The prices in real estate in North 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 North Las Vegas has increased strongly during the last 6 months. In February, the average price per sq.feet was $64. In March this price pretty much remained the same at a value of $65 per sq.feet. The price for the following two months in (April, May) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 163 % 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 $60 to $97.5 during June, and July.
Based upon to the price in North Las Vegas (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $280,499. In March This price remains at $276,444. In the following two months the average price has remained the same with regard to the previous two months from $278,471.5 to $281,593. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % 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 $294,817 they are 39 % more affordable than the average price for North Las Vegas. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $307,613.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $75 / sq.feet, with an average $140 / sq.feet price in North Las Vegas. The properties with the highest average prices have 2 bedrooms. They are 31 % more expensive than the average followed by properties with 1 bedroom with a price at $170 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $294,817 it is 48 % cheaper than the average price in North Las Vegas. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Apartment". At a price of $294,591 it is 5 % 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 $59 / sq.feet followed by "Condo" priced at $107 / sq.feet. "Land" is the most costly type of property with a $2,236 / sq.feet cost followed by "Apartment" with an average price of $784 / sq.feet.