Home Prices Continued to Increase in Las Vegas Area
Home prices in Las Vegas, Henderson, and Summerlin continue to increase from an average sale price of $163,219 in the 4th quarter of 2012 to $208,287 in the 4th quarter of 2013, which is 27.9% increase. Short sales closings have decreased in 2013 by 69.1%.
During the fourth quarter of 2013 home sales were down. November had the lowest amount of residential resale closings in 5 years. There were 10,193 closings in the 4th quarter of 2012 and 8,047 in the fourth quarter of 2012, which is a difference of 21.1% decrease.
Price Comparison for Single Family Homes, Townhouses, and Condominiums in Las Vegas, North Las Vegas, and Henderson
| Month | 2012 | 2013 | % Increse |
|---|---|---|---|
| January | $129,622 | $170,885 | 31.8% |
| February | $133,767 | $173,209 | 29.5% |
| March | $136,579 | $180,270 | 32.0% |
| April | $143,208 | $189,243 | 32.1% |
| May | $145,964 | $190,809 | 30.7% |
| June | $150,552 | $200,459 | 33.1% |
| July | $153,852 | $199,995 | 43.3% |
| August | $160,761 | $201,426 | 37.2% |
| September | $156,587 | $204,546 | 42.8% |
| October | $158,316 | $211,127 | 33.4% |
| November | $165,161 | $204,921 | 24.1% |
| December | $166,180 | $208,815 | 25.7% |
Home prices in Las Vegas, Henderson, and Summerlin continue to increase from an average sale price of $163,219 in the 4th quarter of 2012 to $208,287 in the 4th quarter of 2013, which is 27.9% increase.