Las Vegas real estate blog with market conditions, news and availability of Las Vegas homes and condos as presented by RE/MAX Associates.
Sales prices dropped for Las Vegas condos. This is the latest according to Las Vegas market statistics, which followed condos that were sold in downtown Las Vegas in the months of March and April. The survey compared asking prices, sales prices, and the average sales prices between the two months.
According to the survey, local condo prices dropped by 25.5% in April. In March, the average asking price for local condos was around $353,000, whereas in April it was $266,000.
There was a drop of 20% in the sales price as well as a drop of 11% square footage pricing.
Because there was a decrease of prices for the newly constructed condos, there was an increase in sales. In the month of March there were a total of 64 condos sold, in April that number increased slightly to 67 local condos.
# posted by Las Vegas Homes Agent @ 11:07 AM
