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Las Vegas Market Trends Feb 2007

By
Real Estate Agent with Realty ONE Group

Clients, Friends & Colleagues,

Las Vegas currently has just about 1.9 million people as of end of year 2006.  The job market remains strong with the casino industry and the construction going strong.  An average of 8000 people a month move here.  Numbers reflect an average of 100,000 people per year since 1995.

*Median NEW Home Price is approx $328k

*Median EXISTING Home Price is approx $283k

Number of new home building permits being issued has been declining since February 2006 enabling the market to make it's correction.

The Las Vegas Real Estate Market has experienced a correction but is still strong.  Now is the time that buyers can experience amazing bargains with the surplus in inventory.  This surplus is not expected to last.

Please contact me for more detailed information.  I look forward to hearing from you!

Christin Griffin, REALTOR®

Cell: 702-353-5161 

3090 S. Durango Dr, Ste 100

Las Vegas, NV 89117 

 

 

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To Our Continued Success,
Christin Griffin, Short Sale Queen
REALTOR® & Certified Short Sale Professional, CDPE

~Creating RAVING FANS through excellent Customer Service. Your Real Estate Professional For Life~