists. Well, I was like woohoo.

Speaker 1: 5:18

Um Gary Keller. We had our national family reunion. Yeah, that's our national convention, yeah, national convention conference. Um, gary, and shout out, we had Tony Robbins talking to us and Mel Robbins and Mel Robbins. Yes, it was a great conference, but Gary Keller, um owner founder of our company, um, had said that he thinks we just we just came out of the recession. He thinks that um quarter four, 2022, was our recession 23., 23., 23. I forget what year I'm in.

Speaker 2: 5:49

Um, but that's because 23 felt like it disappeared. Yeah, like what?

Speaker 1: 5:54

what do we do for a year, yeah, and he felt, um, he feels that that was our recession and, um, and that we're starting. You know, we're pulling out of that now and I think we've even said that a few times on the on the show. Is that that's what we, that's what we thought we were, we were in, like, that was our downfall.

Speaker 2: 6:11

So yeah, it was extreme for us that we thought it was going to be so maybe they didn't feel like it. But there's other parts of the country. But I like the optimism that Gary has, like, hey, we're moving out of this and moving forward. And I believe that, yeah, because prices are up this year on homes they've gone up, so that's impressive. Yeah.

Speaker 1: 6:29

So, yeah, even though we are in literally in spring, um, tony Robbins was talking like his. His thing was all about seasons, you know, like seasons of scarcity, which he calls winter seasons, you know, and winter is coming. Yeah, well, he was saying we just got out of winter and what happens right after winter is spring. So, um, not just literally, because that is the season that we're in, but in terms of figuratively, figuratively too. So that was interesting Quick thing I wanted to bring up yeah, we do this show on video every week.

Speaker 2: 7:04

Yep every Thursday 9 30 am. So in case you haven't joined the tribe yet, make sure you like share, subscribe. We love having you.

Speaker 1: 7:12

Yes, go on our link trees and enlist our questions. That's realtycheckvaguest, but you know we, we do this show every week unscripted.

Speaker 2: 7:23

We're just up here talking, having a conversation.

Speaker 1: 7:25

Yeah, if you see our notes they're just like super, super minimal.

Speaker 2: 7:29

Yeah, I don't even have notes, so that's okay, yeah sometimes I do like rarely, but but yeah.

Speaker 1: 7:35

So we do this like totally, just like on the fly, unscripted, just off of our knowledge and what we're learning and what we Know in our experience out there in the market. Last week, after the show, we had to do a video that was scripted. It was very scripted and that, you know, I realized something about myself. You don't like a script.

Speaker 2: 7:55

I'll tell you that that's impossible, because I'm not impossible.

Speaker 1: 8:00

They were saying like, hey, here's how you walk, you know, here's what you say. And I was like so focused I watched, I like rewatch the video. I'm so focused on trying to walk because I was like, wow, am I walking okay.

Speaker 2: 8:13

I've only been doing this for just a few years now. Do I remember how this goes?

Speaker 1: 8:17

Yeah. So it's like you know, like focused on like something as simple as walking and then trying to remember a script. I was like totally just off off off me.

Speaker 2: 8:28

Yeah well. I think I think everybody, especially when it comes to Working on a script being on video. It just is a very weird, not natural thing and you're so inside your head. Even before I started co-hosting here with you and I would just come on as a guest, the first couple times I was like, oh, what do I say? What if I mess up? And now I just mess up all the time, but you guys are fine with it. You know me now, so you get it. Yeah, this is that. We'll correct it.

Speaker 2: 8:54

Yeah, but yeah no it's weird being, especially when you're being directed. Yeah.

Speaker 1: 8:59

Yeah, so I that was. That was something where I was like, huh, I do this every week on video and like it feels so natural. But like I mean it was like a 30 second video where they were like do this and say this and I was like, oh my gosh, I can't handle this too much, too much.

Speaker 2: 9:16

Yeah, I think it's just a whole different mindset when you get into the direction of it. Yeah, yeah, absolutely.

Speaker 1: 9:21

Yeah, absolutely Thank too much, so yeah, you got to get out of your own way, girl, yeah. So if all y'all are wondering, this is us Every day, where this is our regular us. This is our regular us, yeah so what do we got going on?

