Las Vegas Homes

Coldwell Banker Premier Realty

Las Vegas Monthly Market Update - August 2015


A Look into Las Vegas' Real Estate Market
Posted: August 24, 2015 by Jesse Olive

AUGUST 2015

Looking year-over-year, the number of single family escrows opened and homes closed have been more than respectable.  Closings are up nearly 20% year-over-year when measured in July and the year-to-date numbers are solid also.  Price increases have moderated and we believe this is a welcome pause after the consistency in vibrant price increases.  We have already experienced more price amplification than we expected back in January.  Pauses like these provide insight that we are unlikely to be a victim of momentum.  Rather, we are building off of fundamental demand forces instead of hot money flows like many coastal cities are experiencing.
SINGLE FAMILY
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CONDOMINIUM/TOWNHOME
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SOUTHERN NEVADA'S INDUSTRIAL DEVELOPMENT IS ON THE RISE

Our partners at Las Vegas Global Economic Alliance have wonderful news about the growth of the industrial and manufacturing sector in our great city.  This development will lead to more jobs and a higher demand for housing in the Las Vegas valley.  Check out their latest blog here!

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SINGLE FAMILY
DAYS ON MARKET
AVERAGE & MEDIAN (3 MONTH MOVING AVERAGE)
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CONDO | TOWNHOME
DAYS ON MARKET
AVERAGE & MEDIAN (3 MONTH MOVING AVERAGE)
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SINGLE FAMILY
SALE PRICE
AVERAGE & MEDIAN
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CONDO | TOWNHOME
SALE PRICE
AVERAGE & MEDIAN
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SINGE FAMILY
AVAILABLE & CLOSED 
INVENTORY
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CONDO | TOWNHOME
AVAILABLE & CLOSED 
INVENTORY
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