Las Vegas is a scary real estate
The year is about to end, but it is essential to understand, up to the end, what the real trend of real estate is worldwide Not being able to do a general analysis, as it would be full of exceptions, today we will focus on the amazing phenomenon that is characterizing Las Vegas. House prices are gradually increasing, creating a big impact in American real estate.
But how can we quantify this increase? How much does the level of desirability of a property increase or decrease by virtue of this increase?
Today we will find out together, giving a clear picture of the situation. We start from the assumption that real estate trends have remained similar throughout the year 2019. Which means that great interest was aroused by existing single-family homes, sold especially in the South. The average price was maintained in the last few months at 300,000 dollars (compared to 290,000 in the previous months). The gradual increase has caused a slowdown in sales volumes compared to recent years. The houses also remain, obviously, more time on the market but the availability of the offer is still limited in terms of variety.
Before the slowdown, the prices of houses limited to the Las Vegas area had soared, even starting in 2012. The profits generated had reached historic highs. The fund was touched when prices reached € 118,000, precisely in January of the same year. The total number of houses, townhouses and studios sold has been reached with a volume of 2946 volumes. Compared to last year, for homes, sales were increased by 5%, while condominiums by 4%.
The supply of local housing is below average, but remains afloat with a balanced rhythm. Sales difficulties, therefore, remain only in certain categories. So what are the highlights of the Las Vegas real estate?
First of all, the value of the traced transactions amounted to 880 million dollars for homes and more than 101 million for condominiums. Compared to last year, the value of total sales increased by 12% for homes and 2.5% for condominiums. Despite a slow pace, represented by the sixty days a property remains in a house, the trend is positive. The increase in prices has not discouraged potential buyers, who are still fascinated by the beauty and opportunities that Las Vegas can offer.
What is the prospect of real estate in the coming months of the new year? Giving a concrete answer is not simple. But we encourage you to stay updated on our portal, to receive all the news related not only to the Las Vegas real estate, but also worldwide. In addition to numerous tips to make your home more and more adherent to the new fashions of the real estate market!
But how can we quantify this increase? How much does the level of desirability of a property increase or decrease by virtue of this increase?
Today we will find out together, giving a clear picture of the situation. We start from the assumption that real estate trends have remained similar throughout the year 2019. Which means that great interest was aroused by existing single-family homes, sold especially in the South. The average price was maintained in the last few months at 300,000 dollars (compared to 290,000 in the previous months). The gradual increase has caused a slowdown in sales volumes compared to recent years. The houses also remain, obviously, more time on the market but the availability of the offer is still limited in terms of variety.
Before the slowdown, the prices of houses limited to the Las Vegas area had soared, even starting in 2012. The profits generated had reached historic highs. The fund was touched when prices reached € 118,000, precisely in January of the same year. The total number of houses, townhouses and studios sold has been reached with a volume of 2946 volumes. Compared to last year, for homes, sales were increased by 5%, while condominiums by 4%.
The supply of local housing is below average, but remains afloat with a balanced rhythm. Sales difficulties, therefore, remain only in certain categories. So what are the highlights of the Las Vegas real estate?
First of all, the value of the traced transactions amounted to 880 million dollars for homes and more than 101 million for condominiums. Compared to last year, the value of total sales increased by 12% for homes and 2.5% for condominiums. Despite a slow pace, represented by the sixty days a property remains in a house, the trend is positive. The increase in prices has not discouraged potential buyers, who are still fascinated by the beauty and opportunities that Las Vegas can offer.
What is the prospect of real estate in the coming months of the new year? Giving a concrete answer is not simple. But we encourage you to stay updated on our portal, to receive all the news related not only to the Las Vegas real estate, but also worldwide. In addition to numerous tips to make your home more and more adherent to the new fashions of the real estate market!
