Las Vegas Home Values Appreciation Map- May 2015

Las Vegas Home Values are appreciating at a healthy pace around the greater Las Vegas area. The May 2015 Price Appreciation map shows a breakdown by zip code for year over year appreciation rates. Appreciation changes are May 2014 vs. May 2015.

Zip	Change	Zip	Change	Zip	Change	Zip	Change	Zip	Change	Zip	Change	Zip	Change	Zip	Change
89002	-13%	89005	-1%	89011	+14%	89012	+6%	89183	-1%	89014	-20%	89015	+11%	89030	+5%
89031	+6%	89032	-6%	89044	-2%	89052	+1%	89081	+1%	89084	+0%	89085	+0%	89086	+4%
89101	+0%	89102	+20%	89103	+8%	89104	+2%	89106	+19%	89107	-1%	89108	-7%	89109	+0%
89110	+0%	89113	+2%	89115	-12%	89117	+4%	89118	-36%	89119	+27%	89120	-1%	89121	+4%
89122	-3%	89123	+2%	89128	+0%	89129	+2%	89130	-1%	89131	+4%	89134	+0%	89135	+10%
89138	+7%	89139	-2%	89141	+7%	89142	+5%	89143	+15%	89144	+1%	89145	+2%	89146	-3%
89147	-15%	89148	+10%	89149	+1%	89156	-1%	89161	+0%	89166	-6%	89169	+27%	89178	+1%
89179	+8%

June 2015 Las Vegas home appreciation numbers by zip code have not yet been published, however, the Greater Las Vegas Association of Realtors has reported the following statistics.

The median price of homes sold through its Multiple Listing Service during June was $220,000, up 10.1 percent from $199,900 one year ago. Meanwhile, the median price of local condominiums and townhomes, including high-rise condos, sold in June was $115,000. That was up 5.5 percent from $109,000 one year ago.”  Appraisers just don’t seem to get it. We are seeing issues because buyers are willing to pay what the contract says, while an appraiser doesn’t want to value the home for the current market.  The increase in value is great news for home owners looking to sell their Las Vegas home, as the market is appreciating at a healthy rate. Compared to June 2014, 14.2 percent more homes and 6.3 percent more condos and townhomes sold this June. There are fewer homes on the market than what is considered a balanced market, available homes in Las Vegas “for the month of June was 13,740, down 0.7 percent from one year ago.”

“Compared to one year ago, total sales volumes in June were up 23.5 percent for homes and up 13.2 percent for condos.” With average days on market at approximately 60 days, inventory is moving quickly. It’s a great time to list and sell your Las Vegas, North Las Vegas, Centennial Hills, or Summerlin home.