Home Prices Coming Down In Las Vegas

Home Prices Coming Down In Las Vegas

The number of housing units sold in January of 2014 was 2500 as opposed to May of 2013 when it was at 3800 units. From December of 2013 to January of 2014 we dropped by 400 units sold. Consequently when the number of units sold has dropped significantly the demand is down and prices go down. In fact the average price of a home went down from Dec. of 2013 at $170,000 to Jan. of 2014 at $164,500. As of today there are 8,692 Condos, Townhouses and Single Family Homes on the market. The good news is those facts makes if a perfect environment to purchase homes in Las Vegas and Henderson which now makes it a "Buyers Market". Terms and Purchase Prices become more negotiable under these circumstances. Now is the time to buy in Vegas. Feel free to call Al Barbagallo at Keller Williams Realty for advice at 702-502-1592.


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Phone: 702-526-2298
Dated: February 19th 2014
Views: 3,020
About Brenkus: Rick and Teri Have been top producers for over 30 years in the Las Vegas area and have been ranked i...

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