Summerlin zip code 89135 Real Estate Statistics #summerlin,#89135, #statistics Click here for the full report Real Estate Reports by John Brassner 89135 Stats At A Glance : Year-Over-Year Median home prices increased by 6.3% year-over-year to $346,500 from $326,000. The average home sales price dropped by 6% year-over-year to $490,680 […]
I admit it, I was wrong. I was more right than the other experts but I was still wrong. Back in January of 2012 I boldly stated that the year’s new home unit sales would rise an incredible 15% over 2011. Some experts said that was way over exhuberent; I thought it was […]
February, 2014. According to National Title of Nevada, 534 New Homes were sold in December, 2013 at a Median Sales Price of $300,469. Sales of existing homes was 3,453 units at a median sales price of only $160,000. Expect the price gap between new and existing to narrow as this […]
3/27/2014. According to the Las Vegas research firm Applied Analysis, Clark County is one of the fasting growing areas of the country. Further, employment is up as is consumer confidence.
In last Friday’s article at “The Real Deal,” http://therealdeal.com/blog/2012/06/22/are-too-low-appraisals-preventing-some-markets-from-recovering/, they ask if appraisers are “scared” to value homes at higher prices in hot markets like Las Vegas. My answer is “yes” in many cases. They are not reflecting the market conditions. In Las Vegas, most reasonable properties under $200k have multiple offers […]
The trend is continuing with increased demand and less supply. The result is multiple offers on any reasonably-priced property below $170k. List prices are also on a steep incline. Even with the increased competition for homes, buyers are still getting bargains compared to several years ago. The key is getting […]