The Greater Las Vegas Association of Realtors (GLVAR) reported on Thursday that Southern Nevada home sales increased in August despite the local housing supply continued to remain tight, making for a strong "sellers market" with multiple offers on the same property, a common scenario frequently frustrating buyers who don't have an experienced agent representing them.
GLVAR also reported the median price of existing single-family homes sold during August was $235,000, higher by almost 7% percent from one year ago !
GLVAR said the median price of local condominiums and townhomes sold in August was higher by 4.5 percent from $110,000 last year at this time.
According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in August was 3,789, up from 3,454 total sales in August of 2015. Compared to the same month one year ago, 8.7 percent more homes, and 14.7 percent more condos and townhomes sold in August.
So far in 2016, Vegas valley home sales are outpacing sales in 2015, when GLVAR reported 38,578 single-family home, condominium, townhome and high-rise condo sales.
The Tonnesen Team at Berkshire Hathaway Home Services is always ready, willing and able to assist you in buying or selling all types of real estate in Las Vegas, Henderson, Summerlin, and all areas of the Las Vegas valley....please email or call us anytime so our team of over 30 Realtors can help make sure your home-buying or home-selling experience is fast, painless, and successful !
Berkshire Hathaway Home Services Nevada Properties
3185 St. Rose Parkway
Henderson, NV. 89052
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
7508 Bush Garden Ave,Las Vegas, NV 89129 5 beds 3 baths 2,896 sqft $410,000 Elevated patio overlooks 40-foot pool w/ Jacuzzi. Huge granite kitchen with 7 1/2-ft-long island and sep. breakfast area. Sep. dining rm. Formal living rm. Open concept family room off kitchen. Custom shutters. 3-car garage. Solar...
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...
There are so many home insurance companies out there that choosing the right one can be a challenge for most people. That’s because most of them offer almost the same services, but differ on details such as prices and the level of coverage. To help you out, here are 5 tips to choosing the right home insuranc...
Spring is upon us, and families all across the country are once again gearing up to make a move at the end of the school year. For those relocating from out of state, it can be hard to determine which schools are the BEST Las Vegas schools for their kids from a such a distance. Fortunately, the Clark County School Dis...
Most real estate investors follow the latest fads when determining what they will buy. They usually focus on short term gains rather than the overall big picture, and tend to buy in environments of economic euphoria rather than environments of economic doom and gloom. They go with the herd mentality. Warren Buffet’s...