February 2016 Statistics: Below are two different maps that appear to be very similar. The maps compare February 2014 vs February 2015. The maps are broken down by Las Vegas area zip codes and color coded to show boundaries based on areas of town. The difference is the first map shows home value appreciation for Single Family Homes Valued at $400,000.000 plus, while the second map shows Las Vegas Home value appreciation for Single Family Homes Valued less than $399,999.00. Different parts of town are appreciating at different rates and differently in different price ranges.
Is there a positive or negative number represented in your area of town? A positive number shows an increase. Keep in mind little change shows a very stable market. A negative percentage shows a decline year over year, but since real estate is a local market, and values have climbed in the past few years it’s somewhat normal to see some variation.
Underwater homes: The greater Las Vegas area has less than a 30% count of homes that are still underwater, much different than in years past and we still see a decreasing trend. There is a lot of pricing competition for new homes. The median home value in Las Vegas currently is $220,000.00 .
On Average, for single family resale homes, the price per square foot is $120.00.
Each home has it’s unique selling features and is valued based on specific comparable properties and upgrades. The Radcliffe Group is happy to do a free- no-obligation on site evaluation of your property to help you best understand you home’s value and marketability. It’s a great seller’s market and interest rates are low, so buyers are benefiting in this market as well. Demand for homes is high in the Summerlin area, with available inventory. Give us a call if we can help you get your home sold. 702-379-3401www.DaveRadcliffeVegas.com
Out of more than 10,000 real estate agents in the greater Las Vegas and Clark County area, Dave Radcliffe ranks among the Top 1% of Realtors® as number 101 during the second quarter of 2015. Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection.
As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home.
Written by Nickel Lowman
For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest