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Las Vegas, NV - Home Price Appreciation Rate - 30 Year Graph
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Annual appreciation rates for Las Vegas-Paradise, NV single family home prices are shown in the
graph above. Source: House Price Index (HPI). Updated Monday, April 18, 2011. Click the link below
for the Nevada Real Estate Forecast.
Las Vegas Home Prices - Appreciation Rate
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1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010

Commentary 7587
1st Quarter, 2011 Data: Las Vegas, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Las Vegas Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Las Vegas-Paradise, NV, hereinafter referred to as "Las Vegas".
Last Quarter:
During the 1st Quarter of 2011, Las Vegas Home Prices had a rank of 345, with
appreciation of -4.66%. The top performing real estate market during the 1st
Quarter was Mansfield, OH, with appreciation of 2.31%. The worst market
during that period was Boise City, ID, with appreciation of -8.86%.
The median appreciation for all cities during the 1st Quarter was -2.24%. The
average appreciation for all markets during the quarter was -2.29%.
Last Year:
During the last 12 months, Las Vegas Home Prices had a rank of 369, with
appreciation during the year of -9.76%. The top performing market during the
last year was Midland, TX, with appreciation of 4.5%. The worst real estate
market during that period was Boise City, ID, with appreciation of -15.2%.
The median appreciation for all markets during this period was -2.13%. The
average appreciation was -2.64%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2011, Las Vegas Home Prices
ranked 378, with a total appreciation of -55.0%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 42%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -2%. The
average appreciation over the 5 years was -7%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2011, Las Vegas Home Prices
had a rank of 374, with appreciation during the decade of -7%. The top
performing market during the period was Midland, TX, with appreciation of 94%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -26%.
The median appreciation for all markets during the last 10 years was 30%. The
average appreciation for the cities over that time frame was 31%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2011, Las Vegas Home Prices
had a rank of 343, with total appreciation over the 20 year period of 19%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 244%. The worst market during the last 20 years was Merced,
CA, with appreciation of 14%.
The median appreciation for all cities during the last 20 years was 90%. The
average appreciation for the markets over that time frame was 94%.
Historical research data on the Home Price Index for the Las Vegas Real Estate
Market is available back to the 2nd Quarter, of 1978. The chart has been
updated through the 1st Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Las Vegas. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
Commentary 6825
4th Quarter, 2010 Data: Las Vegas, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Las Vegas Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Las Vegas-Paradise, NV, hereinafter referred to as "Las Vegas".
Last Quarter:
During the 4th Quarter of 2010, Las Vegas Home Prices had a rank of 358, with
appreciation of -2.55%. The top performing real estate market during the 4th
Quarter was Cape Coral, FL, with appreciation of 4.62%. The worst market
during that period was Sebastian, FL, with appreciation of -6.82%.
The median appreciation for all cities during the 4th Quarter was -0.68%. The
average appreciation for all markets during the quarter was -0.69%.
Last Year:
During the last 12 months, Las Vegas Home Prices had a rank of 346, with
appreciation during the year of -5.92%. The top performing market during the
last year was Bay City, MI, with appreciation of 6.1%. The worst real estate
market during that period was Reno, NV, with appreciation of -10.3%.
The median appreciation for all markets during this period was -1.13%. The
average appreciation was -1.71%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2010, Las Vegas Home Prices
ranked 378, with a total appreciation of -51.2%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 44%. The
worst market during that period was Merced, CA, with appreciation of -60%.
The median appreciation for all cities during this time period was 1%. The
average appreciation over the 5 years was -4%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2010, Las Vegas Home Prices
had a rank of 373, with appreciation during the decade of 0%. The top
performing market during the period was Honolulu, HI, with appreciation of
100%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -22%.
The median appreciation for all markets during the last 10 years was 37%. The
average appreciation for the cities over that time frame was 38%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2010, Las Vegas Home Prices
had a rank of 343, with total appreciation over the 20 year period of 28%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 245%. The worst market during the last 20 years was Merced,
CA, with appreciation of 14%.
The median appreciation for all cities during the last 20 years was 97%. The
average appreciation for the markets over that time frame was 101%.
