Las Vegas home values rise 7 percent, but future not so bright
22 October 2012
Las Vegas home values rose faster than the national rate this past year, but the growth forecasted locally is smaller than the country at large.
The Las Vegas Valley's median home value climbed by 7 percent year-over-year to $121,500 in the third quarter and is expected to rise by 0.1 percent in the coming year, according to a report today from Seattle-based research firm Zillow.
Home values increased nationally by 3.2 percent this past year and are expected to rise by 1.7 percent over the next year.
In the valley, the largest percentage increase this past year came in North Las Vegas, where home values rose by 8.3 percent to $102,200.
Home values jumped in Henderson by 6.9 percent to $160,700, while climbing 6.3 percent to $115,900 in the city of Las Vegas.
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