Las Vegas Real Estate in July: Sales Increased 15% YoY

This is a key distressed market to follow since Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported GLVAR reports local home sales, prices continue to climb steadily from last year According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in July was 3,815, up from 3,314 one year ago . Compared to July 2014, 20.4 percent more homes, but 5.5 percent fewer condos and townhomes, sold this July. ... For more than two years, GLVAR has been reporting fewer distressed......(read more)

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