Las Vegas - The Greater Las Vegas Association of Realtors reports home prices rose in February. Channel 8 reports
GLVAR says the median price of single-family homes sold in February was $150,000 - an increase of 24 percent from $121,000 one year ago. Condos/townhomes sold for a median price of $82,000 - 9.3 percent higher than January and up 36 percent from 2012.
"Local home prices have been going up for more than a year now. I know most homeowners and people in the real estate industry are glad to see this kind of appreciation," said 2013 GLVAR President Dave Tina in a statement. "But at the same time, we wish there were more homes available to sell to the steady stream of buyers who are looking for homes here."
While prices rose in January, sales fell. The number of existing homes, condominiums and townhomes sold in February was 3,232 - an increase from 2,821 in January, but a decrease from 3,794 total sales in February 2012.
banks are foreclosing on fewer homes than they were a few years ago, and homeowners in greater numbers are hanging on to their homes rather than selling them.
Author:Brenkus Buyer Phone: 702-752-0044 Dated: March 29th 2013 Views: 632 About Brenkus: ...
About Keller Williams Marketplace - Brenkus Realty Network
Rick and Teri Have been top producers for over 30 years in the Southern Nevada and have been ranked in the top 50 agents in the US by the Wall Street Journal out of over 1.3 million agents. They have sold over 7,000 homes in both stable and challenging markets. Their strategies and incredible systems to represent buyers and sellers can not be matched! Sellers enjoy netting top dollar in the least amount of time with their massive marketing and ability to stay ahead of the curve! This Top Producing Team has consistently been in the top 1% of agents Nationally for the last 30 years. They are national speakers and are highly sought after by many who want to get to the next level in their business. They also serve on Professional Standards at the Greater Las Vegas Association of Realtors and are Senior Faculty Instructors. Their list of credentials are endless!
Before you make any decision to Buy, Sell or Invest in Real Estate, be learning based and discover all the benefits, strategies and techniques Rick and Teri Brenkus offer to their clients..... You will be glad you did!!! 702-456-5959