2015 LAS VEGAS MARKET – YEAR IN REVIEW
* There was an increase from 34,525 resale closings in 2014 to 36,422 closings in 2015; an increase of 5%.
* One of the most significant changes from 2014 to 2015 is the number of short sale closings. A total of 2,667 short sale closings transacted in 2015 compared to the prior year which was 4,121. This is a decrease of 35% which is a very positive change and an indicating of a healthier Real Estate market.
* At the end of 2015 the average sales price was $254,159. Compared to the end of year average sales price for 2014, at $249,934. This is a slight increase of about 2% in values year to year.
* An increase in traditional sales from _____ percent in December 2014 to ______ in December of 2015. This increase in traditional (non distressed) properties and decreased in distressed (short sales and foreclosures) is another positive change indicating a move towards a stronger, healthier Real Estate Market.