Speaker 2: 9:38

Second Thursday of the month. That means mark your report. We're gonna go back in time and look at all of the February stats and numbers for real estate in Las Vegas. All right, and so I guess we always start off with single family homes and Units sold are up 10% and they were 1896 units, it's almost 1900 not a bad number. Yeah, but you know, what I really like is the up 12 Almost 13% was the new listings.

Speaker 1: 10:11

Well, yeah, that was the sellers that were like hey, markets doing better, yeah, so yeah yeah, yeah, time to jump in the market.

Speaker 2: 10:17

We got up to 2533 new listings last month.

Speaker 1: 10:23

Yeah, and then at the end of the month, units available and single family residents was 3471. Right around where our numbers are still hovering, we're in like 3300 now.

Speaker 2: 10:33

So a little bit less, but yeah, we're uh, those uh that's good, but uh that uh Median home price range is still going up.

Speaker 1: 10:42

Yeah, up up up eight, eight point two percent.

Speaker 2: 10:46

Regardless of what interest rates are doing. Yeah, it went up eight point two percent, so we're now at 460 thousand dollars is the median home price range in Vegas.

Speaker 1: 10:55

Yeah. Median price range of new listings for 85 yeah, so that's even up. And months of inventory gosh, we only have two months.

Speaker 2: 11:04

We don't. We're dropping down to less than two months, 1.8 months of inventory, and that's really what's sustaining our market right. Yeah, yeah, I was talking, we had 5000 homes on the market, prices would be coming down.

Speaker 1: 11:18

Yeah, you know, I was looking. I was looking at a listing coming up which coming soon pay attention.

Speaker 2: 11:24

So if you do want to get a house, you know a girl who's listing one.

Speaker 1: 11:27

Yeah, so it was a in the luxury price range and in Spirata, you know, coming onto the market and you know usually luxury and that's what. Before looking at the Comparables and before looking at the numbers, I was like, oh, usually you know we're in like a 60 hundred and twenty day market in that, yeah, you know, in that price range normal normal.

Speaker 1: 11:46

That's completely average everything there, luxury price point selling and it was like I'd say one between 1 million and 1.5 million. Okay, inspirata was going in less than the highest number I seen was 48 days. Yeah, and a lot of them were like less, like 10 days seven days.

Speaker 2: 12:07

I mean, you're here, you get it. Um, you've seen the market change because our valley is changing. When they're bringing in different industries into our valley, they're also bringing in different education levels and skill sets. So now we have a more educated workforce and higher paid um higher price points in our employment, which means that higher price points and sales of homes everything's going up.

Speaker 1: 12:30

Yeah, yeah. So, um yeah, seeing that type of movement and that type of price range is definitely an indicator that we have pretty strong market. Yeah, yeah.

Speaker 2: 12:39

So we're good, let's sell all the million dollar homes, Of course. Million here, a million there a million million everywhere.

Speaker 1: 12:45

Well, it seems like that's getting closer. Oh being an average price range.

Speaker 2: 12:49

Well, it is getting closer. I mean, we're halfway there almost, which is crazy. But um, yeah, a million dollars. What buys in the valley now versus what it bought eight years ago? Two totally different things. Yeah, you used to be able to get a mega mansion for, yeah, what did they call them Mick mansions? A Mick, a Mick mansion. A little 10,000 square foot home.

Speaker 1: 13:10

Yeah, you could be featured on Cribs yeah, yeah.

Speaker 2: 13:12

Yeah, you have a theater and a gym and all of that. That is not the million dollar home of today. Oh, no, no, no, no Today it's a home. It's a nice home. It's a nice home, it's a nice neighborhood usually.

Speaker 1: 13:25

Yep, and you know there's definitely some, you know incentives of what million dollars can get you and, I'm sure, way better than what it can get you in California. Yeah, that's true, but it's not what it used to be, of course. Yeah, but times change. You used to be able to buy a move in or a first median home for 200,000.

Speaker 2: 13:45

Yeah, so that was, yeah, your standard three bedroom, two bath, 180, 200,000 easy peasy all day long in the neighborhoods and townhomes used to be so inexpensive. Oh yeah, like 100 grand, 120 grand 60.

