The 2016 Las Vegas Home Appreciation Map released by www.salestraq.com is showing how strong the Las Vegas housing market is doing. only 3 zip codes had negative appreciation while most zip codes saw a decent amount of appreciation. A Clark County study indicates that the population has risen to 2.2 million people which has driven the demand up for housing. Over 57,000 people moved to Clark County last year which created an estimated 21,250 new households. Nevada is the second fastest growing state in the nation. Utah is number one. The job market has driven the new population numbers along with the lowest unemployment numbers in years.
The 2016 Las Vegas Home Appreciation Map shows Summerlin continues to be the best selling master planned community in all of Las Vegas. Summerlin outperformed all of the other 56 zip codes in Las Vegas. The average sales price for a home in Summerlin for 2016 was $365,000.00 according to sales traq. The amount of growth including Downtown Summerlin along with new home sales has driven the pricing up. 89138 was the hottest zip code in Summerlin with 10.6% in appreciation. 89135 also in Summerlin posted a 4.8% growth in appreciation.
The 2016 Las Vegas Home Appreciation Map shows Henderson continues to show strong signs of value for home buyers. Anthem, Inspirada, Seven Hills, Green Valley and MacDonald Ranch continue to show people are willing to pay top dollar for homes in these communities. Henderson has also seen a variety of growth with new home construction, a brand new hospital next to the Galleria Mall, and the Henderson home resale market continues to show high demand in this community.
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The 2016 Las Vegas Home Appreciation Map can be seen below:
2016 Las Vegas Home Appreciation Map Released