March 2016 Las Vegas Real Estate Market Update

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    What a month! Economists continue to be optimistic for the 2016 housing market despite the uptick in interest rates. Since rental rates also continue to rise, more people will venture into home buying. This will give the market the additional push we’ve all been looking for! Find your market update for your price point below:

    Under $250,000 Market Update
    • 61 Average Days on Market
    • 1,756 Total Sales
    • 2,591 New Listings
    • $164,487 Average List Price
    • $161,383 Average Sales Price
    • $109 per Square Foot

    Click to view infographic.

    $250,000 – $500,000 Market Update
    • 67 Average Days on Market
    • 712 Total Sales
    • 1,369 New Listings
    • $330,671 Average List Price
    • $322,812 Average Sales Price
    • $134 per Square Foot

    Click to view infographic.

    $500,000 – $750,000 Market Update
    • 91 Average Days on Market
    • 66 Total Sales
    • 199 New Listings
    • $594,474 Average List Price
    • $569,161 Average Sales Price
    • $162 per Square Foot

    Click to view infographic.

    $750,000 – $1 Million Market Update
    • 120 Average Days on Market
    • 14 Total Sales
    • 78 New Listings
    • $882,757 Average List Price
    • $835,714 Average Sales Price
    • $202 per Square Foot

    Click to view infographic.

    $1 Million – $2 Million Market Update
    • 166 Average Days on Market
    • 11 Total Sales
    • 58 New Listings
    • $1,464,263 Average List Price
    • $1,348,636 Average Sales Price
    • $254 per Square Foot

    Click to view infographic.

    $2 Million and Up Market Update
    • 222 Average Days on Market
    • 9 Total Sales
    • 26 New Listings
    • $3,576,988 Average List Price
    • $3,142,472 Average Sales Price
    • $366 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. Click here to visit our Homepage and sign-up for our Monthly Newsletter. Receive this info conveniently in your Inbox along with other tools!

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