The portion of homes sold to investors and others paying cash was at record levels, creating especially robust sales in the sub-$100,000 market. That helped push the median sale price down to a nearly 15-year low of $118,000, a real estate information service reported.
A total of 3,669 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area (Clark County) last month – the highest for a January since 2007. Last month’s sales tally was down 20.8% from December but up 9.9% from a year earlier, according to MDA DataQuick. The San Diego firm tracks real estate trends nationally via public property records.
On average, the region’s sales have fallen 24.2% between December and January since 1994, when DataQuick’s complete Las Vegas region statistics begin.
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.
If you have a gay real estate story that you’d like to share with us, contact us at email@example.com