The Las Vegas Valley Real Estate Market
Home Values Steady Mid July 2013
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July 2013: Home Values Steady in Las Vegas Valley
Las Vegas Valley real estate home values remained steady the week of July 15, 2013. The Single Family Residence (SFR) graph presents a visual aid of the inventory from July 2009 - May 2013. Nevada Title reports the median home price as $169,999. This trend has been constant. The average days a house has been listed (DOM), in the real estate market, has been 149 days; the DOM for seller’s is longer than it was reported in June 2013.
Where was the Market Southern Nevada in 2006?
The Greater Las Vegas Association of Realtors (GLVAR) reported the median home price in 2006 was $315,000. The 2013 summer real estate market sales price is less than half of this figure. The GLVAR reported the Average Sold Price for a REO property at $195,717, a Short Sale property at $162, 934, a Classic property $254,198. A REO's DOM was 50 days, a Short Sale's DOM was 80 days, and a Classic DOM was 34 days.
Keep informed, contact Jill Paige at Jill Paige Homes (jillpaige@realtyexecutives.com and (702) 595-2922).
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