Speaker 1: 14:00

I remember selling. Well, I'm not talking way back. Well, I remember when I started selling a three bedroom condo for 60,000. And I'm like oh my gosh, why didn't I buy that? Yeah?

Speaker 2: 14:12

And so that leads us right into our condo numbers, because that median home price has gone up significantly. But our stock we have 530 units that sold in the month of February. Yeah.

Speaker 1: 14:26

So that stock or I'm sorry that unit sold is at almost 18%.

Speaker 2: 14:31

Yeah, yeah so that's good, yeah, and the new listings are almost up 20% on condos and townhomes. Yep 738 units available, 1,160 condos and townhomes across the valley Yep and that median price range is no longer 60,000. Not even close.

Speaker 1: 14:52

Not even 200.

Speaker 2: 14:54

Not even 200. 283,000 is the new median home price range for condos and townhomes in the valley.

Speaker 1: 15:00

Yeah, and the new listings are almost at 389,000.

Speaker 2: 15:05

Yeah, and that gives us more inventory than single family. But 2.2 months, yeah, still pretty low Down 14.7% I know Sellers, when are you at? Call me. Yeah, please. No, some of these sellers, they're like. I don't want to have to buy in the same market I'm selling in. Well, that's the way it works, man.

Speaker 1: 15:26

Yeah, that's the way it works, so you could just go like living in RV for a while and see what happens.

Speaker 2: 15:30

Yeah, I do want to scroll down now to the days on market, because you did bring it up. Yeah, about how the because it is always the higher price points move a little bit slower, yeah.

Speaker 1: 15:41

Yeah, and that's a bit of a pool of buyers and those price points.

Speaker 2: 15:45

But those, but those days are not, not long, not the way they used to be. No, no. So more than half are selling in less than 30 days. More than half, 56% are selling in less than 30 days. Yeah, that's the majority of the house, and if that house I'm telling you right now is in good condition, clean, turnkey ready, that house is one of the ones selling in the 30 days.

Speaker 1: 16:07

Yeah, and and and the other 17% Right Are less than 60 days.

Speaker 2: 16:14

Yeah, 31 to 60 days, it's got 17% of the homes, and then it just goes down from there. 61, or under 90 days is 10%, uh-huh, and then under 120 is 4.

Speaker 1: 16:29

Or 7.4. 7.4. And then eight and a half is 121 days plus. So yeah, not. I mean, when you look at the percentages of that versus the units available, I mean it's not a lot.

Speaker 2: 16:40

Yeah, not out there, yeah, but the days on market, even from last month, january, was 52% of the homes sold within 30 days. Now it's 56%. So, that's even going up. Yeah, yeah, so we're, uh, we're doing good.

Speaker 1: 16:54

And then all those good homes is flying off the shelf. Yeah, when you compare it to last year, 2023, we're up quite a bit because, uh, 2023, less than 30 days, was only 41%.

Speaker 2: 17:04

Yeah, so yeah, yeah, yeah, it was much longer back in the February of 23. That's for sure it felt longer, yeah, getting those homes, but that is not where we're at now.

Speaker 1: 17:15

Yeah, and the numbers for condos and townhouse days on the market is pretty much the same.

Speaker 2: 17:20

I mean slightly different, but yeah slightly different, like in the 31 to 60,. It's like we've got 17% for single family home but 20% for townhomes and condos. But the uh, the zero to 30 days for both condos and townhomes are right there. At 56% they're equal.

Speaker 1: 17:37

Yeah, yeah, so Doing well, yeah. So what did we miss anything here?

Speaker 2: 17:43

I don't think we missed too much there. We talked about the months of availability days on market, what our stock is, what we've sold, so I think we're pretty good. I think we could jump on. We missed a listener question last week that we didn't get to answer.

Speaker 1: 17:59

We did, it was Maria Maria.

Speaker 2: 18:01

So we can answer Maria.

Speaker 1: 18:04

Hey, see, we told you we won't forget about you and say, maria, we're women of our word.

Speaker 2: 18:09

Yes, we'll get to you. Yeah.

