The median sales price for Las Vegas condos and town-homes appreciated by 8%-10% last year
In this video, we take a look back at the Las Vegas real estate market for condos and townhomes in 2015 to show that the median sales price of Las Vegas condos and townhomes, excluding high-rise condos have increased by 8%-10%. We also provide an overview the market for 2016.
If you don’t like videos, please see video transcript of Las Vegas real estate market overview condo, townhomes 2016 here
We have shown that the median sales price of Las Vegas Valley condos and town-homes appreciated by about 8%-10% in 2015 and given the unusual market activity in December last year, barring surprises 2016 should be similar to past year.
Please find the graphs and charts that we used in Las Vegas real estate market 2016- condos and town-homes video below
Monthly median sales prices for Las Vegas condos and town homes, the number of sold units, the ratio of sales price over asking price and median days on the market, excluding Las Vegas high rise condos. You can horizontally scroll the tables to see all data
| Date | JAN | FEB | MAR | APR | MAY | JUNE | JULY | AUG | SEP | OCT | NOV | DEC |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLVAR Median sales price | $105 | $105 | $115 | $115 | $112 | $115 | $115 | $110 | $119 | $105 | $111.5 | $117 |
| Our Median sales price | $100 | $98 | $100 | $106 | $105 | $106.5 | $108 | $105 | $110 | $99 | $102 | $110 |
| Sold units | 389 | 433 | 559 | 556 | 554 | 579 | 565 | 554 | 508 | 527 | 432 | 537 |
| Sales price/asking list | 97% | 97% | 97% | 97% | 97% | 98% | 98% | 98% | 98% | 98% | 97% | 98% |
| Days on Market | 43 | 48 | 44 | 36 | 38 | 36 | 38 | 35 | 35 | 35 | 35 | 36 |
January 2015 GLVAR Las Vegas real estate housing market report
GLVAR reported the median price of local condominiums and townhomes sold in December was $105,000, down 5.8 percent from $111,450 in November, but up 9.4 percent from one year ago.
February-2015 GLVAR Las Vegas real estate housing market report
GLVAR reported the median price of all local condominiums and townhomes, including high-rise condos, sold in January was $105,000. That was unchanged from December, but up 10.5 percent from one year ago.
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