Historical research data on the Home Price Index for the Las Vegas Real Estate
Market is available back to the 2nd Quarter, of 1978. The chart has been
updated through the 4th Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Las Vegas. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
Commentary 5682
Part 1: MARKET SUMMARY
3rd Quarter, 2010 Data: Las Vegas, Nevada
Historical Home Price Appreciation
Last Quarter -1.34%
Last Year -8.4%
Last 5 Years -48%
Last 10 Years 5%
Last 20 Years 33%
Decline From All Time High 52.16%
Annual Home Price Appreciation Rates
1980 10.32%
1981 8.19%
1982 18.33%
1983 -17.35%
1984 0.26%
1985 6.47%
1986 2.04%
1987 0.18%
1988 4.51%
1989 7.16%
1990 8.40%
1991 5.69%
1992 1.78%
1993 1.07%
1994 -1.55%
1995 4.93%
1996 1.33%
1997 3.14%
1998 2.70%
1999 1.03%
2000 5.36%
2001 6.93%
2002 5.56%
2003 13.25%
2004 38.79%
2005 15.42%
2006 4.95%
2007 -7.75%
2008 -33.77%
2009 -18.88%
Real Estate Appreciation, Rank & Percentile
Last Quarter -1.34% Rank: 350 of 381 (8th Percentile)
Last Year . . . . . . . . . . . . . . . . -8.4% Rank: 359 of 381 (5th Percentile)
Last 5 Years -48% Rank: 378 of 381 (Bottom .70%)
Last 10 Years . . . . . . . . . . . . 5% Rank: 368 of 381 (3rd Percentile)
Last 20 Years 33% Rank: 341 of 344 (Bottom .80%)
Decline From All Time High 52.16%
Home Price appreciation rates for Las Vegas-Paradise, NV are shown above for
five time periods. For example: Las Vegas appreciated -1.34% in the Last
Quarter. At that rate, the Las Vegas Real Estate Market was ranked 350th out
of 381 metropolitan areas for Real Estate Appreciation. Las Vegas was in the
8th percentile. So Las Vegas, NV performed better in the Last Quarter than 8%
of the 381 metropolitan areas covered in ForecastChart.com.
Part 2: MARKET HIGHLIGHTS
3rd Quarter, 2010 Data: Las Vegas, Nevada
The data and analysis on this page pertains to Las Vegas-Paradise, NV,
hereinafter referred to as "Las Vegas". The all time high in the Las Vegas Home
Price Index was 256.7 in the 4th Quarter, of 2006. The 3rd Quarter, 2010 index
value was 122.8. That's a decline of 133.91 points or 52.16% below the Las
Vegas Home Price Index all time high. The Home Price Index indicates that the
Las Vegas Market is up 5% over the last 10 years. Home Prices in the Las
Vegas Real Estate Market have lost 8.38% over the last 12 months. Over the
last thirty years, it is up 79%.
The 3rd Quarter index value was 1.67 points lower than the 2nd Quarter, 2010
index value of 124.48, resulting in a 1.34% decline for the 3rd Quarter in the
Las Vegas Market.
The Las Vegas Home Price Index has declined for the last 15 consecutive
quarters. That makes Las Vegas the current record holder for consecutive
quarterly declines in the Home Price Index The current record holders for
consecutive increases in the Home Price Index are Shreveport, LA; San Jose,
CA; Oakland, CA; Kennewick, WA and Cambridge, MA, with increases in the
last 4 consecutive quarters.
The highest annual home appreciation rate in the Las Vegas Real Estate
Market was 44% in the twelve months ended with the 3rd Quarter of 2004. The
worst annual home appreciation rate in the Las Vegas Market was -34% in the
twelve months ended with the 4th Quarter of 2008.
The highest home appreciation in the Las Vegas Real Estate Market over a
three year period was 84% in the three years ended with the 1st Quarter of
2006. The worst home appreciation over a three year period in the Las Vegas
Market was -51% in the three years ended with the 1st Quarter of 2010.
