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. 

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