The Las Vegas Valley Market Report for Henderson Home Sales
shows an increase in Home Sales Prices from the 1st quarter to the 2nd
quarter of 2014. The average price sold increased from $257,200 to $261,157,
and the median increased from $217,983 to $220,500. The average sales price per
square foot increased 3.02% while the median price per square foot increased 4.07%.
The speed at which the rental houses closed (DOM – Days on Market) also
increased 13% on the average, and 32% on the median. The Shay Hasselmann Group
is always ready to help you with your home sales and buying needs at kate.shaylasvegashomes.com .
An Overview of Henderson Home Sales is shown here:
Number of Sales:
|
1st qtr. – 1266
|
2nd qtr. – 1687
|
|
|
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Average List Price:
|
1st qtr. – $263,579
|
2nd qtr. – $266,979
|
Average Sold Price:
|
1st qtr. – $257,200
|
2nd qtr. – $261,187
|
Average Sq Ft:
|
1st qtr. – 2,007 sq ft
|
2nd qtr. – 1,984 sq ft
|
Average Sold Price Sq Ft:
|
1st qtr. – $ 122.40
|
2nd qtr. – $ 126.10
|
Avg. Days on Market (DOM):
|
1st qtr. – 62 days
|
2nd qtr. – 54 days
|
|
|
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Median List Price:
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1st qtr. – $220,000
|
2nd qtr. – $225,000
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Median Sold Price:
|
1st qtr. – $217,983
|
2nd qtr. – $220,500
|
Median Sq Ft:
|
1st qtr. – 1,789 sq ft
|
2nd qtr. – 1,758 sq ft
|
Median Sold Price Sq Ft:
|
1st qtr. – $ 115.60
|
2nd qtr. – $ 120.30
|
Med. Days on Market (DOM):
|
1st qtr. – 37 days
|
2nd qtr. – 25 days
|
What is the difference between Average and Median and why
does this matter to the Las Vegas Rental market?
Average is the sum of the individual items divided by the
number of items. Median is the middle number.
For example, we have 7 houses with monthly rents at $1000,
$1000, $1500, $2000, $2000, $3000, $15,000.
When we add the rents together ($25,500) and divide by 7, we
get an Average rent of $3,642.86. The Median rent is the middle number of
$2,000.
As you can see, the reason it is important to know the
Average and the Median rent price is that a very low number or a very high
number in the group can offset the final number. In our example, we had a very
high number which made an 82% difference of $1642.86. So it is always good to
compare both numbers to get a real sense of what is going on in the market.
The Shay Hasselmann Group is a
team of real estate professionals who have collectively garnered top awards in
production and sales in the Keller Williams organization in the Southwest
Region. According to title companies’
data in Las Vegas, they are in the top 1.5% of production for Las Vegas Real
Estate agents. They are driven by a need to serve the Las Vegas, Summerlin, and
Henderson Real Estate community with excellence and professionalism, whether
selling, buying, or renting homes. Information and searches may be found at www.shaylasvegashomes.com
and www.lasvegashouserenters.com .
Shay Hasselmann Group
Las Vegas Real Estate Specialists
Las Vegas Rentals
Summerlin Real Estate Specialists
Summerlin Rentals
Henderson Real Estate Specialists
Henderson Rentals
www.shaylasvegashomes.com
www.lasvegashouserenters.com
702-706-7429
Keller Williams Realty Las Vegas
3090 S. Durango Dr. Suite 100, Las Vegas, NV 89117
Best Las Vegas Realtors
Las Vegas Rentals
Summerlin Real Estate Specialists
Summerlin Rentals
Henderson Real Estate Specialists
Henderson Rentals
www.shaylasvegashomes.com
www.lasvegashouserenters.com
702-706-7429
Keller Williams Realty Las Vegas
3090 S. Durango Dr. Suite 100, Las Vegas, NV 89117
Best Las Vegas Realtors
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