LV Home Prices Slip
Diana Heeb Bivona
According to the Greater Las Vegas Association of Realtors, LV home prices continued to drop in February to a median price of $309,000. This continues a drop in prices that began in December and that appear to have continued into the first quarter of 2006. It has also prompted some local housing analysts to revise their double-digit appreciation rates to single-digits only.
On a brighter note, condo and townhome sales are stronger than last year. The median price increased 9.1% to $196,450. Great news for condo and townhome owners.
For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.
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