Wednesday, April 30, 2014

LAS VEGAS REAL ESTATE QUARTERLY REPORT - 2014

LAS VEGAS REAL ESTATE REPORT

During the first quarter of 2014, home prices continued to increase each month by an average of 17.9% over the first quarter of 2013. 

During the same time period:

Resale closings have increased from 4,828 to 5,843. 

Closed properties have dropped by an average of 14.4%. 

Bank owned property sales have decreased from 1,034 to 855.

Short sale closings have decreased from 3,328 to 1,149.

Cash transactions has decreased from 5,294 to 3,536.

Bank owned sales are down 17.3%, resale closing are up 21.0% and short sales are down 65.5%.

Labels: