Las Vegas Real Estate 2006
2006 proved to be a great year for Las Vegas real estate, contrary to the media “hype.” Singel Family Homes average price increased to $344,500, as compared to $324,200 in 2005. Condominiums average sales price increased to $225,700, as compared to $210,000 in 2005. The market is considered to be stable during the first quarter of 2007, with good balance of supply and demand. Developers are pulling fewer building permits, which increases the value of resale properties, while standing inventory of new homes is being absorbed by home buyers. For a list of new homes or resale properties, contact Las Vegas Properties at 1-888-876-8383.
Posted: February 23rd, 2007 under Las Vegas Income Properties, Las Vegas Investment Properties, Las Vegas NV Real Estate.
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