Las Vegas Homes Real Estate Market Report for April, 2011

Las Vegas Homes Real Estate Market Report for April, 2011

View the entire Las Vegas Market Condition Report for April, 2011. The Las Vegas real estate report for single family homes indicates that median closing prices for home sales fell $900 in March. The current median sale price for a Vegas home is $127,000. March saw 3,189 homes close escrow. Bank owned homes led the way with 1,507 homes sold, short sales had 739 sales, and standard homes had a total of 889 sales. At this time 54% of the properties are closing escrow. The Vegas housing market report reveals that March 2011 has a greater demand than at the same time in 2010 with 79 more properties that have sold and closed escrow. There is also a notable difference in the median sales price as well. At this time last year the median close price was $137,000 whereas today the closing price is $127,000. The difference in home sales prices is a significant $10,000. The Vegas real estate report indicates...
Read More
March 2011…Market Condition Report

March 2011…Market Condition Report

View the entire...March 2011 Las Vegas Market Condition Report: The Las Vegas real estate report for single family homes indicates that median closing prices for home sales jumped $1,900 in February. The current median sale price for a Vegas home is $127,900. February saw 2,425 homes close escrow. Bank owned homes led the way with 1,199 homes sold, short sales had 634 sales, and standard homes had a total of 592 sales. At this time 52% of the properties are closing esrow. The Vegas housing market in February 2011 has a greater demand than at the same time in 2010 with 78 more properties that have sold and closed escrow. There is also a notable difference in the median sales price as well. At this time last year the median close price was $135,888 whereas today the closing price is $127,900. The difference in home prices is a significant $7,988. The Vegas real estate news indicates that the market bottom...
Read More
Las Vegas Real Estate…February 2011 Market Condition Report

Las Vegas Real Estate…February 2011 Market Condition Report

View the entire Market Condition Report. In January 2010 the median closing price for a home sold in Las Vegas, NV was $135,000. In January 2011 the median closing price has fallen to $126,000, a drop of $9,000 in house prices. The market bottom in terms of price is currently undefined, however prices are continually to fall at a faster pace than in previous months. The price declines are due to sellers dropping their asking prices.The current supply is stable and demand is somewhat flat at this time. However, there is an rise in the number of homes having offers accepted and going into escrow. At this time it is anticipated that Short Sales will begin to see a larger share of the closings. According to the Las Vegas home market report January 2011 had 2,357 homes sales. Foreclosures led the way with 49% of the sales following by short sales with 29%, and standard sales with 24%. The Vegas property report...
Read More