Las Vegas Homes

Las Vegas Homes Set National Records in 2004

The National Association of Realtors, found annual quarter-to-quarter gains in some markets hitting unprecedented levels in a survey, released September 2004 by the economics department. Las Vegas was at the Top of the list with a median resale price of $269,900 during the second quarter of 2004. That is a astounding 52.4 percent higher than the median price of $177,100 for a Las Vegas home during the same quarter of 2003. The 52.4 percent increase is the largest annual gain ever recorded by the NAR survey, which began in 1982.

NAR chief economist David Lereah said the Las Vegas metropolitan area had barely a 1.7 month supply of homes on the market during the second quarter, compared with an average 4.2 month supply for the nation as a whole. A serious shortage of inventory appears to have led to Las Vegas homes record-setting price jumps.

Home Prices Reduced

With the "Real Estate Bubble" bursting in 2006, Las Vegas home prices have reduced dramatically with the median home price currently at $125,000. This is lower than the 2004 levels.

With the prices at historic lows investors are buying up homes at an increasing pace. This will cause prices to start to stabilize and begin to rise.

Timing is Everything

This could be your time to by a Las Vegas home. With the market signaling the price bottom has been reached and historic low interest rates you can own a part of the most exciting city in the world with a near perfect year round climate.

It is doubtful you will have an opportunity like this again so contact us while this unique window of opportunity exists.

Las Vegas offers many types of homes to choose from. In order to help you find homes for sale in Las Vegas, The Apigo All Pro Team with Realty One has equipped this Las Vegas real estate website with an easy to use Las Vegas homes search engine.

So if you are serious about investing in Las Vegas real estate, call us today. We are serious and committed Las Vegas Realtors that are truly the Las Vegas Homes Experts!

 

Realty ONE Group Las Vegas - The Apigo All Pro Team
2831 St. Rose Parkway, Suite 100 - Henderson, NV 89052 - Direct: (702) 505-2125