This page provides a long term graph of the Las Vegas Home Price Index
(above). The chart has been updated through the 3rd Quarter of 2010. For
more information about Las Vegas Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for the
Las Vegas Real Estate Market. Another opens a forecast for appreciation rates
in the state of Nevada. Just one glance at ForecastChart.com's long term charts
can provide tremendous insight into the historical trends of residential property
values. Bookmark this page! Then ForecastChart.com's detailed research and
statistics about Las Vegas Home Prices will be at your fingertips when you need
them.
Historical data on the Las Vegas Home Price Index is available back to the 2nd
Quarter, of 1978. All calculations are based on the quarterly value of the House
Price Index for the Las Vegas Market. The terms House Price Index and Home
Price Index, as used in this site, refer to the Federal Housing Finance Agency
(FHFA) House Price Index.
Significant is time required to research quarterly sales price and appraisal data
from mortgage transactions in the Las Vegas Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.
Part 3: APPRECIATION RATES & RANKINGS
3rd Quarter, 2010 Data: Las Vegas, Nevada
The appreciation of Las Vegas Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Las Vegas-Paradise, NV, hereinafter referred to as "Las Vegas".
Last Quarter:
During the 3rd Quarter of 2010, Las Vegas Home Prices had a rank of 350, with
appreciation of -1.34%. The top performing real estate market during the 3rd
Quarter was Laredo, TX, with appreciation of 13.94%. The worst market during
that period was Coeur d'Alene, ID, with appreciation of -4.45%.
The median appreciation for all cities during the 3rd Quarter was 0.66%. The
average appreciation for all markets during the quarter was 0.74%.
Last Year:
During the last 12 months, Las Vegas Home Prices had a rank of 359, with
appreciation during the year of -8.38%. The top performing market during the
last year was Laredo, TX, with appreciation of 9.5%. The worst real estate
market during that period was Deltona, FL, with appreciation of -15.7%.
The median appreciation for all markets during this period was -1.17%. The
average appreciation was -1.91%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2010, Las Vegas Home Prices
ranked 378, with a total appreciation of -47.7%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 50%. The
worst market during that period was Merced, CA, with appreciation of -58%.
The median appreciation for all cities during this time period was 4%. The
average appreciation over the 5 years was -1%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2010, Las Vegas Home Prices
had a rank of 368, with appreciation during the decade of 5%. The top
performing market during the period was Honolulu, HI, with appreciation of
103%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -21%.
The median appreciation for all markets during the last 10 years was 41%. The
average appreciation for the cities over that time frame was 41%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2010, Las Vegas Home Prices
had a rank of 341, with total appreciation over the 20 year period of 33%. The
top performing real estate market during the period was Missoula, MT, with
appreciation of 265%. The worst market during the last 20 years was Merced,
CA, with appreciation of 17%.
The median appreciation for all cities during the last 20 years was 97%. The
average appreciation for the markets over that time frame was 103%.
Historical research data on the Home Price Index for the Las Vegas Real Estate
Market is available back to the 2nd Quarter, of 1978. The chart has been
updated through the 3rd Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Las Vegas. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
PART 4: NATIONAL ECONOMIC FORECASTS
Local economies and home values are influenced in varying degrees by
national economic conditions. Forecasts for some relevant indicators are
included below. The date shown to the right of the forecast represents the
target date of the forecast. Abbreviations: SSAR (Seasonally Adjusted Annual
Rate), Q1 (First Quarter), Q2 (Second Quarter), etc.
