2015 – Windermere Real Estate Report in Review

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.

Posted on January 7, 2016 at 10:17 pm
Robyn Yates | Category: Market Reviews

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