May 2016 Las Vegas Real Estate Market Update

     

    las vegas valleyLas Vegas homeowners experienced an increase in price per square foot in all price categories last month.  This is tremendous news, but Las Vegas inventory is still below the bar.  We have more buyers in our market than we do sellers.  If you’re considering placing your home on the market, please click here.

    Under $250,000 Market Update
    • 53 Average Days on Market
    • 2,375 Total Sales
    • 2,785 New Listings
    • $166,976 Average List Price
    • $169,759 Average Sales Price
    • $119 per Square Foot

    Click to view infographic.

    $250,000 – $500,000 Market Update
    • 57 Average Days on Market
    • 952 Total Sales
    • 1625 New Listings
    • $329,983 Average List Price
    • $324,801 Average Sales Price
    • $138 per Square Foot

    Click to view infographic.

    $500,000 – $750,000 Market Update
    • 87 Average Days on Market
    • 85 Total Sales
    • 216 New Listings
    • $602,031 Average List Price
    • $579,097 Average Sales Price
    • $173 per Square Foot

    Click to view infographic.

    $750,000 – $1 Million Market Update
    • 71 Average Days on Market
    • 14 Total Sales
    • 70 New Listings
    • $879,954 Average List Price
    • $838,570 Average Sales Price
    • $219 per Square Foot

    Click to view infographic.

    $1 Million – $2 Million Market Update
    • 89 Average Days on Market
    • 18 Total Sales
    • 81 New Listings
    • $1,284,244 Average List Price
    • $1,198,550 Average Sales Price
    • $266 per Square Foot

    Click to view infographic.

    $2 Million and Up Market Update
    • 201 Average Days on Market
    • 4 Total Sales
    • 34 New Listings
    • $2,662,475 Average List Price
    • $2,481,250 Average Sales Price
    • $341 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 sign-up for our Monthly Newsletter. Receive this info conveniently in your Inbox along with other tools!

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