Speaker 1: 18:11

So, um, maria said my house backs to a freeway, it does, and Maria's concerned that that could be a problem when she sells the house A resale.

Speaker 2: 18:22

Yeah, was it a problem when she bought?

Speaker 1: 18:24

I? That is exactly where I was going to start with this. Like, yeah, was I mean? Did the freeway get built after you bought your house or did Wasn't it there? Was it there when you bought? Because if that wasn't a deterrent for you, the same thing applies to a lot of buyers out there. Now there's buyers that are finicky.

Speaker 2: 18:43

There are buyers that are finicky, that won't buy at a T cross and a road, or they won't oh yeah, that's a feng shui, right, that's a feng shui, yeah. Or there's buyers that won't buy if it's backed up to a road and you will lose some buyers because of it.

Speaker 1: 18:59

Yeah, why not?

Speaker 2: 19:00

But not a lot yeah.

Speaker 1: 19:02

Not a lot. Yeah, it's not going to be like.

Speaker 2: 19:04

oh no, it's not like there's streets of houses that are sitting empty because they back up to a road. People live there. Life goes on. I only ever had one buyer who was upset with it and he's like I don't want them running cars into the back of my wall. That's a concern. It is a concern.

Speaker 1: 19:22

And it happens.

Speaker 2: 19:23

I drive around the valley all the time and at least once a week I'll see a house that has a car in its backyard that came through a wall.

Speaker 1: 19:32

Yeah, my husband and I have a joke. We call it Sunday morning photos. For the longest time we were taking these photos, that always happened Sunday morning, like brick walls crushed into it. Yeah, bad Saturday driving, Bad partying and probably drunk driving. I'm just saying.

Speaker 2: 19:50

Don't drive.

Speaker 1: 19:51

drunk y'all Don't drive drunk that and most of the time. I don't know if I've never seen this not apply, but most of the time when you're back to a freeway, there's a huge retaining wall there.

Speaker 2: 20:06

Yeah, in the valley, yeah, and she's saying she's backed up to the freeway so we have tall soundproof barriers on our freeways so residential areas don't get all of that freeway traffic and it does such a good job at minimizing the sound. Yeah, so you get more sound on a residential street with just like a five-foot block wall than you do on from a house that backs up to the freeway, because usually it's just a giant wall back there.

Speaker 1: 20:32

Yeah, and I do think in all the cases and correct me if I'm wrong, of course that there's usually a buffer zone, or maybe it's like a city requirement to have a buffer zone between the freeway and the, so it's not like your back wall is the freeway.

Speaker 2: 20:47

Yeah, yeah, yeah, there's definitely a buffer zone. Usually it's like a water drainage or whatever, like a five-foot two between that wall and your wall, or maybe it's bigger, I don't know. I never measured it.

Speaker 1: 20:58

Yeah, so I don't see that as a huge deterrent, but I can give you some tips of things to distract the sound. If the sound's an issue, number one uh-huh, what number one is insulation in your home.

Speaker 1: 21:15

Okay, so you can do things like add extra insulation to even your walls, to help soundproof them some more to your attic and things like that that can help soundproof, reduce noise. They have drywall these days. That is sound proofing drywall. Yep, that you can. You know it sounds like a huge project, but it's really not that bad. Remove the drywall, replace it with soundproofing, If that like inside, you're hearing that noise and it is distracting or bothersome to you, but there's a non-construction way of dampening outdoor noise.

Speaker 2: 21:50

Yes, it's water. Yeah, absolutely, just an outdoor fountain. If you have a pool that has a waterfall that breaks up so much of that noise when you're in your background, you don't even notice it.

Speaker 1: 22:01

Absolutely.

Speaker 2: 22:02

It gives you this like serene sound, yeah, just a little trickling waterfall you plug into the wall is fine back there, if you don't have a pool or a water feature, a pre-made one does a very good job of dampening that sound.

Speaker 1: 22:16

Yep, absolutely. And turning your backyard into a sort of oasis, like adding some huge mature trees along that wall. So you're not even looking at the freeway when you're in your backyard and when your home's being shown, they probably don't even realize it's there and you know. It's not that you're trying to tell them it's not there. Of course they have them. They have a map.

