These graphs show great information about the current strength of the Las Vegas real estate market going into December 2014. From November of 2013 to November of 2014 the median price of a home rose just over 10% in Las Vegas, Summerlin, Henderson, and North Las Vegas. It is also interesting to see the correlation that the average sale price was up just over 7% and the number of homes sold decreased by 7%.
Being involved in the market daily I see that many investors that were flipping properties have moved on to other cities. This has freed up the market to be more normal for traditional buyers to be able to buy without all the crazy cash offers. If you have any detailed questions about what else is happening in the Las Vegas real estate market please give us a call or email today.
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