Las Vegas Real Estate Breaking Records
The Las Vegas real estate market has broken almost every available homes record in the first quarter of 2006.
Even with all the bad press about the local market and the real estate bubble, new home sales were up 19.3% from last years numbers.
According to the stats March was the fifth highest new home sales month in history. I’ll repeat that, new Las Vegas homes sales for the month of March was the fifth highest sales in history.
According to Forbes magazine, there was supposed to be a drop by 8.5% this year. In fact there was an 8.3% increase over last March and existing home sales were about 1% ahead of 2005 in volume.
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