Listed below are the current inventory and October, 2007 statistics for home sales in the Las Vegas, Nevada real estate market:
Total Homes Available:
17,321 (as of November 7)- Single-Family: 12,832 (21.0 month supply*)
- Condo: 3,332 (31.7 month supply)
- Townhouse: 1,157 (25.2 month supply)
October, 2007 Sales:
- Single-Family: 611 (Price range: $73,000 - $5,700,000)
- Condo: 105 (Price range: $59,500 - $3,650,000)
- Townhouse: 46 (Price range: $85,000 - $475,000)
| May | Jun | Jul | Aug | Sep | Oct | |
| Single Family | 957 | 890 | 799 | 782 | 610 | 611 |
| Condominium | 176 | 162 | 145 | 138 | 105 | 105 |
| Townhouse | 102 | 96 | 91 | 88 | 61 | 46 |
Median Selling Price:
- Single-Family: $270,000
- Condo: $152,000
- Townhouse: $187,250
| May | Jun | Jul | Aug | Sep | Oct | |
| Single Family | $301,704 | $299,450 | $290,000 | $296,338 | $280,000 | $270,000 |
| Condominium | $173,000 | $170,000 | $176,500 | $172,250 | $163,000 | $152,000 |
| Townhouse | $193,950 | $210,500 | $214,000 | $207,500 | $185,900 | $187,250 |
Average Days on Market:
- Single-Family: 78
- Condo: 99
- Townhouse: 81
| May | Jun | Jul | Aug | Sep | Oct | |
| Single Family | 77 | 70 | 71 | 72 | 77 | 78 |
| Condominium | 83 | 92 | 88 | 97 | 100 | 99 |
| Townhouse | 64 | 77 | 70 | 71 | 127 | 81 |
GLVAR deems information reliable but not guaranteed. Information is for MLS areas 201-505.
* - Supply = Homes Available/October Sales
If you have any questions or need more information about real estate in Las Vegas, Nevada call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business!
Neighborhood reports - 3rd quarter, 2007:
Blue Diamond Ranch
Blue Diamond Springs
Breamoor Heights
Concordia at Deer Springs
Concordia at Lone Mountain West
El Capitan Ranch
Elkhorn Springs
Los Prados
Maryland Pebble
Nevada Trails
Silverado Hills
Silverado Trails
See also:
Las Vegas real estate - September, 2007 market statistics
Las Vegas real estate - August, 2007 market statistics
Las Vegas real estate - July, 2007 market statistics
Las Vegas real estate - June, 2007 market statistics
Las Vegas real estate - May, 2007 market statistics
Las Vegas real estate - April, 2007 market statistics
