Las Vegas Home Sales Statistics
Las Vegas home sales statistics
continue to reflect the fact that Las Vegas is the fastest growing
city in our nation! The median price for a single family home
for the fourth quarter of 2003 was $ 187,400 which is a 14.1%
increase over the same quarter in 2002. Home sales volume for
the same period grew by 29.5% to 20,347 single family homes.
Unbelievably, Las
Vegas booming real estate market is getting even hotter!
New home permits for the first quarter in 2004 were up 58% to
9,149 over the first quarter of 2003. Las Vegas home sales statistics
also show that existing home sales for this same time period
were up 55% to 14,776.
Source: Homebuilders
Research Inc.
The following are some facts about Las
Vegas Home Sales Activity and Las Vegas Home Sales Statistics:
Las Vegas Existing Home Sales
2002 = 38,621
Las Vegas New Home Sales 2003 = 25,230 (new record)
Las Vegas New Home Sales 2002 = 22,502
Las Vegas New Home Permits = 22,050 (up 4% over 2001)
Ten-year growth of new home sales = 57.5%
Ten-year growth of existing home sales = 268.1%
New Home Median Price for 2003 = $ 209,611
New Home Median Price for 2002 = $ 186,827 (up 4.4% over 2001)
Existing Home Median price for 2002 = $ 157,000 (up 10.56%
over 2001)
*Top Southern Nevada
Homebuilder is KB Homes with 2,959 recorded home sales in
2002 = 13.09% market share KB Homes had 3,381 recorded Las
Vegas new home sales in 2003.
*Homebuilders with 5+ % of market share and over 1,000 recorded
home sales in 2002 are DR Horton, Richmond American, Pardee,
and Del Webb
Source: Home Builders
Research Inc
Affordable housing availability is a major
reason that over 7,000 individuals are relocating to Las Vegas
every month. Approximately one-third of those relocating to
Las Vegas are from California where housing prices are extremely
high in comparison to the Las Vegas home and real estate prices.
Please contact
us if you have questions about Las Vegas home sales statistics
or Las Vegas real estate activity or visit our Home Sales
Statistics Resource Links for further information.
And to receive a customized, free listing of available Las
Vegas homes and real estate, use our Las
Vegas Homes MLS Search for available existing Las Vegas
homes and use the Las
Vegas New Construction Search for available new Las Vegas
homes.
Home Sales Statistics Resource Links:
The
Southern Nevada Home Builders Association provides detailed
information about Southern Nevada home builders' activity and
about economic indicators for the region.
Homes
& Living magazine provides a monthly Las Vegas housing
guide.
Home
Builders Research, Inc. of Las Vegas provides home sales
statistics for the Las Vegas area including Clark County, Las
Vegas, Henderson, North Las Vegas, and Boulder City.
The Meyers
Group compiles current metro Las Vegas housing and homebuilding
data.
Southern
Nevada New Homes Guide is a monthly metro Las Vegas housing
guide.
Economic Development
Authority of western Nevada (EDAWN) has housing and demographic
information for northern and western Nevada. |
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Equal
Housing Opportunity