Wednesday, September 24, 2014

Las Vegas Real Estate Appreciation 2nd QTR

Hot off the press!!!

Las Vegas Real Estate 2nd QTR

The Lindstrom Group would like to share Las Vegas, and National Home Appreciation and Statistics, to keep you informed and educated on Real Estate News impacting your investment and future Real Estate goals.

NEW HOME STATISTICS for LAS VEGAS
Home Price $290,000 +8.7%
Average Price Per Square Foot $130.31 +12.1%
No. of Closings – Month 499 -19.0%
No. of Closings – Year-to-Date 2,729 -23.6%
No. of Closings – Last 12 Months 6,235 -10.6%
New Home Permits – Month 739 +21.9%
New Home Permits – Year-to-Date 3,346 -10.9%
New Home Permits – Last 12 Months 6,367 -5.4%
Active Subdivisions 170 +12.6%

EXISTING HOME STATS FOR LAS VEGAS

Average Sales per Subdivision 2.94 -28.0%
Median Home Price $167,000 +10.6%
Average Price Per Square Foot $111.27 +11.8%
No. of Closings – Month 3,958 -5.7%
No. of Closings – Year-to-Date 21,660 -10.5%
No. of Closings – Last 12 Months 45,020 -7.3%
Bank Repossessions – Month 115 -3.4%
Bank Repossessions – Year-to-Date 1,520 +32.2%
Bank Repossessions – Last 12 Months 2,886 +11.9%
MLS Listings (Available) 9,034 +57.1%
Effective MLS Inventory (in Months) 2.9 +74.5%

The graphic map below illustrates housing national price gains during the second quarter of 2014 in the United States.

Keep scrolling to see a chart depicting price gains over the last year.
Las Vegas Realtor Appreciation


The appreciation figures shown are derived from the Federal Housing Finance Administration (FHFA) All Transactions Data and compiled by and used with the permission of Estate of Mind, Inc., provided from lender Christopher Binney with Raintree Mortgage. 

Appreciation will vary from year to year, can decline, and for any individual property, can be more or less than the averages illustrated here. Information is deemed accurate but not warranted.

What might this ongoing appreciation mean for you?
  • More opportunity for owners considering a sale
  • More loans eligible for refinancing
  • Possible savings on mortgage insurance
  • Greater comfort for buyers
We hope you have found this information helpful. Please know we welcome your questions and are happy to help in any way we can.

Considering getting pre-qualified for a Home Loan?
Contact our preferred business affiliate:
Christopher BinneyRaintree Mortgage Services
Loan Officer
(702) 432-5626
chris@lvraintree.com
www.lvraintree.com
 
The Lindstrom Group of Keller Williams Realty Southwest is here to guide you in buying or selling a home in the Greater Las Vegas area, including great Master Planned Communities like Providence, Aliante, Summerlin, Mountains Edge, and Southern Highlands.

 We would love to earn the right to service all of your Real Estate needs. We look forward to working with you and becoming your Real Estate and Community expert.
If you, or someone you know is looking to invest, relocate, or buy or sale Real Estate in Las Vegas, Henderson, or North Las Vegas please contact us today.

We would be honored to earn the right to support your real estate dreams. We proudly work with Members of the US Armed Forces, distressed and standard property owners, as well as investors.
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Please contact us with any questions you may have.

We look forward to your comments and subscriptions to our Blog.

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, Henderson and North Las Vegas, NV

- See more at: http://lindstromandassociates.com/2014/09/24/las-vegas-real-estate-appreation-2nd-qtr/#sthash.iKtzmM2J.dpuf

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