las vegas residential real estate market: The Las Vegas Housing Market & the Commerical Sector - 01/14/13 11:32 AM
The Las Vegas residential real estate market has started 2013 by continuing to ride the momentum of 2012. Glossing over the fact that we are in an artificially inflated market, let’s sound the fanfare for the fact that the Greater Las Vegas Association of Realtors reported that the median sales price of bank-owned single-family homes in December 2012 was $140,000. That's up 33.5 percent from $104,900 a year earlier. The residential market is dominated by short sales, which accounted for a record 46 percent of sales in December, while foreclosures accounted for 10 percent. This article takes a look at some … (0 comments)

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