Las Vegas Home Values Up 25% in 2013

hamilton-zanze January 11, 2014

Las Vegas ended 2013 with dramatic annual price jumps from a year earlier, with median single-family home values increasing nearly 25% to $185,000. The majority of the price gains were notched in the first half of 2013, while prices have averaged between $180,000 and $185,000 since July. In 2006, home values averaged $315,000 at their peak.

According to the Greater Las Vegas Association of Realtors, prices should stabilize in the coming year. “Local homeowners should be happy with the strong appreciation we have seen over the past two years,” commented Heidi Kasama, president of the association. “Like most housing experts, I expect to see more stable home prices in 2014.”