The Las Vegas Real Estate Market
If you are thinking of buying or selling Las Vegas real estate, it may be a good idea to keep this information to see how prices and availability are changing.
LAS VEGAS REAL ESTATE MARKET CONDITION REPORT - as of August 2005
SINGLE FAMILY RESIDENTIAL
AREA |
NUMBER |
SOLD |
DAYS |
DAYS |
DAYS |
#FAILED PER |
% |
MEDIAN |
MED |
MED |
NORTH |
1986 |
684 |
89 |
46 |
86 |
420 |
62% |
$345 |
$289 |
$285 |
EAST |
562 |
409 |
42 |
33 |
75 |
110 |
79% |
$285 |
$235 |
$231 |
SOUTH |
811 |
362 |
68 |
39 |
78 |
154 |
70% |
$360 |
$300 |
$296 |
NW |
2091 |
634 |
101 |
45 |
85 |
425 |
60% |
$390 |
$307 |
$303 |
SW |
2369 |
631 |
115 |
51 |
91 |
503 |
56% |
$439 |
$359 |
$350 |
HEND |
1921 |
569 |
103 |
48 |
87 |
397 |
59% |
$465 |
$360 |
$355 |
BO CITY |
61 |
16 |
119 |
58 |
101 |
8 |
66% |
$650 |
$437 |
$425 |
DAYS SUPPLY
|
2004 |
2005 |
SINGLE FAMILY |
96 |
90 |
CONDO |
52 |
53 |
OVERVIEW
|
SINGLE FAMILY |
CONDO |
NUMBER LISTED |
9801 |
1331 |
SOLD PER MONTH |
3303 |
763 |
DAYS SUPPLY |
90 |
53 |
FAILED PER MONTH |
2015 |
272 |
PERCENT SELLING |
63% |
74% |
AVG LIST PRICE OF ALL |
$401 |
$254 |
AVG LIST PRICE OF SOLDS |
$313 |
$195 |
AVG CLOSING PRICE |
$308 |
$192 |
AVG DAYS ON MARKET OF SOLDS |
45 DAYS |
36 DAYS |
AVG ESCROW TIME OF SOLDS |
40 DAYS |
41 DAYS |
TIME FROM LIST TO SOLD |
85 DAYS |
77 DAYS |
# OF SALES PENDING |
3052 |
757 |
# OF PROPERTIES IN CONTINGENT STATUS |
2149 |
498 |
TOTAL CLOSED YEAR TO DATE
CLOSED THIS YEAR |
27167 |
CLOSED LAST YEAR |
29294 |
CONDOS AND TOWNHOMES
AREA |
NUMBER |
SOLD |
DAYS |
DAYS |
DAYS |
#FAILED PER |
% |
MEDIAN |
MED |
MED |
NORTH |
60 |
35 |
52 |
43 |
82 |
33 |
51% |
$240 |
$200 |
$200 |
EAST |
85 |
93 |
28 |
25 |
70 |
19 |
83% |
$170 |
$145 |
$143 |
SOUTH |
288 |
136 |
65 |
33 |
75 |
45 |
75% |
$297 |
$188 |
$180 |
NW |
334 |
191 |
53 |
42 |
82 |
60 |
76% |
$245 |
$205 |
$203 |
SW |
305 |
168 |
55 |
33 |
74 |
63 |
73% |
$230 |
$190 |
$188 |
HEND |
245 |
135 |
56 |
42 |
81 |
50 |
73% |
$275 |
$225 |
$220 |
BO CITY |
14 |
5 |
79 |
41 |
82 |
0 |
94% |
$332 |
$289 |
$267 |
DATA COMPILED AND FORWARDED TO SEAN AND EMILY BY EQUITY TITLE OF LAS VEGAS
ON AUGUST 12, 2005
ALL INFORMATION BELIEVED TO BE ACCURATE BUT NOT GUARANTEED. RESALE MARKET ONLY
.MOSTNEW HOME, GOVERNMENT AND FOR SALE BY OWNER TRANSACTIONS EXCLUDED
REPORT INTENDED TO BE GENERALLY DESCRIPTIVE BUT NOT DEFINITIVE.
90 DAY REVIEW PERIOD..ALL PRICES IN THOUSAND