Monday, March 31, 2014

Las Vegas Real Estate Market Stats 1st QTR 2014

Las Vegas Real Estate Market Stats 1st QTR 2014

By
Real Estate Agent with Keller Williams Realty Southwest RED# S.0169534

 

Las Vegas Real Estate Stats
With the onset of spring weather  lots of questions come to our Team, The Lindstrom Group about Las Vegas Real Estate Market Trends.


Our Month in Review provided by Fidelity National Title  shows:
There were 13,624 SFR units available in February and 6,316 of those units did NOT have offers.
The average list price of those SFR units without offers is $392,795.
There were 3,071 new SFR listings in February and 2,008 SFR sold – that is down 2.9% from last month and down 23.9% from February 2013.
The average sales price for SFR sold is $225,014, which is up 0.9% from last month and up 18.9% from February of last year.
Check out the Existing Home Closing By Type and  Price
Las Vegas Real Estate
The median sales price for homes in Las Vegas NV for Dec 13 to Mar 14 was $166,000.
This represents an increase of 0.6%, or $1,000, compared to the prior quarter and an increase of 12.2% compared to the prior year.
Sales prices have appreciated 10.7% over the last 5 years in Las Vegas.
The average listing price for Las Vegas homes for sale on Trulia was $348,720 for the week ending Mar 19, which represents a decline of 1.4%, or $4,958, compared to the prior week and an increase of 6.2%, or $20,360, compared to the week ending Feb 26.
Average price per square foot for Las Vegas NV was $111, an increase of 20.7% compared to the same period last year.

If you or someone you know has questions about the Las Vegas, Henderson or North Las Vegas Real Estate Market please contact The Lindstrom Group, of Keller Williams Realty Southwest in Las Vegas.
We would be honored to earn the right to be your Real Estate and Community Expert.

Lindstrom Group 
Keller Williams Realty Southwest 
6180 Brent Thurman Way, Suite 200  | Las Vegas, NV | 89148 
Office 702-540-1327 | Fax 702-988-8795 
Servicing Las Vegas, NV & Los Angeles, CA
- See more at: http://lindstromandassociates.com/2014/03/31/las-vegas-real-estate-market-stats-2014/#sthash.oETP1sOP.dpuf

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