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John Vanhara Las Vegas: Sold homes update report
January 2004, West part of Las Vegas,
909 single family homes were sold in January. Average list price was $302,884, average sold price was $297,111. Average days on the market was 32 days. DOM - means how many days it took to sell house.
February 2004, West part of Las Vegas,
1034 single family homes were sold in February. Average list price was $303,676, average sold price was $300,623. Average days on the market was 26 days. DOM - means how many days it took to sell house.
March 2004, West part of Las Vegas,
1439 single family homes were sold in March. Average list price was $319,827, average sold price was $317,134. Average days on the market was 19.8 days. DOM - means how many days it took to sell house.
April 2004, West part of Las Vegas,
1351 single family homes were sold in April. Average list price was $347,648, average sold price was $345,004. Average days on the market was 20 days. DOM - means how many days it took to sell house.
May 2004, West part of Las Vegas,
1147 single family homes were sold in May. Average list price was $358,777, average sold price was $356,854. Average days on the market was 16 days. DOM - means how many days it took to sell house.
June 2004, West part of Las Vegas,
1339 single family homes were sold in June. Average list price was $368,672, average sold price was $365,084. Average days on the market was 17.6 days. DOM - means how many days it took to sell house.
July 1st -14th, 2004, West part of Las Vegas,
Only 280 single family homes were sold in the first half of July. Average list price was $368,620, average sold price was $360,853. Average days on the market was 21 days. DOM - means how many days it took to sell house.
Are we at the top of the market? I think we are. I checked MLS and we had 7,853 homes for sale. It is about 500 homes more than five days ago. The number of sold of homes in the first half of July is very low. That means homes are not selling as fast as they did in previous times. The questions is how quickly we will see changes in listing prices. I believe that if you want to sell you have to start reducing prices sooner than later.
Do you want to find out value of your home? Do you want to sell for low 1.9% commission?
For more information on the units, contact MillionSaverHomes.com is local Las Vegas real estate broker at 702.212.3513.
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