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Monday, March 24, 2014

Las Vegas Real Estate Market Update



There were a total of 2,400 Single Family, Condo and townhomes closed in the month February.

(Total number of transactions are down by 68 closed transactions from Jan 2014 to Feb 2014)

Resale: 74.5% or 1,787  (Resale is UP from 72.4% in Jan 2014)

Short Sales: 14.2% or 340  (Short Sales are DOWN from 16.9% or 418 in Jan 2014)

REO: 11.4% or 273  (REO is UP from 10.7% or 263 in Jan 2014)


1,119 Cash Purchases  (This is DOWN by 26 from 1,145 in January 2014)

684 Conventional Financing  (This is DOWN by 26 from 707 in Jan 2014)

406 FHA Financing  (This is DOWN by 20 from 426 in Jan 2014)

141 VA Financing  (This is UP by 2 in Jan 2014)


 

Contact The TurnerMac Group Today
Makea Turner-702-542-1883
Paul Macaluso-702-542-1993

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