Las Vegas real estate market for Sept. 2013

RUMOR MILL

A look through the headlines over the month of September seems like a box of chocolates…here is what we mean.

THE GOOD

VEGAS VALLEY PRICES SOAR

English: A Picture of North Las Vegas (Photo credit: Wikipedia)

August Vegas Valley home values increased 2.8% over July and that 30% over August 2012. North Las Vegas was the specific area winner with a 37% increase over 2012 pricespushing median price to $137,500. Zilllow is expecting values to increase 11.3% by August 2014. The Sun Article is here

BLM Joshua Tree (Photo credit: ScottSchrantz)

Home Builders are seeing the highest selling month for the 2013 year. In August they sold 763 homes and are at a total for the year of 5027. Word on the street is that the finished lots from the collapse have been absorbed and they should slow down a bit while waiting, to read more see Tradewind Blog