Speaker 2: 22:35

But yeah, we're not trying to hide anything and we'll definitely disclose. But yes, just adding large trees, because anything that can break up the sound waves is going to dampen the noise.

Speaker 1: 22:45

Yeah, and then having those trees when you're in your backyard, it's not even going to be a relevant factor. So those are things that you can do to help distract that Windows.

Speaker 2: 22:57

Oh yeah, windows. Windows are a great way to.

Speaker 1: 23:01

Yeah, windows insulate so much. The newer windows have.

Speaker 2: 23:05

They've come so far, so far with the house they have Is it the live builder that I walked into their house and the whole house felt like airtight. You felt like a pop when the door opened because it was so tight and there was nothing getting in or out.

Speaker 1: 23:19

Yeah, yeah. I think they have like a certain like percentage that they have to because of like I don't know, can you suffocate in the house? I don't know.

Speaker 2: 23:28

I don't think that's a real thing. There's a whole bunch of air.

Speaker 1: 23:32

Yeah, I don't know, but there's a percentage of like air that has to flow through a house, like there's a regulation on that, like it's like a super small percentage, like I think like 0.3% or something like that, but I don't know, yeah, but that's not because you're suffocating. I wonder what that is, for it just has to breathe.

Speaker 2: 23:51

The house needs to breathe so you can breathe. Yeah, that's funny, something that is so funny.

Speaker 1: 23:57

So yeah, so that's a, you know, that's another option. So definitely I, you know, I was at the IBS, the International Builders, Builders. What's the S Show?

Speaker 2: 24:10

Oh show Isn't it the International Builder Show? It probably is. Yeah, it's. I always call it the construction show or the builder show.

Speaker 1: 24:18

Yeah, so I was there. It was here in town a couple of weeks ago.

Speaker 2: 24:21

Yeah, it's here every January, February-ish.

Speaker 1: 24:24

Yeah and wow, like so many new things are coming out. And one of the things that I thought was pretty fascinating and I don't see it as happening today, right, but it's definitely, I think, something that we're going to move towards in the future is propane's back, yeah, yeah. If you guys are in the valley, I'm sure you are not immune to the fact that gas prices have like doubled. It feels like they skyrocketed, yeah, and not like just gas at the pump, but like gas yeah.

Speaker 2: 24:54

Natural gas yeah, cooking and heating your home gas.

Speaker 1: 24:58

Yeah, so it's becoming like very unaffordable, like power was, yeah, and the thing about power is, many people have been able to fix that problem with solar Converting over to solar yeah. So now you have the gas issue. So now you have this humongous gas bill instead of your humongous power bill and it's like did utilities ever stop trying to ruin our lives?

Speaker 2: 25:21

Yeah no, when I moved into Lilly, she was plump for both gas and electric and I thought, oh, I'm going to get all gas, appliances and whatever. And it was great in the beginning. And then the prices skyrocketed up and now my electricity bill is teeny, teeny tiny, but my gas bill is like hello, I'm big, it's crazy no. I don't have that. I don't have that kind of energy. Everything's going back to electricity, yeah.

Speaker 1: 25:45

So I've seen a lot of propane water heaters, just a lot of propane options. Like I think that they're working on a way to bring propane is easily accessible in the average American home. Okay, yeah, because it is like when you're on horse property you can get those big tanks brought in.

Speaker 2: 26:03

Yeah, you get a huge tank. Especially a lot of the valley is the horse properties in the valley are all electric and so if people do want propane, they get the huge propane gas tank. Put it on the side yard and have that sucker filled up and use it for the duration.

Speaker 2: 26:21

And let's be honest, like cooking on electric stoves versus gas stoves, if you like cooking, I think that is an old myth because when we did a remodel on the painted desert we used a gas or electric stove and I was concerned about cooking on it. But it really was great temperature control. Like with modern technology, those electric stoves have come such a long way. For somebody who loves to oh, I guess I don't love to cook, I love to eat, but I do a lot of cooking and I got to the point where I could just cook as effectively on that electric stove top as I could a gas.

Speaker 1: 27:01

Yeah, I used to have electric as well in our old house, so I think, yeah, I prefer gas, but I like to heat tortillas, like you know, right on the fire.

