(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-5WB8HLVL'); Las Vegas Median Home Price Surge 23.3% Year-Over-Year | Hamilton Zanze

Las Vegas Median Home Price Surge 23.3% Year-Over-Year

hamilton-zanze February 10, 2014

The median single-family home price in Las Vegas was $185,000 in January 2014—up 23.3% from January 2013. The median price for townhomes and condominiums also rose 23.3% to $92,500 over the same time period.

The numbers reflect a significant improvement in the Las Vegas housing market. Cash sales made up 46.3% of existing-home sales in January, indicating a return of investor activity in the market. Distress sales are a much smaller percentage of existing-home sales—in 2013, 62% of sales were traditional sales compared to only 37% traditional sales in 2012.

“For the most part, I think these stable prices are an indication of a fairly healthy housing market,” said Greater Las Vegas Association President Heidi Kasama.

Read more at Las Vegas Review Journal

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