Las Vegans Are Buying More Expensive New Homes

Dated: 03/11/2016

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Here is a chart from Home Builders Research demonstrating Las Vegas's preferences in new homes.  Remember 2011 was the bottom of our real estate Apocalypse.

The biggest take-away is the decline in new homes priced under $200,00 from 2011 until now: 47 percent to three percent. Las year the most popular new homes were priced up to $100,000 higher.  Now buyers are writing contracts on homes over $400,000, something no one did back in 2011. And lookee here. Two percent purchased new homes $750,000 and up!

What does this mean? We are back! Our market has recovered and is actually healthy.

Q4 2015 LV Home

((hugs)) BETH Ellyn

The Las Vegas Real Estate Concierge

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Beth Ellyn Rosenthal

I like to be a pioneer.I I am the founding state broker for Nevada for eXp. I am agent 61 out of over 15,000 now. I was in the first class of women to graduate from Yale. I've had my real estate licen....

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