This home in Woodcrest, Las Vegas was listed May 21st, 2014. The home in Woodcrest, Las Vegas’ listing price is $172,800. This home in Woodcrest, Las Vegas was bought by the current owner in 1995 for $39,500. In just short of 20 years this home in Woodcrest, Las Vegas’ value has quadrupled.
Currently, the Real Estate Market nationwide is experiencing a gradual resurgence. Although Las Vegas saw a rapid increase in home market prices in 2013, 2014 appears to be slowing down. Though the market maybe be slowing down, Las Vegas is still experiencing better pricing than any time in the last several years since the peak year of 2006; just before the market went bust.
As home pricing increases, buyers and renters are taking a closer look at homes in the Las Vegas area. As home values are expected to appreciate by 4.5% in 2014 and Freddie Mac is projecting rates will go up later this year, buyers are looking to get into homes now, before home prices continue to rise.
This home in Woodcrest, Las Vegas is one of 276 homes that are for sale in 89108. The amount of homes that are active listings in Las Vegas 89108 dropped by 9.6% from the previous month of April 2014. The number of sales in January dropped by 88.6% from December 2013.
The median listing price in Las Vegas 899108 is $124,180. The median amount of time that these Las Vegas homes are on the market is 64 days.
The percentage of owner occupied properties in Las Vegas 89108 is 41.16%. This is 21.94% below the United States’ national average. The percentage of renter occupied homes in Las Vegas 89108 is 45.17%, which is 25.97% above the national average.
Median household income in 89108 is $49,305 with 1,426 households earning between $35,000 to $40,000 annually. For the zip 89108, 10.50% of the people have completed a bachelors degree as their highest education level.
The median age of Las Vegas 89108 residents is 33. 28% of the Las Vegas 89108 residents are married. There are 26,588 Las Vegas homes in 89108, 10,256 of those Las Vegas 89108 homes are homes with children.
The Ballen Group is a team of Las Vegas real estate agents started and owned by Richard and Lori Ballen. Lori Ballen is the listing agent in this home in Woodcrest, Las Vegas home sale. Tom Wirt is the Las Vegas real estate agent representing Lori in this sale. Lori and Richard have owned The Ballen Group for over 3 years and live in Summerlin with their family.
The Ballen Group – Keller Williams Realty Las Vegas
3046 S. Durango #100
Las Vegas, NV 89117