Bonanza Villas East: 13 Condos, All Asking $110,000, None Cut

All 13 homes for sale in Bonanza Villas East have the same asking price, $110,000. The range runs from $110,000 to $110,000, so there is no cheaper or dearer listing to trade up or down to. These are asking prices, not sale prices, and they tell you what sellers want, not what any home is worth.

That uniformity makes the neighbourhood unusually easy to read. Below we walk through what the $110,000 figure gets you, what it looks like against the wider Downtown & Fremont area, and what the lack of price cuts means for how you approach an offer.

What $110,000 buys: a 908 square foot, two bedroom condo

The median home for sale in Bonanza Villas East has 908 square feet and 2 bedrooms, and the median asking price per square foot is $121. All 13 listings are condos, and the median home was built in 1980.

Several of the listings on Siki Court match that median exactly, each at $110,000 with 2 bedrooms, 1 bath and 908 square feet:

• 2936 Siki Court, $110,000
• 2932 Siki Court, $110,000
• 2921 Siki Court, $110,000

Because the size, bedroom count and price are the same, the details that separate one from another are things a listing summary cannot tell you. Condition, the unit's position, fees and what is included are all worth asking about, and we have not seen these homes, so we will not guess at them.

The same budget, a few more addresses

If the first three do not suit, the same $110,000 and the same 908 square feet apply to 2925 Siki Court, 2916 Siki Court and 2928 Siki Court. Each is listed as 2 bedrooms and 1 bath.

With 13 homes available, you are not choosing from a thin field. Two of them came on the market in the last 14 days, so the list does turn over, though slowly. A typical listing here has been on the market 16 days.

How this compares with Downtown & Fremont

Across all of Downtown & Fremont, the median asking price is $369,250, or $231 per square foot. In Bonanza Villas East the median is $110,000, or $121 per square foot. That is a gap of $259,250 in the median asking price, and $110 per square foot.

Part of that gap reflects what is listed. Every home in Bonanza Villas East is a condo, while the wider area includes other kinds of homes, so the two medians are not a like-for-like comparison. If you want to see the broader range, the Downtown & Fremont homes for sale page shows it.

No price cuts, and what that means for your offer

None of the homes for sale in Bonanza Villas East has reduced its asking price. In Downtown & Fremont as a whole, 34% of homes for sale have cut their asking price, and a typical listing has been on the market 62 days.

The comparison is worth keeping in proportion. A listing that has been up for 16 days has had little time to prompt a cut, and with every home at the same price there is no earlier price to measure from. So the absence of cuts is a fact about today's list, not a forecast of what sellers will accept.

For a buyer, the practical step is to compare the 13 listings on the details you can verify, and to ask us about each one before you decide how to offer. If you are weighing this against other parts of town, all Las Vegas homes for sale and every Las Vegas community are the places to widen the search.

If you are a seller here, the same figures apply in reverse. Your home would sit among 12 others with the same size and the same asking price, so how it is presented and what sets it apart matter more than the headline number.