Hello Friends and family!
It has been a while since I last reported, but I’m baaack with very exciting news regarding our Las Vegas market courtesy of my Broker at Prudential Americana group, Forrest Barbee. Feel free to call me with any questions or concerns.
Las Vegas Market Update for May
Single family residential (SFR) closings for April were down 9%from March but 4.5% better than April 2010. The median sales price of an SFR dipped further to $125,000. Yet, the average closed sales price increased slightly from last month. Homes in the South, Northwest, and Summerlin enjoyed noticeable higher average closing prices than in March. Overall inventory continues to slowly shrink; however, available REO inventory reached the 3000 level. Meanwhile Classic Closings have gained momentum even as REO and Short Sale Closings continue to decline!
Again, keep in mind that based on the 2010 Census—Nevada will gain a fourth Congressional seat. To keep up with Reapportionment & Redistricting or the current Legislative Session, please visit: http://www.leg.state.nv.us/.
As always, feel free to contact me with any questions or concerns.
Deirdre Bergeron
REALTOR®
deirdreb@americanagrp.com
www.deirdrebergeron.com
702-275-7667
