Today marks the 25th anniversary of Applied Analysis. During the past quarter-century, our employees made the difference, and our clients made it possible. We are appreciative of the relationships and opportunities we have been afforded. For that, we are forever grateful.
Did you catch the latest LV housing #stats from @GLVAR? Median prices continue to rise, but the pace of expansion has the potential to slow as interest rates rise and affordability concerns persist. Effective availability reached above 1.0 month for the first time since Oct. '21.
As of April, the #LasVegas single family median price hit a new high: $475,000, a 26.7% gain on the year. Low inventory and population in-migration bolsters price gains. If mortgage rates continue to rise, it has the potential soften demand and consumer purchasing power. @GLVAR
LV housing prices and interest rate movements will be important to monitor going forward. The median price point for the SFR market increased to a new high of $460,000 in March 2022, a 2.2% increase from the prior month and a 26.7% gain on the year. #stats@GLVAR
The median single-family price in LV reached a new high of $450k in Feb. '22 - a 26.8% gain on the year. The sustainability of these trends remains uncertain. However, the market fundamentals appear relatively stable when compared to the prior boom-bust cycle of 2000s. @GLVAR
LVR will kick off this year’s first General Membership meeting at the Four Seasons Hotel on March 18, 2022 from 11:00 a.m. - 4:30 p.m.
Registration is required and will close on March 11, 2022, at 5:00 p.m. To learn more or to register visit bit.ly/3KlNCVN.
Check out the #yearend#housing#stats from @glvar. The median price of single-family units increased to a new high of $425,000 in Dec. 2021, a 23.2% gain on the year. In the condo/townhouse market, the median price point increased to $242,000 - up 30.1%. Can the streak continue?
Strip’s failed condo market remains quiet, but analysts hint at a comeback. Applied Analysis issued a research report in the third quarter of 2007 showing more than 150 luxury condominium projects... thenevadaindependent.com/article/strips…@howardstutz
The median price of #LasVegas single-family homes sold increased to a new high of $420,000 in Nov. 2021, a 21.7% gain on the year. Effective availability declined to 0.9 months - the first month since July that availability edged below 1.0 months. Latest from @GLVAR#housingstats
The median price of #LasVegas single-family homes reached a new high of $406,500 in Sept. 2021, a 20.5% gain YoY. Future mortgage interest rate increases have the potential to slow overall demand and/or the prices buyers are willing/able to afford. @GLVAR#stats@AppliedAnalysis