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You are here: Home / Around the State Weekly / Las Vegas Home Prices See 2.7 Percent Increase

Las Vegas Home Prices See 2.7 Percent Increase

April 10, 2014 By Ben Rowley Leave a Comment

Las Vegas home prices ticked up 2.7 percent in February – even as the valley saw fewer homes selling.

According to statistics released by the Greater Las Vegas Association of REALTORS (GLVAR), the median price of an existing single-family home sold in Southern Nevada during February was $190,000, up from $185,000 in January. Total existing homes, condos and townhomes sold in February was 2,518, down from 2,565 in January and 3,232 one year ago.

GLVAR President Heidi Kasama said the stability in prices “bodes well for a healthy housing market and the possibility of more stability heading into the spring and summer months.” She added, “At the same time, we’ve sold about 15 percent fewer homes so far in 2014 than we did during this same time last year.”

Kasama said GLVAR is monitoring the slowdown in short sales and mentioned “uncertainty in the market about whether or not Congress will vote at some point this year to extend the Mortgage Forgiveness Debt Relief Act that has been helping distressed homeowners in recent years.”

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Filed Under: Around the State Weekly Tagged With: 2010-1 CRE NV-Land, Aviation Law Department, Beltway 4.77, Bentley, BMW, Brad Estes, BRAINtrust Marketing+Communications, BREPAC Nevada, Brian Riffel, Cannes Lions, Canyon Cliffs, Casino Party Creations, Certificates of Waiver or Authorization, Chris Lane, Clio, Colliers International, Colliers International - Las Vegas, Colorado Cooler, CPV hybrid system, CVS Caremark Charitable Trust, CVS Caremark Corporation, Cynthia Holland, Dan Doherty, Dean Willmore, Delia Dominguez, Dive’n’Movie, Donan Engineering, Doug Launchbaugh, Dubai Lynx Awards, E.M.D. Investments Limited Partnership, Eileen Howard Boone, Eldorado Business Park, Eldorado Industrial Park, Energy Mechanical Insulation, Epica, Eric Molfetta, Federal Aviation Administration, Fitzgerald+CO of Atlanta, Florence Jameson, Genuine Parts Company, George A. Ross, Georgetown University Law Center, Government Affairs Department, Greater Las Vegas Association of Realtors (GLVAR), Greenwich Associates, Harrah's Strategic Group, Harris Simmons, Jaguar, Jerry Doty, Joe Tortomasi, Johannesburg, John Padalino, Jon Porter, Kaempfer Crowell, Kareen Yeung Landerville, Ken Schnitzer, Kennedy Wilson, Kirvin Doak Communications, Las Vegas banking, Las Vegas business, Las Vegas commercial real estate, Las Vegas law firms, Las Vegas real estate, Levi’s, Lexus, Ling Yu, Longford Medical Center, Lotus, Marc Lineveldt, Maserati, McLaren, Mercedes-Benz, Michael Stuart, Mishaun Estes, Moapa Travel Plaza, National Association of Community Health Centers, National Association of Free & Charitable Clinics, Neavda lawfirms, Nellis Industrial Park, Nevada Airports Association, Nevada banking, Nevada business, Nevada commercial real estate, Nevada commercial real state, Nevada law firms, Nevada real estate, Nevada State Bank, Northern Nevada Gaming Industry Association, Ogilvy, Park Place Dealerships, Park Place Infiniti Las Vegas, Porsche, Porter Gordon Silver, Randall Simmons, Red Rock Bay, Richard Launchbaugh, Rick Duncan, Robert L. Crowell, Robert Torres, Rolls-Royce, Saatchi & Saatchi, Samuel P. McMullen, Sandy King, Scott Gragson, SKG Advertising, Soitec Dual Axis CPV Trackers, Sony, Spencer Airport Center, Spencer Pinter, Stacy Scheer, Stephanie H. Allen, Steven E. Tackes, Stockbridge Funds, Stronghold Engineering Director Renewable Energy Development, Takuya Ohki, TBWA Hunt Lascaris Cape Town, The Art Directors Club of NY, The Coca-Cola Company, The Loeries, The McMullen Strategic Group, The Moapa Band of Paiutes Tribe, The One Show, University of Nevada Las Vegas, University of Nevada Reno, UNLV, unmanned aircraft systems, USDA Rural Utilities, USDA’s High Energy Cost Grant, VMSN, Volkswagen, Volunteers in Medicine of Southern Nevada, Volvo, West Coast Tradeshow Services, Wet‘n’Wild, Wet‘n’Wild Las Vegas, Y&R, Zeo Life Vitamin Supply, Zions Bancorporation

About Ben Rowley

Ben Rowley is the web editor of Nevada Business Magazine and owner of Nevada Central Media, LLC. Ben takes an integrated media approach to getting content right and read.
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