Speaker 2: 27:13

So I don't know, but I guess there's that's because they're delicious. They are delicious.

Speaker 1: 27:19

Now.

Speaker 2: 27:19

I'm hungry, yeah, so I'm going to get.

Speaker 1: 27:21

Mexican food. So yeah, so that was one of the things I seen at the Builders Convention. Another thing which I thought was pretty fascinating is modular homes, and the thing is, it's not your mom is modular or not your grandma's modular home. So before that's, like you know, manufactured homes, trailers and even those like even those.

Speaker 2: 27:41

They've come a long way. They have come a long way, yeah, and they're doing more of like the tiny home aesthetic in those modular homes. So then they don't feel like trailers. They don't feel like trailers at all. They have drywall.

Speaker 1: 27:54

Yeah, yeah, they have drywall. They're like I mean then they're super energy efficient. Wow, they're so much different. But they also have something which they don't call, which they call a modular home instead of a manufactured home, or they had one that they were calling HUD home or you know something like of the sort. But the modular homes are look pretty much exactly like a custom home. Yeah, but they can bring it and place it and I guess if you go this rating and the company was called Genesis, so if you go through and purchase their modular like one of their modular packages modular homes in most cases, because zoning restrictions are an issue If you're buying a manufactured home and your zoning is not for manufactured home, it's for custom home you can't just put a manufactured home there. That's not an option. It has to be zoned for that and the modular homes in most cases can get away from that because they are basically very much like a custom home, but for like 40% of the cost.

Speaker 2: 29:05

Yeah, and they're slabbed right, they are. Yeah, so that's how come they can get away with it.

Speaker 1: 29:11

Yeah, and they have options. I was talking to the guy. They have options where they can just do a whole package which includes utility, everything, just like your total boom. It's there and it's in, like I think it was like eight weeks or something from start to finish.

Speaker 2: 29:25

Can you imagine? Yeah, if you've ever built a house, you know how it does not take eight weeks.

Speaker 1: 29:29

It doesn't take two years.

Speaker 2: 29:30

It might take eight weeks just for supplies to come in.

Speaker 1: 29:33

Yeah.

Speaker 2: 29:34

so yeah, I was just like, wow, we're definitely we are in the future, yeah, there was a company out of Sweden that I was researching in like 2022, and they did modular homes and it was sort of like Legos, like you could add bedrooms and they just sort of clicked into place and suck it.

Speaker 1: 29:55

I think that's kind of what this is.

Speaker 2: 29:57

Okay, yeah that was really, really cool At the time, though it was so expensive to bring it from Sweden to Vegas. But two years later, I'm sure there's companies who have jumped all over the bandwagon with the sort of blueprint on how they're doing their business and to make it more cost effective here in the US.

Speaker 1: 30:13

Yeah, it seems extremely cost effective. I'm actually going to be scheduling a consultation with Genesis to get more information. I am so fascinated. I want the rundown of exactly how all this works because it's pretty amazing.

Speaker 2: 30:25

I always thought that would be something brilliant for Perump. Yes, because you can get big parcels of land out in Perump and some of them are on well and you can attach electric and then you're just sort of off the grid on these sort of prefabbed houses. Yeah, and they're nice and they're modern and they're bright and they're airy. They're much more impressive than if you said you bought a manufactured home or a trailer.

Speaker 1: 30:49

Yeah, I mean yeah, absolutely and energy efficient, like that's always been biggest deterrent of trailers and manufactured homes because their walls are so thin.

Speaker 2: 30:59

So thin.

Speaker 1: 31:00

They're not energy efficient, but they have fixed that problem.

Speaker 2: 31:04

Yeah, which is good, because you're right, they're not energy efficient.

Speaker 1: 31:07

Yeah, and I mean they had when you go down to like their actual, like manufactured homes, like they had one package there that was like 199, I believe it was. That was like you know, three bedroom, you know brand new, great modern style and that's like everything installed, brought in, delivered utilities have felt like boom. That's awesome, that's pretty awesome.

