http://www.kansascity.com/2013/07/25/4366449/report-finds-6-in-10-vegas-home.html
Thursday, July 25, 2013
July 25 The Associated Press LAS VEGAS — Cash is king buying a house in southern Nevada.
Order Reprints More News Read more National, International Business news RealtyTrac.com reported Wednesday that 62 percent of all residential sales in Las Vegas in June were cash transactions.
That's the third-highest rate in the nation, behind only the Cape Coral-Fort Myers, Fla.-area at 70 percent and Miami at 64 percent.
Irvine, Calif.-based RealtyTrac says the national average was 30 percent.
The report says the median sales price of a residential property in Las Vegas was $145,600 in June.
That's $22,400 below the national average.
But median housing prices in Las Vegas climbed 26 percent in June, compared with the same month a year ago.
KLAS-TV reports (http://bit.ly/1aKRsRZ ) that's well above the 5 percent price increase nationally.
Only the California cities of Sacramento, San Francisco and Los Angeles experienced a bigger jump.
Information from: KLAS-TV, http://www.klas-tv.com
Read more here: http://www.kansascity.com/2013/07/25/4366449/report-finds-6-in-10-vegas-home.html#storylink=cpy
Thursday, July 25, 2013
July 25 The Associated Press LAS VEGAS — Cash is king buying a house in southern Nevada.
Order Reprints More News Read more National, International Business news RealtyTrac.com reported Wednesday that 62 percent of all residential sales in Las Vegas in June were cash transactions.
That's the third-highest rate in the nation, behind only the Cape Coral-Fort Myers, Fla.-area at 70 percent and Miami at 64 percent.
Irvine, Calif.-based RealtyTrac says the national average was 30 percent.
The report says the median sales price of a residential property in Las Vegas was $145,600 in June.
That's $22,400 below the national average.
But median housing prices in Las Vegas climbed 26 percent in June, compared with the same month a year ago.
KLAS-TV reports (http://bit.ly/1aKRsRZ ) that's well above the 5 percent price increase nationally.
Only the California cities of Sacramento, San Francisco and Los Angeles experienced a bigger jump.
Information from: KLAS-TV, http://www.klas-tv.com
Read more here: http://www.kansascity.com/2013/07/25/4366449/report-finds-6-in-10-vegas-home.html#storylink=cpy