Get free access to our world class MLS search tools, save your favorite listings, create saved searches & much more!

August 2017 Las Vegas Market Report -- Important Stats and Trends

Posted by Mastura Zaini-Roberts on Wednesday, August 16th, 2017 at 8:39am.

 

Through July 2017, the Southern Nevada resale housing market continued to trend in a positive direction.


 

Prices edged up further (+10.2 percent), closing volumes jumped from the prior year (+10.8 percent) and effective availability remained limited (1.8 months).

 

 

The overall condominium/townhouse segment posted similar results with closings up 7.5 percent, median prices rising 20.0 percent and inventory reaching 1.1 months.

Importantly, foreclosure activity remains at a post-recession low with the number of notices of default, notices of trustee sale and trustee deeds falling substantially during the past couple of months. Improving economic and housing fundamentals are contributing to reduced foreclosure activity.

 

 

Information courtesy of SalesTraq

https://salestraq.com/resale_report/2017_07.pdf

 

 

Mastura Roberts
(702) 919-5400
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

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...

Credit Suisse Bullish on Las Vegas Housing

Credit Suisse just released their own graphic on the Las Vegas housing market, indicating higher real estate prices can be expected with the continuing low inventory. Credit Suisse also predicted an increase in new home sales....

LOST WIRE – INTERNET FRAUD IS REAL

A True Story from Debra Leatham> At a recent closing where I represented the Buyer, who lived in the San Diego area, he had to sign his escrow documents via a Signing Service chosen by the Title Company. After signing his documents mid-morning on a Monday, he took the wire instructions to his bank, Wells Fargo, ju...

Top 10 Las Vegas Hotel Pools

No swimming pool in your Las Vegas home? If you aren't fortunate enough to have a swimming pool in your Las Vegas home, you might want to consider booking into a hotel for the weekend to beat the heat. While most Vegas hotels have swimming pools, some are more impressive than others - here are some of our favorites: 1....

February is Best for Housing Bargains

Typically winter months have a higher number of housing bargains due to stressful weather conditions and lack of competition, with February coming out on top as the month with the most housing deals. In fact, a recent study by Attom Data Solutions looked at the sales of 50 million homes from 2000 through 2016 and...

Leave a Comment

Have a Question?

Contact Us

Follow Us