LV Home Prices Under Record Peak Levels this has been helped by limited Las Vegas property inventory and strong demand.
While many local housing markets are at all-time highs with respect to home values, that is not the case with the LV home prices under record peak levels real estate market.
LV Home Prices Under Record Peak Levels Call 702-508-8262
LV Home Prices Under Record Peak Levels
Over the last few years Las Vegas home pricing has risen consistently to rank in the top nationally.
LV home prices under record peak levels and have not reached peaked pricing from the bubble years.
National Mutual Insurance Company estimates Clark County, Nevada is 30% off record peak levels.
This was the highest among the metro areas listed.
Four years of house price increases and we are still yet to recover completely from the housing market crash.
Las Vegas Poster Child for Real Estate on Steroids
Booming building construction with rapid escalating prices and flipping was a way of life in the early 2000’s.
Ground zero for the housing crash in 2007, we led the nation in real estate declines for the next few years.
Foreclosures and short sales with abandoned projects and rapid price declines.
2012 to 2013 home pricing started to flatten and then rise again. Investors dominated the Clark County, Nevada home market buying properties in bulk.
Real estate investors rented properties with healthy Return On Investment(ROI).
Prices started to climb more than 30% year-over-year.
Record Highs New Home Pricing
Clark County, Nevada has seen record pricing in new homes in the Clark County, NV valley.
New home builders are building a smaller volume yearly of homes vs. the pre-crash years in Las Vegas.
Record medium new home price of $356,400 in October.
Single family home resales dominate the Las Vegas Valley market but the medium home price is $261,000 which is more than doubled since the bottom in 2012 but still below the peak of $315,000 in mid 2006.
LV Home Prices Under Record Peak Levels Call 702-508-8262
When buying or selling Las Vegas homes for sale.
Contact an experienced Realtor!
Bob and Diana
Robert Ratliff RE/MAX Reliance
702-508-8262
LV Home Prices Under Record Peak Levels Call 702-508-8262
