Las Vegas housing sector sees positive signs in August

Steve Marcus

A home for sale at 227 Marks St. in Henderson on Monday, April 9, 2012.

Las Vegas’ housing sector had a good month in August with more new home purchases, higher sales prices and a jump in construction permits.

A total of 602 new homes were sold last month in the Las Vegas Valley, up 60 percent from the same period a year ago, according to a report this week from SalesTraq, a subsidiary of Las Vegas-based research firm Applied Analysis.

The median new home closing price rose 3.5 percent last month, to $204,737.

In addition, some 573 new home permits were pulled, up 70 percent from a year earlier.

A total of 4,697 used homes were sold last month, down 18 percent from a year ago. Yet the median sale price rose 16.5 percent in August to $121,000, the highest reported median since June 2010, says SalesTraq.

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