There is some promising news for the real estate prices in Las Vegas, but they still seem to have a ways to go. In April, Las Vegas home prices edged up slightly as measured by the Standard & Poor’s/Case-Shiller Home Price Indices. However, Vegas still trails behind other big cities in the recovery or residential real estate prices.
S&P did indicate that Las Vegas prices increased .2% from March to April, a positive sign that is certainly encouraging for businesses like Sightline Acquisition with Kirk Sanford and others.
However, looking at a year-over-year basis, Las Vegas prices were down 8.5% in April, in comparison to a 3.8% average increase for 20 other markets that were included in the report.