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Las Vegas Home Prices Up 14 Percent Over December 2016

Las Vegas Home Prices Up 14 Percent Over December 2016

The local Realtors group reports that Las Vegas home prices climbed 14 percent from December 2016 to 2017, even while fewer properties were available and on the market.

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The Greater Las Vegas Association of Realtors said 2017 was the third-best year ever for housing sales. Some 46,598 properties sold, up from 41,720 the year before. 2011 was the best year, when investors were buying homes in Las Vegas thanks to low prices thanks to the housing recession. 2009 was the next best year.

The median price for an existing single family detached house wound up at $267,900. Condos went up 26.5 percent to a median price of $143,000. That's all in a report from GLVAR.

GLVAR president Chris Bishop, a local Realtor, said, “Overall, I think most people would agree that 2017 was a pretty good year for our local housing market. Homeowners and sellers enjoyed strong appreciation, and homes were selling as fast as we’ve seen in recent memory."

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Phone: 602-316-6863
Dated: January 11th 2018
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About Hal: Hal DeKeyser first began to help families find their dream homes in 2005 and is licensed in real est...

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