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North Las Vegas Real Estate Trends

By John Novak

Real Estate Agent with Keller Williams Realty The Marketplace NV License # 56750

December 06, 2009 05:29 PM

Through November of 2009, there have been a total of 8,381 homes sold in North Las Vegas. This area is north of Charleston Boulevard, east of Rancho Road, and west of the I-15 freeway, and includes most of the city of North Las Vegas. The median sale was a 3-bedroom, 1841 square foot home with a selling price of $130,000.

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

North Las Vegas Real Estate Prices

North Las Vegas Real Estate Sales

North Las Vegas Real Estate Financing

To find out more about buying or selling real estate in North 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 101-103.)

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Lenn Harley

Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA

Real Estate Broker - Virginia & Maryland

I am amazed at the number of cash sales in your area, if I am reading the colors correctly.

I just checked and Fairfax County, VA reported 12% cash sales for contracts closed in October 2009.

It appears that the investment buyers are still out there in your area, but ours is fairly low compared to yours.

Dec 06, 2009 08:50 PM

Ann Cummings

RE/MAX Shoreline - NH and Maine - Portsmouth, NH

Portsmouth NH Real Estate Preferrable Agent

Hi John - I love the graphs and chart you used to show the activity going on in your area. That helps those of us who are more visually oriented. ;-)

Ann

Dec 06, 2009 09:24 PM

Karen Kruschka

RE/MAX Executives - Woodbridge, VA

- "My Experience Isn't Expensive - It's PRICELESS"

John The really good news as I read it is that prices are levelling

Dec 06, 2009 09:47 PM

John Novak

Keller Williams Realty The Marketplace - Las Vegas, NV

Henderson, Las Vegas and Summerlin Real Estate

Lenn - North Las Vegas actually has the least cash sales of the six major parts of our valley. The other five range from 34% to 52%.

Ann - Sometimes I'll use tables, other times charts. I'll probably tweak the reports a little for 2010.

Karen - It's nice to see prices level off since the steep drop of the last 12-18 months. What I'm not sure of yet is if this is a true bottom or we have one more step to go.

Dec 07, 2009 04:00 PM

Myrl Jeffcoat

Sacramento, CA

Greater Sacramento Realtor - Retired

John - It is encouraging to see that prices have remained fairly steady these last several months. At least the leveling off is reason to hope that most of the bleeding is over.

Dec 08, 2009 01:01 PM

Myrl - Each day that prices remain steady does give us just a little more hope that the worst may be behind us.

Dec 08, 2009 03:42 PM

North Las Vegas Real Estate Trends

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