The prices in real estate in Las Vegas, in the Nevada region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Las Vegas has increased strongly during the last 6 months. In September, the average price per sq.feet was $185. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (November, December) had a considerable increment of 981 %. The price per sq.feet has had a considerable increase of 230 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $500 to $1,152 during January, and February.
Based upon to the price in Las Vegas (cities), this has fallen considerably in the last 6 months. The average price for September is $486,008. During October the price had a considerable reduction till . During the following two months (November, December) the average price had a considerable increase of 190 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 127 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $497,259 they are 17 % more affordable than the average price for Las Vegas. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 1 bedroom priced at $486,805.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $174 / sq.feet, with an average $804 / sq.feet price in Las Vegas. The properties with the highest average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at $259 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $497,259 it is 69 % cheaper than the average price in Las Vegas. "Land" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $510,088 it is 58 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $181 / sq.feet followed by "House" priced at $273 / sq.feet. "Apartment" is the most costly type of property with a $1,702 / sq.feet cost followed by "Land" with an average price of $1,498 / sq.feet.