We have a wonderful company here in Las Vegas called "Salestraq" which supplies local Realtors with quarterly market data summaries for both new homes sales and MLS resales. Below is the report for the first quarter of 2014, and we decided to post the report here so that you can see the price differential between new homes and resale homes, and the reasons why there can be such a difference.
Evaluating the Differences Between New and Resale Home Prices
Courtesy of Salestraq
THE BOTTOM LINE...Stability has been a recurring theme in the Las Vegas housing market over the better part of the past year. Through the first quarter of 2014, the supply-demand dynamics are more reflective of sustainability than those seen during either the boom-time…