U. S. Home Values (12 Month Appreciation or Depreciation) 0.3% (2011-Q4)
30 Year Mortgage Interest Rate: 4.34% (December, 2011)
15 Year Mortgage Rate: 3.86% (December, 2011)
Adjustable Rate Mortgage Rate: 3.40% (December, 2011)
Housing Starts (SSAR in 1000's): 523 (December, 2011)
Prime Interest Rate: 3.25% (December, 2011)
US unemployment rate (Overall): 9.93% (December, 2011)
US Inflation or Deflation (-): 1.08% (December, 2011)
Crude Oil Prices (Dollars per Barrel): $100.3 (December, 2011)
Natural Gas Prices (Dollars Per Million BTU): $2.90 (December, 2011)
U.S. Dollar Trade Weighted Currency Exchange Index: 104 (December, 2011)
GDP (Gross Domestic Product) SSAR in Trillions: $15.4 (2011-Q3)
GNP (Gross National Product) SSAR in Trillions: $15.3 (2011-Q3)
Federal Surplus or Deficit (-) in Billions: $-1704 (2011)
National Debt (Trillions): $15.0 (2011-Q3)
Fed Funds Rate: 0.19% (December, 2011)
S&P 500 (Standard & Poor's 500 Stock Index): 1191 (December, 2011)
DJIA (Dow Jones Industrial Average): 11102 (December, 2011)
U. S. Exports (SSAR in Billions): $1975 (2011-Q3)
U. S. Imports (SSAR in Billions): $2572 (2011-Q3)
U. S. Personal Savings Rate: 5.80% (December, 2011)
Commentary 5301
2nd Quarter, 2010 Data: Las Vegas, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Las Vegas Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Las Vegas-Paradise, NV, hereinafter referred to as "Las Vegas".
Last Quarter:
During the 2nd Quarter of 2010, Las Vegas Home Prices had a rank of 164,
with appreciation of -0.24%. The top performing real estate market during the
2nd Quarter was Cumberland, MD, with appreciation of 8.36%. The worst
market during that period was Ocala, FL, with appreciation of -9.09%.
The median appreciation for all cities during the 2nd Quarter was -0.47%. The
average appreciation for all markets during the quarter was -0.61%.
Last Year:
During the last 12 months, Las Vegas Home Prices had a rank of 371, with
appreciation during the year of -13.94%. The top performing market during the
last year was Lawton, OK, with appreciation of 4.9%. The worst real estate
market during that period was Bend, OR, with appreciation of -18.6%.
The median appreciation for all markets during this period was -3.88%. The
average appreciation was -4.53%.
Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2010, Las Vegas Home Prices
ranked 378, with a total appreciation of -45.0%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 56%. The
worst market during that period was Merced, CA, with appreciation of -57%.
The median appreciation for all cities during this time period was 6%. The
average appreciation over the 5 years was 1%.
Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2010, Las Vegas Home Prices
had a rank of 362, with appreciation during the decade of 8%. The top
performing market during the period was Ocean City, NJ, with appreciation of
108%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -20%.
The median appreciation for all markets during the last 10 years was 41%. The
average appreciation for the cities over that time frame was 42%.
Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2010, Las Vegas Home Prices
had a rank of 339, with total appreciation over the 20 year period of 40%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 256%. The worst market during the last 20 years was Merced,
CA, with appreciation of 18%.
The median appreciation for all cities during the last 20 years was 98%. The
average appreciation for the markets over that time frame was 103%.
Historical research data on the Home Price Index for the Las Vegas Real Estate
Market is available back to the 2nd Quarter, of 1978. The chart has been
updated through the 2nd Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Las Vegas. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
Commentary 4539
1st Quarter, 2010 Data: Las Vegas, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Las Vegas Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Las Vegas-Paradise, NV, hereinafter referred to as "Las Vegas".
Last Quarter:
During the 1st Quarter of 2010, Las Vegas Home Prices had a rank of 121, with
appreciation of -0.80%. The top performing real estate market during the 1st
Quarter was Punta Gorda, FL, with appreciation of 2.90%. The worst market
during that period was Gainesville, GA, with appreciation of -7.15%.
The median appreciation for all cities during the 1st Quarter was -1.32%. The
average appreciation for all markets during the quarter was -1.49%.
Last Year:
During the last 12 months, Las Vegas Home Prices had a rank of 378, with
appreciation during the year of -18.99%. The top performing market during the
last year was Pine Bluff, AR, with appreciation of 2.5%. The worst real estate
market during that period was Bend, OR, with appreciation of -23.0%.
The median appreciation for all markets during this period was -5.11%. The
average appreciation was -5.97%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2010, Las Vegas Home Prices
ranked 378, with a total appreciation of -42.1%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 57%. The
worst market during that period was Merced, CA, with appreciation of -49%.
