Single Family Home Prices Up In Las Vegas Up 75 Percent

Single Family Home Prices Up In Las Vegas Up 75 Percent

February was a good month for Las Vegas homeowners.  Prices on single family homes moved up 7.5 percent from home prices in February 2015, according to the Greater Las Vegas Association of Realtors.

Statistics from the Multiple Listing Service show that the median prices of listed single-family homes was $220,350. A year before the number was $205,000. Coincidentally, the number of single family homes sold was also up 7.5 percent.

February is generally a slow month for real estate sales. Hopefully those numbers are a harbinger of good things to come!

These numbers underscore my belief that real estate prices always go up...but just not linearly.  Those of us who held one are finally rewarded! Yep, the house I bought 13 days before Lehman Brothers went under in 2008 lost $150,000 in value two months later. But I had to live somewhere.... Now I am enjoying the rebound.

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((hugs)) BETH Ellyn

The Las Vegas Real Estate Concierge

State Managing Broker, Nevada

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MS: Columbia

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Beth Ellyn Rosenthal Headshot
Phone: 702-324-6911
Dated: March 22nd 2016
Views: 131
About Beth Ellyn: ...

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