Las Vegas, Henderson and North Las Vegas Real Estate: Las Vegas Real Estate - July, 2009 Market Statistics

Las Vegas Real Estate - July, 2009 Market Statistics

Sales activity in the Las Vegas real estate market for July, 2009 and current Las Vegas real estate inventory is summarized below. If you have any questions or need more information about real estate in Las Vegas, call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business!

Total Homes Available:

7,870  (as of August 5, 2009) 

  • Single-Family:  5,543  (2.4 month supply*)
  • Condo:  1,764  (3.7 month supply)
  • Townhouse:  563  (3.0 month supply)

Total Contingent and Pending Sales:

8,819  (as of August 5, 2009)

  • Single-Family:  6,802
  • Condo:  1,506
  • Townhouse:  511

June, 2009 Sales:

  • Single-Family:  2,281  (Price range: $8,500 - $2,500,000)
  • Condo:  471  (Price range: $15,040 - $2,500,000)
  • Townhouse:  188  (Price range: $15,000 - $347,500)
Las Vegas Real Estate Sales
Sales per month            
  Feb Mar Apr May Jun Jul
Single Family 1435 1920 1969 2037 2348 2281
Condominium 267 352 407 431 522 471
Townhouse 90 134 167 159 197 188

Median Selling Price:

  • Single-Family:  $132,000
  • Condo:  $62,000
  • Townhouse:  $72,500
Las Vegas Real Estate Prices
Median price by month            
 

Feb

 Mar Apr May Jun Jul
Single Family $149,000 $140,000 $130,000 $134,000 $132,000 $132,000
Condominium $69,900 $63,850 $57,100 $60,750 $62,500 $62,000
Townhouse $78,950 $73,950 $71,126 $70,000 $70,000 $72,500

Average Days on Market:

  • Single-Family:  61
  • Condo:  61
  • Townhouse:  68

             
  Feb Mar Apr May Jun Jul
Single Family 66 70 66 65 66 61
Condominium 70 72 83 81 66 61
Townhouse 68 73 82 72 83 68

GLVAR deems information reliable but not guaranteed. Information is for MLS areas 201-505.
* - Supply = Homes Available/July Sales

Previous reports:

     Las Vegas Real Estate - June, 2009 Market Statistics
     Las Vegas Real Estate - May, 2009 Market Statistics
     Las Vegas Real Estate - April, 2009 Market Statistics

1 comment • John Novak - Las Vegas and Henderson NV Real Estate • August 06 2009 02:06AM

Comments

Looks good.  A portent of things to come??? What do you think?

Posted by Jim Hale - On the MOVE for You! Eugene - Springfield Oregon Real Estate (ACTIONAGENTS.NET) almost 3 years ago

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