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Tagged : las vegas mls listings

Found 2 blog entries tagged as "las vegas mls listings".

Las Vegas home sales by month

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

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As of April 26th, only 4,594 single family homes remain listed in the Las Vegas MLS as active (not under contract) in Clark County. Our inventory is continuing to shrink as few, if any, bank foreclosures are reaching the market due to the restrictions of AB 284.

The sale of lower priced housing, in particular, is really active. This week one of our agents had an offer in on a home that had received over 70 offers within just a few days, most above list price!

The current market breakdown looks like this:

874 homes priced under $100k - including 361short sales and 225 foreclosures
1644 homes priced between $100k and $200k - including 664 short sales and 278 foreclosures
846 homes priced between $200k and $300k - including 262 short sales and 89

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