Can you say HOT? Certainly the Las Vegas housing market is hotter than ever. According to the Las Vegas Realtors®, the September housing snapshot looks like this:
Single Family Homes
#Units Sold: 3,270
#New Listings: 3,851
#Units Available: 4,798
Median Price (Sold) $337,250
Median Price (Listed) $354,000
Effective Availability 1.5 months
Condominiums / Townhouses
#Units Sold: 726
#New Listings: 946
#Units Available: 1,525
Median Price (Sold) $195,500
Median Price (Listed) $204,445
Effective Availability 2.1 months
While sellers are celebrating a market bringing them their highest median price ever, buyers are also celebrating due to low, low interest rates and plenty of bargains to be found in the area. In fact 69% of all single family homes in Las Vegas sold in 30 days or less. With condominiums and townhouses, 61.7% of them sold in 30 days or less. Many of the areas of measured growth showed double digit increases year over year as can be seen in the illustrations below.
Selling or buying real estate is a major issue in most people’s lives. For most, it is the largest investment they will ever make. That means that this is definitely not something to be taken lightly. You always want to make informed decisions and you always want to make sure you are being served. For Superior Service, call Rocky Dickerson of Realty ONE Group at (702) 743-7625. In addition to the normal reports and paperwork, Rocky will provide you with a written plan of action detailing what will be done as well as periodic reports informing you of the exact status of your transaction. When you want real estate done right, call Rocky Dickerson today.
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