Las Vegas Luxury Properties Link

Highlights for July 2010:

The total number of SFR units sold in July 2010 was 2,948. This is a -12.3% change from June 2010 closings, or 412 fewer SFR units.

On a YTD basis, SFR units now total 20,316 units closed. This is a decrease over the same YTD period of 2009 which was 21,468 units (-5.7%), but is significantly higher than  both the 2007 and 2008 YTD SFR volumes of 10,152 and 12,197 SFR units sold, respectively.

The Average SFR Sold Price was $165,332 for July 2010 and still remains within the same narrow range that it has been at since mostly stabilizing in March 2009 (17 months). The record "average" high of $428,817 for SFR was in June of 2007 which was followed by significant monthly price drops until March 2009, and has continue to fluctuate by only a few thousand dollars since.

Total SFR dollar value of Sold SFR units for July was $487,399,987. This reflects a -13.6% change from June 2010, and -20.2% change from July of 2009.

 Total YTD dollar values for the Jan through July period on sold SFR units now stands at $3,419,430,032.

Available SFR inventory at the end of June was 10,126 units (those without offers). When the Contingent and Pending SFR units are added to this the inventory stands at 21,750, a 1.8% increase over June 2010 and a 6.5% increase against July of 2009.

If there is any additional information you would like to have on the Las Vegas Real Estate Market, please don't hesitate to ask.

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Felipe Crook Prudential

Americana Group Realtors

Las Vegas, NV 89117

1-866-589-1646