In a recent blog entry on real estate data collector Core Logic’s website, author Molly Boesel discussed property valuation trends as of April 2017. Nevada came in #9 in her list of 25 states with the highest HPI (home price index.) Nationwide, home prices have increased a whopping 47% since hitting their lowest point in March 2011 and are a little over 17% below their peak. Nevada is lagging on that aspect though; despite our healthy rate of growth, prices are still almost 30% below their peak in March 2006 , meaning our April home prices were the farthest below their all-time high, putting us only slightly ahead of Arizona.
Still, this is great news for Las Vegas area real estate as it indicates that we have become one of the fastest growing markets in the nation. Click here for a link to the full story.