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2013 Real Estate Market Update summary for Las Vegas, Henderson, Summerlin, and North Las Vegas

2013 Real Estate Market Update summary for Las Vegas, Henderson, Summerlin, and North Las Vegas

GLVAR reports home prices rose in December, up 24 percent in 2013
Southern Nevada home prices finished 2013 on a positive note, with the median price of resale homes up 24% from the same time the year before, according to statistics released today by the Greater Las Vegas Association of REALTORS® (GLVAR).
 
The median price of a resale single-family home sold in the Las Vegas Metro area during December 2013 was $185,000, up 1.1 percent from $183,000 in November and up 24.2 percent from December 2012, when the median price was $149,000. Meanwhile, the median price of existing condominiums and townhomes in Las Vegas sold in December was $96,000, down 3.0 percent from $99,000 in November, but up 26.3 percent from $76,000 one year ago.
 
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