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 November, the average price per sq.feet was $182. In December this price pretty much remained the same at a value of $183 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 121 %. The price per sq.feet has had a considerable increase of 126 % 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 $201.75 to $254.5 during March, and April.
Based upon to the price in Las Vegas (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $395,147. In December This price remains at $392,654. During the following two months (January, February) the price has had an average incrementation from $393,900.5 to $445,009. 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 1 bedroom are the cheapest ones. At a price of $586,993 they are 58 % more affordable than the average price for Las Vegas. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $422,543.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $220 / sq.feet, with an average $280 / sq.feet price in Las Vegas. The properties with the highest average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 4 bedrooms with a price at $229 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $586,993 it is 56 % cheaper than the average price in Las Vegas. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $846,858 it is 55 % 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 $266 / sq.feet followed by "Condo" priced at $388 / sq.feet. "Land" is the most costly type of property with a $196,250 / sq.feet cost followed by "Townhouse" with an average price of $1,812 / sq.feet.