Coldwell Banker Premier Realty

July Closings Disappoint, Prices Rise Moderately,Supply Concerns

A snapshot of July figures
Posted by John McClelland on August 11, 2016 in  homes in las vegas  Las Vegas Residential  median home prices
After a solid mid-year performance, sales have declined as we move out of peak season. Escrow activity also points towards some softer sales in the following month. Listing inventory remains quite low and single family inventory is down nearly four percent. Despite this, pricing has not advanced substantially, perhaps indicating the burst of demand we from the late spring was seasonal and transitory. Meanwhile, most indicators of local fundamentals continue to improve with employment growth of 2.9 percent year-over... read more
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Looking at the history of Las Vegas Home Prices

fundamentals and findings
Posted by John McClelland on May 23, 2016 in  las vegas home prices  las vegas residential  price patterns
This series of small exhibits illustrates Las Vegas home prices using the repeat sale index from S&P Down Jones Case-Shiller. We examine some of the causal components which may have altered the price path at different times. note that in the year-over-year exhibit, the rate of price growth slowed in 2015 and flat prices are largely persistent today. Not all homes would have this same trajectory and price can vary substantially by highly localized supply and demand factors. For an estimate of what a specifi... read more
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