June 2016 Las Vegas Valley Real Estate Market Update

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    The Las Vegas Valley saw gains in all price points with huge gains in the total number of sales due to an increase in inventory since May. The luxury market and the ultra luxury market saw the largest gains in price per square foot, with the total number of sales doubling since last month.

    Under $250,000 Market Update
    • 48 Average Days on Market
    • 2,388 Total Sales
    • $169,801 Average List Price
    • $166,940 Average Sales Pric
    • $113 per Square Foot

    Click to view infographic.

    $250,000 – $500,000 Market Update
    • 58 Average Days on Market
    • 1,092 Total Sales
    • $338,249 Average List Price
    • $331,100 Average Sales Price
    • $139 per Square Foot

    Click to view infographic.

    $500,000 – $750,000 Market Update
    • 84 Average Days on Market
    • 102 Total Sales
    • $618,082 Average List Price
    • $600,246 Average Sales Price
    • $176 per Square Foot

    Click to view infographic.

    $750,000 – $1 Million Market Update
    • 74 Average Days on Market
    • 19 Total Sales
    • $924,613 Average List Price
    • $867,421 Average Sales Price
    • $229 per Square Foot

    Click to view infographic.

    $1 Million – $2 Million Market Update
    • 149 Average Days on Market
    • 23 Total Sales
    • $1,532,525 Average List Price
    • $1,448,329 Average Sales Price
    • $282 per Square Foot

    Click to view infographic.

    $2 Million and Up Market Update
    • 179 Average Days on Market
    • 9 Total Sales
    • $3,138,886 Average List Price
    • $2,983,889 Average Sales Price
    • $411 per Square Foot

    Click to view infographic.

    If this post didn’t answer all of your market questions, please let us know! Email marketingdirector@teamdrivenrealestate.com with even your toughest questions, and we will get them answered for you.

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