Las Vegas Real Estate Market Report March 2017

Jack Woodcock
Published on April 5, 2017

Las Vegas Real Estate Market Report March 2017

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Las Vegas Real Estate Market Report for March 2017, provided by The Jack Woodcock Group, Berkshire Hathaway HomeServices – Nevada Properties.

March 2017 Single Family Residential (SFR) closed sales were up 41.5% from February and 13.6% better than March 2016, making it the best March since 2012.  Year to date 2017 closed sales are now up 12.3% over 2016.  The median closed sales price of an SFR improved 0.83% to $242,000 while the average closed sales price of an SFR also increased by 2.7% to $284,173.  Residential resale activity was brisk in March leaving us with less than 3 months of inventory and less than 5900 available SFR listings.  All property types participated in the March gains.  Condos/Townhomes were up 24.3% over February, while Hi-Rise sales improved by 28.6% and Luxury Sales by 80%.

Greater Las Vegas Snapshot by Sale Type:

 

Thank you for reading our post, Las Vegas Real Estate Market Report March 2017. For more Las Vegas Real Estate buyer tips, information on homes for sale, or general Las Vegas real estate information please visit our website www.jackwoodcock.com or visit our Facebook page https://www.facebook.com/TheJackWoodcockGroup/

 

 

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Las Vegas Real Estate Market Report March 2017
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