Las Vegas Real Estate in August: Sales Increased 11% 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 Moving on up: GLVAR reports local home sales, prices up from same time last year According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in August was 3,454, up from 3,120 one year ago . Compared to August 2014, 11.2 percent more homes and 8.3 percent more condos and townhomes sold this August. Through Aug. 31, GLVAR reported a total of 26,225 sales so far in......(read more)

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