Real Estate home values accelerate in the Las Vegas valley. Las Vegas still has not fully recovered from the real estate market crash and still far below its peak they hit the record highs.
$246,700 is the estimated median home value in the Las Vegas area.
Real estate home values at $300,000 at the peak of the boom back in 2006, were worth less than half of that after the recession.
That same home is worth about $243,000 currently in the Clark County, Nevada real estate market.
We have had some nice home increases the last several years but we are about 30 percent away from historical real estate highs in the Las Vegas valley.
Real estate housing market was some of the most over priced properties in America during the free and easy money years before the real estate property crash.
Few United States cities were hit as hard by real estate home values after the Las Vegas crash.
Real Estate Home Values Accelerate
Las Vegas has some of the fastest rising home prices nationally in today’s market.
Las Vegas real estate market has not reached pre recession levels in pricing.
Real Estate Home Values Accelerate
Buying a home into today’s real estate market would be a great idea because home prices still have plenty of room to continue increasing.
The Vegas Raiders and the Vegas Golden Knights are helping to boost real estate home prices.
Will continue to increase because of professional sports teams entering our market.
New home builders are not selling as many homes as they did before the real estate crash.
Las Vegas home builders notched a big jump in sales last year and ended 2017 with another all time high in prices.
Previously owned single family homes which is the bulk of the Las Vegas real estate market remain well below their peak pricing levels.
Mortgage lenders are far off the number of mortgages they did in the mid 2000’s.
Las Vegas’ top 10 home builders by sales in 2017
- D.R. Horton: 1,222
- KB Home: 1,013
- Lennar Corp.: 1,007
- Richmond American Homes: 872
- American West Homes: 623
- CalAtlantic Homes: 614
- Pulte Homes/Del Webb: 602
- Century Communities: 519
- Pardee Homes: 482
- Woodside Homes: 384
Real Estate Home Values Accelerate
When buying or selling Las Vegas homes for sale.
Contact an experienced Realtor!
Bob and Diana
Robert Ratliff RE/MAX Reliance
702-508-8262
