North Las Vegas Real Estate Report - June 2011

The North Las Vegas real estate market experienced a strong increase in single-family sales in June. A total of 781 homes were sold in May compared to 693 in May. Year-over-year sales are up 1.7% from the 768 North Las Vegas homes sold in June 2010. The mix of available North Las Vegas homes for sale is 52.4% short sales, 24.4% bank owned, and 23.2% regular sales.

North Las Vegas home sales

 

The median selling price for single-family homes in North Las Vegas fell by $3,000 to $112,000. This is the first movement in price in 2011 after five consecutive months at $115,000.

North Las Vegas home prices

GLVAR deems information reliable but not guaranteed. Information is for MLS areas 101-103.


More about North Las Vegas:

North Las Vegas, Nevada - Demographics
North Las Vegas, Nevada - Fast Facts

 
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4 Comments on North Las Vegas Real Estate Report - June 2011

JUL
23
2011

John: Good information. I also read that Las Vegas is the best city to buy a rental property with high return on the investment although price may continue decline in the next couple of years. What do you think? 

Deborah

3:18am • #1
1,091,520 Points 201 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Hi John, That is great. I wish I could report the same here. Prices have inched up a tiny bit but overall the numbers are down and compared to last year these lower numbers are a bit more significant.

4:04am • #2
563,969 Points 17 Featured Posts Called Shot Master

John - good to see improving stats all over the country; the $3K drop does not seem that significant to me, but will depend on either a return to the $115K next month, or something similar.

6:09am • #3
1,055,630 Points 2 Featured Posts Called Shot Master

Great report...love the initial summary and you really drive home the facts with the comparison graphs!

8:52am • #4


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John Novak - Las Vegas and Henderson NV Real Estate

Las Vegas, NV

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Keller Williams Realty The Marketplace

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

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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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