April Stats Prices Go Low And Sales Rise Quick Report

April Stats Prices Go Low And Sales Rise Quick Report

Las Vegas

Ah - another interesting statistic:

Slight dip in home prices  from March to April,  however sales rose slightly, according to the Greater Las Vegas Association of Realtors (GLVAR).

 2,615 homes sold last month, which is  an increase of 3 % from March.
Home sales were down 14.4 % from April 2013.

The median price of a home sold in April fell to $192,000. Thats a decrease of 1.5 % from March &  an increase of 15 % from April 2013.“

Seems we are see sawing a little bit.  So in essence .. we seem to leveling off a bit on prices... which if course has increased our sales.

We are still seeing multiple offer situations in certain areas and price ranges.  Cash is still king.. however on some bank owned properties they still lean towards owner occupied regardless of cash or loan.

We have more equity sales on the market... vs short sales or bank owned. 

All in all great market for both sellers and buyers right now.

Investors - they are still some good flips out there, some properties that have a good rental returns... we can still find them.

Contact us today if you would like a free evaluation on your home or if you are a buyer who needs to find one!!!!

Brenkus Team Headshot
Phone: 702-526-2298
Dated: May 13th 2014
Views: 13,638
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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