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Homes Sales Statistics - Las Vegas

Affordable housing is a major reason that over 6,000 people are moving to Las Vegas each month. Approximately one-third of those relocating to Las Vegas are from California where housing prices and real estate prices in general are extremely high in comparison to the Las Vegas home and real estate costs. Add to affordable homes and other real estate in Las Vegas the availability of relatively good-paying jobs and you have the formula that has created the fastest growing city in the nation!

Here are some quick facts about Las Vegas Home Sales/Real Estate Activity:

Median Price of a New Home - 2002
2002 $186,827
2001 $178,920
2000 $161,893
1999 $147,750
1998 $127,250
Home Sales Activity - 2002
New Home Sales 22,502 (down 1.9% from 2001)
New Home Permits 22,050 (up 4% over 2001)
Existing Homes Sales 38,621 (up 12.2% over 2001)
Average Price of a new home $222,206
Median Price of a new home $186,827
Median Price of a resale home $157,000
Number of active subdivisions 280
Average square footage of a new detached home 2,386
Average price per square foot of a new detached home $98.83
Average building lot size 5,500 square feet
Homebuilders with 5 or more closed sales 118
Please contact us if you have questions about Las Vegas home sales statistics or Las Vegas real estate activity or visit our Home Sales Statistics Resource Links for further information.

And to receive a customized, free Las Vegas property listing, use our FREE Las Vegas Homes MLS Search.

Home Builders Research, Inc. of Las Vegas provides home sales statistics for the Las Vegas area including Clark County, Las Vegas, Henderson, North Las Vegas, and Boulder City. www.homebuildersresearch.com

The Southern Nevada Home Builders Association provides detailed information about Southern Nevada home builders' activity and about economic indicators for the region. www.snhba.com

Homes & Living magazine provides a monthly Las Vegas housing guide.
www.newhomesandliving.com

The Meyers Group compiles current metro Las Vegas housing and homebuilding data. www.meyersgroup.com

Please contact us if you have questions about Las Vegas Homes or Las Vegas real estate. Also, to view all available existing or new Las Vegas Homes, use the Free Las Vegas Homes MLS Search.
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