Speaker 2: 31:31

You have to have the land. I was gonna say you have to have the land and you have to have the slab and the utilities in place, so they just come in erected all and connect it yeah of course yeah.

Speaker 1: 31:40

if there's no utilities on the lot, you have that.

Speaker 2: 31:42

Yeah, they don't magically appear y'all. Yeah, they just bring them in? No, but did you see all of the cool solar stuff at the show?

Speaker 1: 31:50

Yes, yes, there is. I mean just so much in innovation. Like it is, it is great. And then design, oh my God.

Speaker 2: 31:57

Oh well, we. Yeah. We could talk a whole other show on design, but we don't want to get too carried away. But some of the cool solar stuff was shingles for houses, so your actual roof would be a solar panel.

Speaker 1: 32:08

I want to see those, so I'm so intrigued by those. Yeah, I like the look of it, even like just what I've seen off the renderings, but I've never seen one real life.

Speaker 2: 32:18

Oh, you didn't see them at the show. Well, not, no, not like the whole roof but they had the displays out there Well yeah, the little.

Speaker 1: 32:25

I mean I want to see one on a house. Oh yeah, like I want to see a house in a neighborhood.

Speaker 2: 32:30

It was. The tiles are black, yeah, so it was like a black roof and it really just looks clean and neat and modern. Yeah, every single panel up there is absorbing sun, yeah, which is cool. And then they also had a booth that had those octagon, almost tiles and their solar tiles, and they can pull out pieces or sections of asphalt, like say, before a stoplight or something, pull out those sections of asphalt, put in those octagon tiles, almost like pavers, and those are solar panels. Wow, I did not see that one.

Speaker 2: 33:03

Yeah, and they can run like the street lights and the stop signs that have the lights on them and all the stuff for the city. It was pretty cool yeah.

Speaker 1: 33:12

It's so amazing the mines out there and what they've come up with. And one more thing, one more thing I know we're like way over time.

Speaker 2: 33:18

Okay, one more thing. There's probably a million things here.

Speaker 1: 33:21

But another thing that I thought was like wow, thank God someone came up with this. But the like courts. You know, courts countertops are very popular right now.

Speaker 1: 33:30

People love a solid surface, yeah solid surface and they have a new way of doing that. That's not, yeah, so, same more. So, instead of buying like a big slab of courts and tearing out your old countertop, you know, and chipping it if you have the tile, ooh, yeah, you're in for a project, yeah Instead of doing that and bringing in a whole new countertop they have overlays now.

Speaker 2: 33:54

So it's, real courts. It's just super you know it's a lot thinner. It's just thin like an eighth of an inch.

Speaker 1: 33:59

Yeah, so it just goes right over the top and the you know seams and whatever. And just to the average eye, this is a quartz countertop. You can't tell if it's any different, but it's it again.

Speaker 2: 34:10

Wow, that seems like an incredibly cost-effective way to upgrade a tile countertop or a laminate or just Kitchen yeah.

Speaker 1: 34:20

Yeah, anything, yeah, and it's a yeah less than half the cost and I was like, wow, you guys are really using your heads on this stuff. So good job. That's very interesting. Yeah, very cool. So, yeah, lots of new things going on, and you want to hear more about new things that are going on. How do people get ahold of you, tiana?

Speaker 2: 34:39

Oh well, you can always reach out to me at 702-379-9948. That is my cell. You can call or text. And then you have your cell that they can call or text.

Speaker 1: 34:48

Yes, that is 702-308-2878. My name's Trish Williams and please, if you have a moment, go to our link tree, which is realtichecfagus, and you can follow us anywhere and everywhere, anywhere that you please.

Speaker 2: 35:03

All the Instagram and Facebook and everything for the show and for us personally. So come join the tribe.

Speaker 1: 35:09

Yes, and send us your listener questions. We can answer them live here on the show, just like we did Maria's today.

Speaker 2: 35:14

Yep, and make sure you hit that Like button, share, subscribe if you're on the YouTube. Obviously, if you're listening to this on any kind of a podcast, you've already downloaded it. So thank you for that, thank you.

Speaker 1: 35:26

See you guys next week at 9.30. Have a great week.

Speaker 2: 35:29

See you then. We're going to spy Bye, thank you.