The Las Vegas housing market continues turning up the heat along with Vegas temperatures. The most recent figures published by the Greater Las Vegas Association of Realtors were very encouraging for the once-struggling real estate market that is in the middle of a nice rebound.
“The local housing data keeps getting stronger month after month,” said Top Vegas Realtor Leslie Hoke
“The latest data shows prices held steady at $205,000 for the median priced home. Along with that, the number of homes sales increased markedly by 37.8% compared to February. Sales generally increase as we move into spring, but this large of an increase is the biggest we’ve seen since 2006. It’s very encouraging,” said Hoke.
While sales increased markedly, the number of short sales and bank-controlled sales continues to decline steadily month to month. This is yet another positive indicator that things are returning to normal, and investors are backing out of the Las Vegas market. For March, short sales represented 8.3% of transactions, down from 9.3 in February.
“I’m optimistic that the great month isn’t just an outlier. I’m hoping it’s the beginning of a trend that will continue. All signs are pointing that’s what is happening,” said Hoke
For more information about the latest Las Vegas real estate market trends and buy and sell Las Vegas home tips visit Leslie’s blog at http://www.lasvegashomesbyleslie.com/blog/
About Leslie Hoke
Leslie Hoke is a seasoned Las Vegas realtor with over 11 years of experience in selling and buying home in Las Vegas. After a successful tenure at the Disney Corporation, Leslie moved to Las Vegas to pursue her goal of a successful career in real estate.
Leslie has earned several industry awards and accolades including being named “Top Las Vegas Realtor” by RE/MAX four consecutive years (2011-2014). Ms. Hoke is a member of the Greater Las Vegas Association of Realtors and National Realtor Association with certifications in short selling, condominiums, and new construction. She is known for her excellent customer communication, savvy marketing strategies, and top-notch negotiation skills. As a long-time Las Vegas resident herself, Ms. Hoke provides a wealth of local market information to help her clients reach their real estate needs.
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RE/MAX Premier Realty Group
Las Vegas Homes By Leslie
8010 W Sahara Ave #150 Las Vegas, NV 89117