Las Vegas and Nevada are #1 in Home Value Appreciation

Freddie Mac and S & P / Case-Shiller are two of the biggest 

resources of information for us as Realtors.

Below you can see Freddie Macs National Appreciation by State 

and 30 year History of Mortgage Interest Rates.

S & P / Case-Shiller's The Top 20 Cities Appreciation over the past 3 Years.

Las Vegas and Nevada are back on top.

For many this is a Flashback to the beginning of the Housing Bubble Crisis of 10 years ago.

For us it's a rapid and needed recovery.

2015...Hopefully more of the same as last year

 

 Looking back at 2015 we had a very good year. 

Below you can see the rising price trends for Las Vegas, Henderson and NLV.

Home Prices in Henderson and NLV are still moving upward.

Las Vegas dipped down at the End of 2014

If you look at the End of Year for 2013 and 2012 you will also see a similar seasonal drop.

Looking ahead...
With Prices Stabilizing, Unemployment Dropping, Interest Rates hitting new lows...

This is a good recipe for another strong year for Vegas Home Values.

 

^^^   Las Vegas   ^^^

 

^^^   Henderson   ^^^

 

^^^   North Las Vegas   ^^^

 

Click on Image below for the Complete Report

UNLV's Nevada Housing Report - A Good Sign of Good Times...

UNLV and State of Nevada put out a Quarterly Report 

on Nevada's Housing Market.

below are the Clark County Statistics

Click HERE for the entire 23 page report.

Highlights...

New Home Sales are High but Construction Starts are decreasing.

Home Prices have Risen nicely over the past 3 years and are leveling off.

Foreclosure, Notice of Defaults and Short Sales have decreased drastically.

In General, Good signs of a healthy and improving Housing Market.

But I always say, "I Live in Las Vegas"

We look at this Graph a lot. 

It shows us what is happening with Home Prices for the past 3 years.

The Top Graph is the one I have always posted.

The next three are what has been happening in

Henderson, N Las Vegas and Boulder City.

I was curious to see the Population of these 4 major areas of our Metropolis.

So I searched the web and found a Map of the Major Cities in Clark County and their Population.

It's interesting to see that what we call Las Vegas is actually over 10 different townships.

So... Where do you actually Live?

Las Vegas

 

Henderson

N Las Vegas

Boulder City

Market Snapshot - The Las Vegas Housing Market is a Good Bet!

Thanks to our friends Forrest Barbee and Equity Title, 

they spend a lot of time crunching these numbers.

The Top Graph is the Most Important.

I like this version of the Home Prices Graph because it shows prices 

both before and after the "Housing Bubble".

Many people are still hesitant to get back into the Housing Market.

We have lived in a negative Housing Market for a long time.

In many parts of the country, they are still suffering in one now.

It's hard to be confident and take that step.

The Las Vegas Market was one of the first and hardest hit in the country.

But now we are leading the country with a strong recovery.

When you look around our town we see growth everywhere.

Dead malls are filling back up and new ones opening.

Construction Projects that were put on hold have restarted.

Corporations are Investing in Las Vegas.

My Opinion...

There are a lot of opportunities here, you can bet on Las Vegas.

 

 

A Deeper Look at the Numbers - Level Heads Prevail...

Many have been concerned that the quick rise in Home Prices 

could lead to another Housing Bubble.

In 2012 and 2013, Investors drove up prices rapidly.

Now that Homes aren't the steal they were a year ago,

the Market has leveled itself out.
This is a sign of a healthy, self correcting Real Estate Market.

 

How Much Americans Owe On Mortgages by State

According to a recent study, the average American has a mortgage Balance of $157,154

Home Owners in Nevada have a $161,812 average balance.

According to Zillow, the median Home Value in Nevada is $189,700

which is up 16.4 % from $158,589 last year.

This means that, on average, a majority of Home Owners in Nevada have Equity again.