Elaine and James Hansen

Elaine and James Hansen
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Monday, July 26, 2021

Market Statistics - Breaking Down the Numbers

Below are Graphs of Median Home Prices for 
Henderson, Las Vegas and Boulder City.
from July 2018 "Pre-Pandemic" up to this week.
Many thought, including myself, that prices would go down.
As we all know Home Values have Shot Up!
What is More Interesting is when you Break Down the Numbers.
The Second Graphs show the Median Price Broken into Market Segments.
Meaning the Top 25% "Top", then the 2nd 25% "Upper"
the 3rd 25% "Lower" and then the 4th 25% "Bottom"
 
What is Interesting is how much the Top Tier Homes 
went Up So Much More compared to the rest.
You can also see how the Top 2 Tiers have been Dropping,
while the Bottom 2 Tiers are still Trending Up.


 
In Henderson, the Median Home Price was $485,000 a year ago.
They have since risen to $568,888, for a 17% Increase in Value.

 
 Top was $1,400,000 a year ago and is now $2,200,000
For an Increase of 57%
Upper  was $559,300 a year ago and is now $666,700
 For an Increase of 19%
Lower was $409,460 a year ago and is now $503,770
For an Increase of 23% 
Bottom was $316,520 a year ago and is now $373,350
For an Increase of 18%

 In Las Vegas, the Median Home Price was $289,316 a year ago.
They have since risen to $489,000, for a 25% Increase in Value. 

 Top was $793,250 a year ago and is now $1,200,000
For an Increase of 51%
Upper  was $441,973 a year ago and is now $599,640
 For an Increase of 35%
Lower was $327,510 a year ago and is now $413,840
For an Increase of 26% 
Bottom was $251,450 a year ago and is now $311,280
For an Increase of 23%

 In Boulder City, the Median Home Price was $512,467 a year ago.
They have since risen to $678,000, for a 32% Increase in Value. 

 Top was $1,400,000 a year ago and is now $2,000,000
For an Increase of 42%, which has since dropped
Upper  was $726,800 a year ago and is now $858,540
 For an Increase of 19%
Lower was $513,270 a year ago and is now $484,325
For a Decrease of - 6% 
Bottom was $337,057 a year ago and is now $351,560
For an Increase of 4%