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 October, the average price per sq.feet was $171. In the following month the price per sq.feet increased to $182. In the following two months the price per sq.feet has increased 114 %, going from $176.5 to $201.5 per sq.feet. The price per sq.feet has had a considerable increase of 119 % 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 $189 to $225.5 during February, and March.
Based upon to the price in Las Vegas (cities), this has gone up considerably in the last 6 months. The price in October is $362,081, rising in November till $395,147. During the following two months (December, January) the price has had an average incrementation from $378,614 to $425,854.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $478,842 they are 48 % more affordable than the average price for Las Vegas. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $400,392.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $212 / sq.feet, with an average $229 / sq.feet price in Las Vegas. The properties with the highest average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at $219 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $478,842 it is 31 % cheaper than the average price in Las Vegas. "Commercial" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Condo". At a price of $849,075 it is 346 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $224 / sq.feet followed by "Condo" priced at $407 / sq.feet. "Land" is the most costly type of property with a $1,101,576 / sq.feet cost followed by "Townhouse" with an average price of $2,193 / sq.feet.