Based on new statistics by the Greater Las Vegas Association of Realtors (GLVAR), sales of local homes, condominiums and townhomes jumped significantly in August, approaching an all-time record for existing home sales in a single month.
According to GLVAR, the total number of local homes, condominiums and townhomes sold in August was 4,693. That’s up from 4,037 total sales in July and up from 3,638 total sales one year ago. Within that total, single-family home sales during August increased by 31.5 percent, while sales of condos and townhomes increased by 20.5 percent when compared to August of 2010.
Total housing sales in August were just nine sales short of the record set in June of 2009, when GLVAR reported 4,702 total sales. The 987 local condos and townhomes sold in August are a record for a single month. And the 3,706 single-family homes sold last month trail only June (3,785) and July (3,738) of 2009 among the best single-family home sales months on record.
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