According to Zillow Las Vegas home values will rise slowly in 2013 to an average of 3.1% by the end of the year. In close comparison, Henderson and North Las Vegas are expected to increase by 3.2%. This is good news considering that last spring was an all time low for local homeowners.
The greatest increases are expected in Logandale at 4.6% and Mesquite at 4.4%. Even then, these increases in value are quite moderate compared to last year’s rise of 14% for median home values in the region. Much of that increase was contributed to investors as they took advantage of low priced housing for investments as rental properties or to “flip” them for a profit.
On the national scale homes are also expected to increase in value by 3.3% this year, also less of an improvement than the 6% average of 2012. Although these increases are somewhat moderate, any improvement is a good improvement for homeowners both locally and nationally.
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