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:
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