Real Estate » 10 Cities » Median Home Price Buys In Las Vegas
In Las Vegas itself, buyers can find houses and condos in the median price range, says Paul Bell, immediate past president of the Greater Las Vegas Association of Realtors and treasurer of the Nevada Association of Realtors.
At that price, single-family homes are often 1,000 to 1,400 square feet, have two or three bedrooms with 1½ baths, and are built anywhere from the late 1960s through the 1990s, he says. Condos could be slightly larger, built in the 1990s or later, he says.
Listed by: Avanti Las Vegas Inc.
In the suburbs for the median price, "the most common floor plan will be a one-story, three-bedroom, two-bath house with approximately 1,500 to 1,600 square feet" in the northern or southwestern part of the Las Vegas Valley, he says.
Often, homes need updating but are sold as is, Bell says.
He remembers one recent home priced at $124,000. But the buyer "would need to spend $15,000 to cosmetically update it and put in one new air-conditioning and heating system," he says.
*Source: National Association of Realtors, fall 2011.
More On Home Prices:
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.
According to the Supreme Court, you can rescind, or cancel, the mortgage any time within three years. All you have to do is send a letter to the lender.
... Read more