Las Vegas Home Prices End 2012 Up 24 Percent

Las Vegas Home Prices had a strong finish to 2012 as it posted one of the best sales year ever.

The median price of Las Vegas Valley single-family homes sold in December was $149,000, up 24 percent from a year earlier, according to a new report from the Greater Las Vegas Association of Realtors. You can check out informative short videos about the Las Vegas Residential real estate market here.

Last month, here were 3,624 total sales. down 15 percent from a year ago.

2011 is the top sales year so far with 48,186 sales followed by 2009's 46,879 sales. 44,902 homes were sold in the valley last year, down 7 percent from 2011 but still the third highest since 2000. Short sales grabbed a record chunk of the valley’s sales last month, accounting for 46 percent of all sales, up from almost 27 percent a year earlier.

Foreclosures, which made up more than half of all sales a few years ago, accounted for just 9.5 percent of deals last month, the GLVAR said. The valley’s housing market has been propped up in large part by cash investors, who prowl for cheap homes to rent out. Reach out to The Snyder Group Luxury Real Estate if You want to know more about becoming a Las Vegas Real Estate Investor.

We at The Snyder Group want to be your free real estate resource -feel free to Reach Out To Us with your questions or concerns regarding short sales, foreclosure options or How the Las Vegas real estate market is currently performing.

Our real estate agents have a wealth of local knowledge and experience in all the facets of residential real estate whether looking for a large custom home or a condo on the famed Las Vegas Strip - Our agents know our area the best. If you want more information, Contact The Snyder Group for a free consultation and we'll be happy to listen.

This  was drafted from  an article written by  Eli Segall  and is originally published in www.VegasInc.com to see the original article Click Here