LAS VEGAS REAL ESTATE | HOMES FOR SALE IN LAS VEGAS | LAS VEGAS NEW HOME

Las Vegas real estate market update and Las Vegas homes sold for July 2008.  Las Vegas home sales in July increased to 2,592 units.  This is the most sold since almost three years ago, Sept. 2005.  The Greater Las Vegas Association of REALTORS reported 23,423 homes remained in inventory.

Due to the high amount of short sales and bank foreclosure homes, inventory has fallen 2.8 percent and reported sales in the mls almost doubled from the same time year to date.

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Las Vegas real estate market update and Las Vegas home sales for June 2008 mls figures show an increase in single family homes for the sixth straight month.  The Greater Las Vegas Association of REALTORS or GLVAR reported residential real estate inventory remaining stable.

The local housing market and economy has benefited from the 50.8 percent increase from year to date sales.  Homes sold in Las Vegas, NV equaled 2,226 units and up from May home sales of 2,026.

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Las Vegas real estate market update and home sales figures show single family homes sold median price show a gain for May 2008. The Greater Las Vegas Association of REALTORS or GLVAR reported Las Vegas residential real estate sales raised for a fifth month in a row.

The real estate market in the valley could be stabilizing according to sales data. For more than a year the local housing market has had some very tough challenges with the credit market and real estate valuation.

The Las Vegas mls showed a medium price of a single family home in May 2008 at $236,692 an increase of 0.3 percent from April. Year to date data showed a decline of 21.5 percent.

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MGM Mirage Project CityCenter Las Vegas adds an extra $1 billion to the cost of the mixed use development according to a filing. Previous cost of construction budget estimations was near $8.1 to $8.4 billion.

Nationwide skyrocketing construction costs has weighed very heavily on Las Vegas real estate market. This mega resort is owned 50 percent by Dubai World in a buyout they completed last year.

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Las Vegas real estate market update and home sales figures show existing single family and new Las Vegas home sales for the first time in 2.5 years, rose from the same month year to date. The Greater Las Vegas Association of REALTORS or GLVAR reported sales of townhomes, condos and homes for sale in Las Vegas, NV real estate for April 2008, fourth consecutive monthly increase.

Total real estate in Las Vegas transactions in the multiple listing service for April totalled more than $510 million in sales, or a 13.1 percent increase.

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Las Vegas homes sales and Las Vegas mls figures show a small decrease in total number of condos, townhomes and listed homes for sale in Southern Nevada for September, 2007. Some of the areas included in Southern Nevada real estate include, Henderson, Green Valley, MacDonald Highlands, Summerlin, North Las Vegas, downtown Las Vegas and Lake Las Vegas.

The Las Vegas real estate market statistics show a $285,750 median sale price of single family homes. This is a 4.7 percent decrease from August of $299,900. Year to date mls figures show a 7.8 percent decrease from 2006.

Continue reading Las Vegas Homes Sales Figures & Las Vegas MLS September Prices Drop