The average sale price for the sale of
home in Las Vegas is now $220,000. If
you bought your home in 2010, 2011 or even 2012 it is likely you have amassed a
great deal of equity. The market is
beginning to stabilize in Las Vegas and the continued lower interest rates have
helped the real estate recovery. If you are planning to sell a house in Las Vegas or planning to sell and move to a
different city, this is the ideal time.
Las Vegas is not one of the cheapest places to live in the country. Compared to California or New York, real
estate in Las Vegas appears to be very reasonable. However, compared to most parts of the
country Las Vegas home prices are quite high.
The reason I say it is the perfect time to move is because you will get
top dollar for you home in Las Vegas now due to reasonable amounts of inventory
and the extremely low interest rates.
The money you can make here can go a lot farther on house in Texas or
Tennessee. It is a completely different decision if you need to buy another house in Las Vegas. The prices have rebounded fairly well and
finding a home under $175,000 is no longer easy. The good interest rates could help you with
the purchase of the new home if you get a substantial gain from the home you
are selling. You could use this for the
down payment and possibly get a larger house or different home for the same
payment. I would say that buying is still
a much better than renting in Las Vegas and rents are sharply rising as well. I will talk more about the increases in rents
in another post.
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