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 December, the average price per sq.feet was $216. In the following month the price per sq.feet decreased to $192. The price for the following two months in (February, March) had a considerable increment of 325 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $433.25 to $441.5 during April y May
Based upon to the price in Las Vegas (cities), this has fallen considerably in the last 6 months. The average price for December is $594,892. During January the price had a considerable reduction till $440,139. During the following two months (February, March) the average price had a considerable reduction of 79 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $463,957.75 to $407,332.5 in April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $414,259 they are 65 % more affordable than the average price for Las Vegas. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $308,888.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $72 / sq.feet, with an average $282 / sq.feet price in Las Vegas. The properties with the highest average prices have 4 bedrooms. They are 530 % more expensive than the average followed by properties with 1 bedroom with a price at $114 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $414,259 it is 5 % cheaper than the average price in Las Vegas. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $474,332 it is 240 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $247 / sq.feet followed by "House" priced at $385 / sq.feet. "Apartment" is the most costly type of property with a $8,721 / sq.feet cost followed by "Townhouse" with an average price of $1,605 / sq.feet.