Las Vegas Real Estate Sets Sales Record for June 2009

Las Vegas Real Estate sales of single-family homes, condos and town homes hit a record of 4,702 in June, beating the previous record of 4,414 set in June 2004 according to the information released by the Greater Las Vegas Association of Realtors. The main reason for the increase in home sales is the average sales price of $140,000 which is considerably less than the average sales price of $242,000 in June 2004. The drastic drop in home prices has made it affordable for first time home buyers once again and lucrative for real estate investors.
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