Las Vegas No 1 In Home Appreciation In The US

Las Vegas No 1 In Home Appreciation In The US

Zillow announced the Top 10 "Luckiest Markets" for home buyers. And Las Vegas was No. 1. Our homes priced jumped almost 75 percent in four years.


According to Zillow, if you purchased a Las Vegas home in January 2012, the lowest median purchase price was $114.600. The current value of that home at the end of January 2016 was $200,400, a 74.9 percent gain.


A caveat: It's that four year thing. Historically, the bottom of the Las Vegas Real Estate Apocalypse (my term) was December 2011, according to statistics from the Greater Las Vegas Association of Realtors.  Back in 2012, you could purchase a home from the price of the land and maybe one bathroom. The rest of the house was free. Really! 


The Realtor board reported that the median price for Las Vegas homes in 2006 (the top of the boom was in June) was $315,000. It fell to $118,000 in 2012.


Zillow started tracking the numbers for this list in January 2012 at the very bottom of our market.  So of course we got much of our lost equity back because the sales prices back there were unrealistic. The Wall Street hedge funds figured that out, remember?


Still, those of us who still have our homes will take it! And that's the real lesson in real estate: Prices ALWAYS go up, just not in a linear fashion. If you can hold on, you will do fine...eventually.

Red Rock Country Club



Here are the nine markets under us in price gains according to Zillow:


2. San Jose: 69.2 percent

3. San Francisco: 64.4 percent

4. Phoenix: 61.8 percent

5. Miami: 60.7 percent

6. Sacramento: 59.2 percent

7. Riverside: 58.8 percent

8. Detroit: 58.1 percent

9. Denver: 56.5 percent

10. Orlando: 51.4 percent


((hugs)) BETH Ellyn

The Las Vegas Real Estate Concierge

State Managing Broker Nevada

702.758.4318  Talk. Text. SMS. Video chat

beth.rosenthal@exprealty.com  Google Hangouts

@yale1974  Twitter

Las Vegas Propportunities  Facebook Business Page

Licensed in Nevada since 1996: I have previous

When competence AND creativity matter!




Beth Ellyn Rosenthal Headshot
Author:
Phone: 702-324-6911
Dated: March 21st 2016
Views: 101
About Beth Ellyn: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Why Mortgage Interest Rates Are Spiking And What It Means To YOU - This past week we had something not
Vegas Is Americas Most Popular Thanksgiving Location - Las Vegas is America's No. 1 vacatio
A Math Competition In Vegas REALLY - Las Vegas is known for a quirky, kin
Save That I Voted Sticker - Here's a great reward for this horri

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Las Vegas
6671 Las Vegas Boulevard South Suite D-210
Las Vegas, NV
702-830-7634