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 May, the average price per sq.feet was $56. In June this price pretty much remained the same at a value of $55 per sq.feet. The price for the following two months in (July, August) had a considerable increment of 259 %. The price per sq.feet has had a considerable increase of 134 % 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 $99.5 to $133.5 during September, and October.
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 May, the average price is $287,321. In June This price remains at $293,284. In the following two months the average price has remained the same with regard to the previous two months from $290,302.5 to $294,199. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $292,250.75 and $280,365 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $278,496 they are 31 % more affordable than the average price for North Las Vegas. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $290,385.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $131 / sq.feet, with an average $144 / sq.feet price in North Las Vegas. The properties with the highest average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at $171 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $278,496 it is 3 % cheaper than the average price in North Las Vegas. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $293,706 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $104 / sq.feet followed by "Condo" priced at $142 / sq.feet. "Apartment" is the most costly type of property with a $781 / sq.feet cost followed by "House" with an average price of $143 / sq.feet.