Las Vegas Real Estate: Market Report Q2, 2018

Jack Woodcock
Published on October 12, 2018

Las Vegas Real Estate: Market Report Q2, 2018

The data is in on the Las Vegas Real Estate market for the second quarter of 2018 and the numbers are impressive.  

Las Vegas Real Estate New Housing Trends

New and Existing Homes Sold the last 12 months, 54,600.

Median Price New and Existing Homes the last 12 months, $267,100.

Single Family and Multi-Family Permits the last 12 months, 10,351 and 3,497

New Home Permits, Q2 2017: 4,274

                                     Q2 2018: 6,106  an increase of 30%

New Home Closings, Q2 2017: 4,156

                                      Q2 2018: 5,156  an increase of 19.4%

Median New Home Price, June 2017: $332,931

                                               June 2018: $389,393  an increase of 14.5%

Las Vegas Real Estate Top Builders by Closing (last 12 months)

  1. Lennar
  2. DR Horton
  3. KB Home
  4. Richmond American Homes
  5. Pulte/Del Webb
  6. Century Communities
  7. Pardee Homes
  8. American West

Las Vegas Real Estate ReSale Statistics

Monthly Closed Sales for June 2017: 3,556

Monthly Closed Sales for June 2018: 3,265  a decrease of 8.9%

Median Sales Price for June 2017: $253,170

Median Sales Price for June 2018: $290,000  an increase of 12.7%

Monthly New Listings for June 2017: 3,927

Monthly New Listings for June 2018: 3,892  a decrease of .9%

Total Dollar Volume Sold for June 2017: $1,056M

Total Dollar Volume Sold for June 2018: $1,103M  an increase of 4.3%

Thank you for reading our post, Las Vegas Real Estate: Market Report Q2, 2018. For more Las Vegas real estate market news, information on homes for sale, or general real estate information please visit our website www.jackwoodcock.com or visit our Facebook page https:www.facebook.com/TheJackWoodcockGroup/

The Jack Woodcock Group, selling Las Vegas Real Estate since 1974!

Las Vegas Real Estate: Market Report Q2, 2018
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