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

September 2017 Residential Resale and Foreclosure Report

Posted by Julie Wright on Sunday, October 22nd, 2017 at 6:26pm.

Single family median prices reached a new high of $265,000 in Southern Nevada during September 2017.

The latest price point reflects annual appreciation of 13.5 percent. Single family closings totaled 2,920 during the month, which was flat with last year, and effective availability stood at 1.9 months (down 27.0 percent).

The condo/townhouse market posted higher sales volumes and prices from a year ago, while inventory continued to decline.


Overall foreclosure activity has virtually halted in recent months as more homeowners achieve a positive equity position and overall fundamentals strengthen.

Resale housing market conditions are expected to remain relatively stable through the remainder of 2017.

 

 

Resale market information in this publication is sourced to the Greater Las Vegas Association of Realtors® based on transactions reported in the Multiple Listing Service (MLS). These exclude transactions that do not involve Realtors® or others not reported in the MLS.  Foreclosure information is sourced to Clark County Recorder's Office. Information contained herein has been obtained from various sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

 

 

 

 

 

 

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!"


Print

Related Blog Posts

New Construction of Las Vegas Homes

There is no denying that when you're house hunting, the allure of new construction in Las Vegas is undeniable. The Las Vegas Valley currently boasts dozens of builders with over 1079 floor plans to choose from. While the average price range runs in the mid $300Ks there are Las Vegas New Construction houses available...

7 reasons to list your home this holiday season

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are seven great reasons not to wait: 1. Relocation buyers are out there....

Las Vegas Housing Inventory Drops More in June

If you are wondering why there doesn't seem to be much for sale in Las Vegas anymore: as of June 29, 2012, only 3,785 single family homes listed in the Las Vegas MLS remain as active (not under contract) in Clark County. The current market breakdown looks like this: 492 homes priced under $100k - including 180 short...

Is B of A Finally "Getting It" on Short Sales?

Yes, it actually DOES look like Bank of America is finally getting their act together in the Las Vegas real estate market on short sales! We have seen a marked improvement in service and approval times over the past six months, and just recently B of A has rolled out two new changes to improve their image.The first big...

The 20% Mortgage Down Payment Is Dead

For first-time home buyers, the challenge of coming up with a 20% mortgage down payment is often difficult enough to keep them out of the market. But the fact is, the 20% down payment is all but dead — and has been for quite some time, especially for first-time buyers. Most buyers make down payments lower than 2...

Leave a Comment

Have a Question?

Contact Us

Follow Us