Listed below are the current inventory and August, 2008 statistics for home sales in the Las Vegas Nevada real estate market. If you have any questions or need more information about real estate in Las Vegas, call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business!

Total Homes Available:

13,969  (as of September 4, 2008) 

  • Single-Family:  10,254  (6.9 month supply*)
  • Condo:  2,859  (13.7 month supply)
  • Townhouse:  856  (10.2 month supply)

Total Contingent and Pending Sales:

4,519  (as of September 4, 2008)

  • Single-Family:  3,829
  • Condo:  487
  • Townhouse:  203

 August, 2008 Sales:

  • Single-Family:  1,496  (Price range: $40,000 - $3,250,000)
  • Condo:  209  (Price range: $29,900 - $4,800,000)
  • Townhouse:  84  (Price range: $52,500 - $400,000)
Las Vegas Real Estate - 6 month Sales Trend
Sales per month
  Mar Apr May Jun Jul Aug
Single Family 854 1096 1221 1317 1591 1496
Condominium 91 101 147 158 192 209
Townhouse 64 66 67 72 84 84

 Median Selling Price:

  • Single-Family:  $205,000
  • Condo:  $110,000
  • Townhouse:  $144,000
Las Vegas Real Estate - 6 month Price Trend
Median price by month
  Mar Apr May Jun Jul Aug
Single Family $240,000 $230,000 $234,000 $224,900 $214,900 $205,000
Condominium $154,500 $133,000 $126,000 $121,000 $120,000 $110,000
Townhouse $182,250 $169,500 $160,000 $156,250 $160,000 $144,000

Average Days on Market:

  • Single-Family:  59
  • Condo:  73
  • Townhouse:  76

 
  Mar Apr May Jun Jul Aug
Single Family 82 75 71 74 64 59
Condominium 84 90 83 81 80 73
Townhouse 77 93 74 86 75 76

GLVAR deems information reliable but not guaranteed. Information is for MLS areas 201-505.
* - Supply = Homes Available/August Sales

 See also:
     Las Vegas real estate - July, 2008 market statistics
     Las Vegas real estate - June, 2008 market statistics
     Las Vegas real estate - May, 2008 market statistics
     Las Vegas real esate - April, 2008 market statistics

     Las Vegas real estate - March, 2008 market statistics
     Las Vegas real estate - February, 2008 market statistics
     Las Vegas real estate - January, 2008 market statistics

 
This post has been included in Nevada Real Estate News Clark County, NV Real Estate News Las Vegas, NV Real Estate News
Post is included in group: Market Reports
Post is included in group: Market Updates
Post is included in group: Posts to Localism

1 Comments on Las Vegas Real Estate - August, 2008 market statistics

SEP
05
2008
1,454,324 Points 46 Featured Posts Outside Blog Called Shot Master

I like the way you wrote the report. I am sure consumers will find it useful.
5:32am • #1


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Profilewmc Rainmaker_large

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®.

The Animal Rescue Site



Locations of visitors to this page


Real Estate Blogs - BlogCatalog Blog Directory Real Estate blogs
Real Time Web Analytics Clicky


Listings

Links

Archives

RSS 2.0 Feed for this blog