New Home Closings

NEW HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $222,201 +8.7%
Average Price Per Square Foot $114.09 +15.9%
No. of Closings - Month 581 +67.0%
No. of Closings - Year-to-Date 1,590 +87.3%
No. of Closings - Last 12 Months 6,130 +58.6%
New Home Permits - Month 680 +32.3%
New Home Permits - Year-to-Date 1,742 +79.2%
New Home Permits - Last 12 Months 6,616 +70.3%
Active Subdivisions 153 -32.0%
Average Sales per Subdivision 3.80 +145.5%

Effective Inventory by Zip Code
March 2013

effective inventory zip code map

Existing Home Closings

EXISTING (RESALE) HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $138,151 +31.6%
Average Price Per Square Foot $90.42 +34.1%
No. of Closings - Month 3,862 -27.1%
No. of Closings - Year-to-Date 10,870 -22.6%
No. of Closings - Last 12 Months 49,375 -16.9%
Bank Repossessions - Month 205 -42.4%
Bank Repossessions - Year-to-Date 670 -66.4%
Bank Repossessions - Last 12 Months 3,077 -79.5%
MLS Listings (Available) 4,193 -28.9%
Effective MLS Inventory (in Months) 1.2 -42.6%

58%
of March Sales were CASH

51%
of March Sales were VACANT

  • 2012 Las Vegas Appreciation Map

  • 2011 Las Vegas Appreciation Map

  • 2010 Las Vegas Appreciation Map

  • 2009 Las Vegas Appreciation Map

  • 2008 Las Vegas Appreciation Map

  • 2007 Las Vegas Appreciation Map

  • 2006 Las Vegas Appreciation Map

  • 2005 Las Vegas Appreciation Map

  • 2004 Las Vegas Appreciation Map

  • 2003 Las Vegas Appreciation Map

Additional details available in the FastFacts Monthly Report

Closings are from the Las Vegas Valley only and do not include Laughlin, Mesquite, Boulder City, Bunkerville, Moapa, Mt. Charleston, Indian Springs, or Pahrump.