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Las Vegas Home Prices At Its Low

By
Real Estate Agent with Keller Williams Realty Las Vegas

Las Vegas home sales declined 2% from October to November. Condo prices have fallen 18% from prior month.  The medium sales price for single family home is $186,000 contributed by falling prices in the North and East. A total of 2,183 single family homes were sold in November just 258 shy of November 2005.  Call 702-212-2288 for information on how to generate positive cash flow  in a today's market.

SFR Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Medium Price
2004 $205,200 $220,000 $236,000 $252,500 $266,000 $280,000 $280,000 $280,000 $280,000 $284,000 $275,000 $275,000 $275,000
2005 $285,000 $286,000 $295,000 $297,000 $300,000 $300,000 $306,950 $309,000 $310,000 $308,000 $310,000 $312,500 $303,475
2006 $310,000 $309,000 $314,950 $310,000 $310,000 $315,000 $310,000 $312,000 $310,000 $310,000 $308,000 $306,100 $310,000
2007 $302,000 $310,000 $305,000 $305,000 $301,352 $305,000 $295,000 $299,900 $285,750 $274,725 $273,500 $260,000 $300,626
2008 $249,900 $246,500 $243,169 $235,875 $236,692 $225,000 $220,000 $210,000 $195,000 $190,000 $186,000   $225,000
                           
Condo Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Medium Price
2004 $118,000 $123,000 $128,350 $130,000 $157,500 $160,000 $168,500 $173,000 $174,999 $170,000 $168,000 $170,000 $164,000
2005 $180,000 $180,000 $182,000 $187,000 $186,000 $195,000 $195,000 $199,000 $199,700 $195,000 $201,000 $204,000 $195,000
2006 $196,299 $196,450 $205,000 $201,000 $202,000 $205,000 $201,500 $206,500 $200,000 $200,000 $199,950 $195,000 $200,500
2007 $204,450 $204,000 $199,900 $202,000 $189,999 $194,250 $195,000 $190,000 $175,000 $173,000 $180,000 $185,000 $192,125
2008 $162,000 $150,000 $163,000 $155,000 $139,450 $137,500 $135,000 $123,000 $119,450 $109,575 $90,750   $137,500