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Through October of 2009, there have been a total of 8,805 homes sold in southwest Las Vegas. This area is roughly everything west of the I-15 freeway and south of Charleston Boulevard. The median sale was a 3-bedroom, 1743 square foot home with a selling price of $154,000.

Here's a quick look at price, volume and financing trends in the southwest Las Vegas real estate market.

Southwest Las Vegas Real Estate Prices


Southwest Las Vegas Real Estate Sales


Southwest Las Vegas Real Estate Financing 


To find out more about buying or selling real estate in southwest Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 501-505.)

 
This post has been included in Nevada Real Estate News Clark County, NV Real Estate News Las Vegas, NV Real Estate News
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Post is included in group: Market Updates
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5 Comments on Southwest Las Vegas Real Estate Trends

NOV
08
2009
716,289 Points 69 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Looks like the market is just starting to recover and/or stabalize.

Vegas got hit pretty hard from what I understand.
12:12am • #1
104,263 Points

Who, those are some numbers and a lot of cash buyers.  I hope all is well John.  Take care!!
12:12am • #2
1 Featured Post

John, it is good to hear that there has possibly been some bottoming action in the market.  I know you all were hit hard the last few years.
12:21am • #3
1,215,723 Points 44 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Ralph - I'll agree with stabilize, but don't expect to be talking about recovery until spring 2010 at the earliest.

Debbie - We're seeing a lot of activity from cash investors. I'd like to see a little more balance with regular and first-time buyers.

Guy - The last few months have established a bottom, but I'm not sure if we still have one more step down. We may start to see a little appreciation in the first half of 2010.
12:52am • #4
1,033,824 Points 46 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

John  I think the entire country would be ecstatic if they saw numbers like that with the exception of cash buyers
4:05pm • #5

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John Novak - Las Vegas and Henderson NV Real Estate

Las Vegas, NV

More about me…

Keller Williams Realty The Marketplace

Address: 2230 Corporate Circle, Suite 250, Henderson, NV, 89074

Office Phone: (702) 939-0000

Cell Phone: (702) 339-9700

Email Me

News, statistics, and observations about the residential real estate market in southern Nevada, and my experiences and thoughts about being a REALTOR®.

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