Greater Las Vegas Real Estate Market Overview

Posted by Mastura Zaini-Roberts on Monday, November 6th, 2017 at 9:51am.

October 2017 Single Family Residential (SFR) closed sales were up 1.6% from September and up 13.2% compared to October 2016.

Year to date 2017 closed sales are still up 9.8% over 2016.  

The median closed sales price of a SFR dipped to $263,000 while the average closed sales price of an SFR jumped to $313,032 for a modest 1.2% increase.  

Residential resale activity continues to be brisk – leaving us with approximately 1.8 months of inventory.  

Year-to-Date luxury sales closings are on the verge of surpassing both 2013 and 2015 results and are up nearly 42% over last year.

 

 

 

Mastura Roberts
(702) 710-3330
offers@greatlasvegashomes.com

Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052

With over 30 years of experience helping families call Las Vegas "home!"

Related Blog Posts

December 2017 Greater Las Vegas Real Estate Market Overview

October 2017 Single Family Residential (SFR) closed sales were down 12.8% from October and down 4.6% compared to November 2016. Year to date 2017 closed sales are still up nearly 9% over 2016. The median closed sales price of a SFR dipped to $261,400 while the average closed sales price of an SFR dropped to $312,465...

Clark County 3rd in nation for population gain

You might have noticed some unfamiliar faces around town recently. Clark County welcomed 46,375 new residents — an average of 127 per day — between July 1, 2015, and July 1, 2016, according to annual population estimates released Thursday by the U.S. Census Bureau. Only Maricopa County, Arizona, and Harri...

Is renting really cheaper than owning a home?

The responsibility of owning a home can be intimidating for people who’ve only rented in the past, but new data from Zillow suggests renting can actually cost more. Zillow’s analysis found out that sans increasing monthly housing costs, a typical renter can buy a home almost 50% more expensive than the med...

Median US home value at decade high but no bubble says Zillow

The median value of US homes has increased to $198,000 according to data from Zillow.The increase in April is 1% above the peak of 2007 ($196,600) and the year-over-year rise was 7.3% as tight inventory saw increased competition in many markets.However, comparing current conditions to a decade ago, Zillow’s chief...

Agents sell homes for more than FSBOs: study

Contradicting previous research, new study finds FSBOs sell at discount   Key Takeaways Agents tend to achieve higher sales prices for properties than comparable FSBO listings, enough to offset their commission fee, according to a recent analysis. Academic research has often cast dou...

Leave a Comment

Have a Question?

Contact Us

Follow Us