5 minute read
2022Q2 Las Vegas Real Estate Market Report
The Corcoran Report
2Q | 2022 | LAS VEGAS VALLEY
LAS VEGAS VALLEY
2Q2022 | LAS VEGAS VALLEY
Overview
Total Sold
8,031
-18.4% YEAR OVER YEAR
Total properties sold for Las Vegas Valley changed -18.4% year-over-year to 8,031.
Highest Sale
$19.0M
-24.2% YEAR OVER YEAR
The highest sale price in Las Vegas Valley changed -24.2% year-over-year to $19.0M.
Days on Market
16
-23.8% YEAR OVER YEAR
Average days on market for Las Vegas Valley changed -23.8% to 16 days.
Lowest Sale
$100K
43.9% YEAR OVER YEAR
The lowest sale price in Las Vegas Valley changed 43.9% year-over-year to $100K.
Median Price
$480K
24.4% YEAR OVER YEAR
Median price in Las Vegas Valley changed 24.4% year-over-year to $480K.
Average Price
$591K
20.7% YEAR OVER YEAR
Average price in Las Vegas Valley changed 20.7% year-over-year to $591K.
LAS VEGAS VALLEY
2Q2022 | NORTHWEST
Overview
Total Sold
2,288
11.4% YEAR OVER YEAR
Total properties sold for Northwest changed 11.4% year-over-year to 2,288.
Highest Sale
$17.5M
54.9% YEAR OVER YEAR
The highest sale price in Northwest changed 54.9% year-over-year to $17.5M.
Days on Market
15
-25.0% YEAR OVER YEAR
Average days on market for Northwest changed -25.0% to 15 days.
Lowest Sale
$110K
-35.3% YEAR OVER YEAR
The lowest sale price in Northwest changed -35.3% year-over-year to $110K.
Median Price
$455K
15.0% YEAR OVER YEAR
Median price in Northwest changed 15.0% year-over-year to $455K.
Average Price
$539K
8.5% YEAR OVER YEAR
Average price in Northwest changed 8.5% year-over-year to $539K.
LAS VEGAS VALLEY
2Q2022 | SOUTHWEST
Overview
Total Sold
2,395
-2.1% YEAR OVER YEAR
Total properties sold for Southwest changed -2.1% year-over-year to 2,395.
Highest Sale
$19.0M
115.3% YEAR OVER YEAR
The highest sale price in Southwest changed 115.3% year-over-year to $19.0M.
Days on Market
16
-33.3% YEAR OVER YEAR
Average days on market for Southwest changed -33.3% to 16 days.
Lowest Sale
$118K
-48.4% YEAR OVER YEAR
The lowest sale price in Southwest changed -48.4% year-over-year to $118K.
Median Price
$490K
16.7% YEAR OVER YEAR
Median price in Southwest changed 16.7% year-over-year to $490K.
Average Price
$615K
9.4% YEAR OVER YEAR
Average price in Southwest changed 9.4% year-over-year to $615K.
LAS VEGAS VALLEY
2Q2022 | HENDERSON
Overview
Total Sold
1,819
-0.3% YEAR OVER YEAR
Total properties sold for Henderson changed -0.3% year-over-year to 1,819.
Highest Sale
$14.6M
-41.6% YEAR OVER YEAR
The highest sale price in Henderson changed -41.6% year-over-year to $14.6M.
Days on Market
17
-10.5% YEAR OVER YEAR
Average days on market for Henderson changed -10.5% to 17 days.
Lowest Sale
$170K
18.5% YEAR OVER YEAR
The lowest sale price in Henderson changed 18.5% year-over-year to $170K.
Median Price
$500K
11.1% YEAR OVER YEAR
Median price in Henderson changed 11.1% year-over-year to $500K.
Average Price
$638K
2.8% YEAR OVER YEAR
Average price in Henderson changed 2.8% year-over-year to $638K.
Methodology
The Corcoran Report offers current and valuable information regarding the local market. Each region reported on is broken down by neighborhood and contains specific details and insights related to that market.
METRICS
TOTAL PROPERTIES SOLD is the total number of propertiesthat closed within the quarter reported.
MEDIAN PRICE is the middle or midpoint price where half of sales fall below and half fall above this number.
HIGHEST SALE is the highest priced property that was sold inthe area being reported on during the quarter reported.
DAYS ON MARKET averages how long a unit takes to sell and is calculated from subtracting the list date from the date of close.
LOWEST SALE is the lowest priced property that was sold inthe area being reported on during the quarter reported.
SOURCE
Figures in this report are based on publicly reported closed sales information via the Multiple Listing Service.
AVERAGE PRICE is the price calculated by dividing thecombined prices of properties by the amount of sold properties in that same area.
DISCLAIMER
©2022 Corcoran Global Living. 1980 Festival Plaza Drive, Suite 460, Las Vegas, NV 89135. CA DRE# 02109201; NV B.1000747; OH REC.2021004219. All rights reserved. Corcoran® and the Corcoran Logo are registered service marks owned by Corcoran Group LLC. Corcoran Global Living fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Real estate agents affiliated with Corcoran Global Living are independent contractors and are not employees of Corcoran Global Living. Each office is independently owned and operated. All material presented herein is intended for information purposes only and has been compiled from sources deemed reliable. Based on information from Multiple Listing Servic. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal notice.
