The Current Las Vegas Market Single family residential (SFR) closings for July 2013 are nearly dead even with last month and last year. Meanwhile, YTD closings continue to lag last year by 10.3%. The SFR median closed sales price rose another 2.9% during July and is now $180,000. However, the average closed sales price of … More Las Vegas Market Update – August 2013
Is the Housing Recession Over? Fletcher Wilcox poses this question in his most recent Wilcox Report Update. In the end you will have to decide for yourself, but the update provides detailed charts along with a variety of resources to search for more information. Meanwhile, Phoenix continues to lead Las Vegas on the road to recovery by … More Phoenix / Scottsdale Market Update – August 2013
Are We Over the Housing Bubble Yet? My previous post offered charts and an analysis that dispels the notion that Las Vegas is experiencing another housing bubble. The chart below offers an additional perspective on the notion of a bubble by looking circumspectly at appreciation rates. Most would consider a 4% per year market value … More Las Vegas and Phoenix Market Updates – July 2013
The Las Vegas Bubble Machine We are beginning to again hear a great deal about the Las Vegas market being back in a bubble. Some fear we are doomed to experience inflated market valuations and prices simply because Las Vegas has managed to make a healthy rebound this past eighteen months. It’s certainly true that … More Are Phoenix and Las Vegas in Danger of Another Housing Bubble?
It’s Hot Again – Are You Drinking Enough Water? So how much water should I drink every day? It’s not what you think – it’s not the 8 glasses per day. One the low end: take your weight in pounds and divide by 2. That’s how many ounces we should drinking in a normal climate. … More Las Vegas Market Update – June 2013
The Current Las Vegas Market Single family residential (SFR) closings for April 2013 are up 3% last month, but YTD closings gained enough that total closed units only lag last year by 18%. SFR median closing prices rose 3.7% this month with the median closing prices of an SFR now at $167,000. Both the SFR … More Las Vegas Market Update – May 2013
The Current Las Vegas Market Single family residential (SFR) closings for March 2013 are up 12% last month, but YTD first quarter 2013 closed units lag the first quarter 2012 by 18%. SFR closing prices rose 7.3% this month with the median closing prices of an SFR now at $161,000. Hubble Smith recently reported in … More Las Vegas Market Update – April 2013
The Current Las Vegas Market Single family residential (SFR) closings for February 2013 are down 13.6% from one year ago, but up 15.6% from January. SFR closing prices remained level this month with the median closing prices of an SFR at $150,000. Click Here to Download the Current Market Update Click Here for Additional Market … More Las Vegas Market Update – March 2013
The Current Las Vegas Market Single family residential (SFR) closings for January 201 are down 22% from one year ago, but closing prices continue to increase. SFR closings were down 6.4% in 2012 compared to 2011. This was offset by a 24% increase in the median sales price of an SFR as 2012. Please watch … More Las Vegas Market Update – February 2013
The Current Las Vegas Market Single family residential (SFR) closings for December 2012 were up 11% from November 2012. However, SFR closings were down 6.4% in 2012 compared to 2011. This was offset by a 24% increase in the median sales price of an SFR as 2012 ended the year with a median closed sales price … More Las Vegas Market Update – January 2013
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