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

Las Vegas Real Estate - August, 2009 Market Statistics

Sales activity in the Las Vegas real estate market for August, 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:

7,531  (as of September 3, 2009) 

  • Single-Family:  5,316  (2.6 month supply*)
  • Condo:  1,682  (3.7 month supply)
  • Townhouse:  534  (2.7 month supply)

Total Contingent and Pending Sales:

9,408  (as of September 3, 2009)

  • Single-Family:  7,239
  • Condo:  1,614
  • Townhouse:  555

August, 2009 Sales:

  • Single-Family:  2,012  (Price range: $22,500 - $4,500,000)
  • Condo:  451  (Price range: $17,000 - $5,780,000)
  • Townhouse:  195  (Price range: $16,101 - $500,000)
Las Vegas Real Estate Sales
Sales per month            
  Mar Apr May Jun Jul Aug
Single Family 1920 1969 2037 2348 2281 2012
Condominium 352 407 431 522 471 451
Townhouse 134 167 159 197 188 195

Median Selling Price:

  • Single-Family:  $130,000
  • Condo:  $64,000
  • Townhouse:  $65,000
Las Vegas Real Estate Prices
Median price by month            
 

Mar

 Apr May Jun Jul Aug
Single Family $140,000 $130,000 $134,000 $132,000 $132,000 $130,000
Condominium $63,850 $57,100 $60,750 $62,500 $62,000 $64,000
Townhouse $73,950 $71,126 $70,000 $70,000 $72,500 $65,000

Average Days on Market:

  • Single-Family:  57
  • Condo:  51
  • Townhouse:  59

             
  Mar Apr May Jun Jul Aug
Single Family 70 66 65 66 61 57
Condominium 72 83 81 66 61 51
Townhouse 73 82 72 83 68 59

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

Previous reports:

     Las Vegas Real Estate - July, 2009 Market Statistics
     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 • September 03 2009 10:32PM

Comments

John, I love the detail of your charts.  I still have trouble making them. 

Posted by Debbie Aldrich Salt Lake City Realtor Salt Lake County, Cottonwood Heights (The Watts Group Real Estate ) over 2 years ago

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