Las Vegas Market Stats from January to March 2018
The spring home sellers market has taken off with a vengeance in Las Vegas. The average price for single-family homes has increased by 18% in the first quarter. Townhomes and condos have increased an average of 27.4%! In both cases listings are selling for an average 98.9% of the asking price.
The only downside to these encouraging stats is the supply. At the end of March there was just over 1 months of inventory on hand. This is great for sellers who are getting a quick turnaround for their properties. But there are a lot of buyers out there who would appreciate a bit more selection when they're shopping for a home.
Top Selling Las Vegas Neighborhoods
Here are some of the top selling neighborhoods in Las Vegas, for single-family home sales.
|Neighborhood||# of 1st Quarter Sales||Average Selling Price|
|Sun City Summerlin||113||$333,061|
|Iron Mountain Ranch||29||$300,400|
If you've considered selling your home, the current SELLER's market could not be better. Don't hesitate to contact Leslie for more information, or call (702) 321-1763.
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By Leslie Hoke
Las Vegas Homes By Leslie
8010 W Sahara Ave #150, Las Vegas, NV 89117
Direct: (702) 321-1763 Fax: (702) 224-2146
Premier Realty Group