Monday, September 01, 2014

GREATER LAS VEGAS REAL ESTATE REPORT

GREATER LAS VEGAS AREA
• Median home prices improved by 1.3% to
$202,578 from $200,000.
• The average home sales price rose by 0.2% to
$243,465 from $242,914.
• Home sales Down by 2.6% to 2,478 from 2,544.
• Total inventory* increased 1.3% to 16,439 from
16,225.
• Sales price vs. list price ratio dropped by 0.0% to
98.8% from 98.9%.
• The average days on market dropped by 0.9% to
58 from 58.
CONDOMINIUMS
Year-Over-Year
• Median condo prices increased by 18.0% yearover-
year to $108,000 from $91,500.
• The average condo sales price dropped by 13.7%
year-over-year to $136,693 from $158,466.
• Condo sales fell by 2.9% year-over-year to 640
from 659.
• Total inventory* rose 30.7% year-over-year to
4,507 from 3,449.
• Sales price vs. list price ratio fell by 2.9% yearover-
year to 97.5% from 100.4%.
• The average days on market rose by 42.5% yearover-
year to 66 from 46.
Compared To Last Month
Prices for single-family, re-sale homes went higher
again last month.
Pending sales and active listings were up sharply
again last month, year-over-year. Pending sales
rose 16.3%, while active listings jumped 17.3%.
Home sales continue to lag. Home sales have
been lower than the year before for the past ten
months and for 24 out of the past 26 months.
JULY MARKET STATISTICS
Year-Over-Year
• Median home prices increased by 12.5% year-overyear
to $202,578 from $180,000.
• The average home sales price rose by 9.3% yearover-
year to $243,465 from $222,672.
• Home sales fell by 11.4% year-over-year to 2,478
from 2,796.
• Total inventory* rose 20.2% year-over-year to
16,439 from 13,679.
• Sales price vs. list price ratio fell by 3% year-overyear
to 98.8% from 101.9%.
• The average days on market rose by 26.4% yearover-
year to 58 from 46.
Compared To Last Month Steve Harless| (702) 217-1680 | stevesellsvegas@gmail.com www.ViewLasVegasRealEstate.com
Vegas Market Continues to Improve

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