The median appreciation for all cities during this time period was 8%. The
average appreciation over the 5 years was 5%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2010, Las Vegas Home Prices
had a rank of 363, with appreciation during the decade of 10%. The top
performing market during the period was Ocean City, NJ, with appreciation of
111%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -17%.
The median appreciation for all markets during the last 10 years was 44%. The
average appreciation for the cities over that time frame was 45%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2010, Las Vegas Home Prices
had a rank of 337, with total appreciation over the 20 year period of 44%. The
top performing real estate market during the period was Missoula, MT, with
appreciation of 269%. The worst market during the last 20 years was Modesto,
CA, with appreciation of 28%.
The median appreciation for all cities during the last 20 years was 100%. The
average appreciation for the markets over that time frame was 107%.
Historical research data on the Home Price Index for the Las Vegas Real Estate
Market is available back to the 2nd Quarter, of 1978. The chart has been
updated through the 1st Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Las Vegas. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
Commentary 3777
4th Quarter, 2009 Data: Las Vegas, Nevada
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of Las Vegas Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Las Vegas-Paradise, NV, hereinafter referred to as "Las Vegas".
Last Quarter:
During the 4th Quarter of 2009, Las Vegas Home Prices had a rank of 369, with
appreciation of -5.28%. The top performing real estate market during the 4th
Quarter was Laredo, TX, with appreciation of 7.71%. The worst market during
that period was Naples, FL, with appreciation of -8.03%.
The median appreciation for all cities during the 4th Quarter was -0.78%. The
average appreciation for all markets during the quarter was -0.92%.
Last Year:
During the last 12 months, Las Vegas Home Prices had a rank of 380, with
appreciation during the year of -19.30%. The top performing market during the
last year was Weirton, OH, with appreciation of 6.8%. The worst real estate
market during that period was Bend, OR, with appreciation of -20.6%.
The median appreciation for all markets during this period was -2.75%. The
average appreciation was -3.89%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2009, Las Vegas Home Prices
ranked 379, with a total appreciation of -39.7%. The top performing real estate
market during the 5 year period was Odessa, TX, with appreciation of 65%. The
worst market during that period was Merced, CA, with appreciation of -46%.
The median appreciation for all cities during this time period was 11%. The
average appreciation over the 5 years was 8%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2009, Las Vegas Home Prices
had a rank of 366, with appreciation during the decade of 13%. The top
performing market during the period was Ocean City, NJ, with appreciation of
123%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -14%.
The median appreciation for all markets during the last 10 years was 48%. The
average appreciation for the cities over that time frame was 50%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2009, Las Vegas Home Prices
had a rank of 336, with total appreciation over the 20 year period of 49%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 269%. The worst market during the last 20 years was Stockton,
CA, with appreciation of 35%.
The median appreciation for all cities during the last 20 years was 104%. The
average appreciation for the markets over that time frame was 112%.
Historical data on the Home Price Index for the Las Vegas Real Estate Market is
available back to the 2nd Quarter, of 1978. The chart has been updated
through the 4th Quarter of 2009. All calculations are based on the quarterly
value of the House Price Index for Las Vegas. Real estate appreciation figures
represent total appreciation over each time period. (Unless specifically stated,
the appreciation figures do not represent annual or quarterly rates of
appreciation.)
Commentary 3015
3rd Quarter, 2009 Data: Las Vegas, Nevada
The appreciation of Las Vegas Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performers as well as the average and median performance for all cities
during each time period. The following data and analysis pertain to Las
Vegas-Paradise, NV, hereinafter referred to as "Las Vegas".
Last Quarter:
During the 3rd Quarter of 2009, Las Vegas Home Prices had a rank of 381, with
appreciation of -8.45%. The top performer during the 3rd Quarter was
Hinesville, GA, with appreciation of 7.17%. The worst performer during that
period was Las Vegas, NV, with appreciation of -8.45%.
The median appreciation for all cities during the 3rd Quarter was -1.60%. The
average appreciation for all cities during the quarter was -1.74%.
Last Year:
During the last 12 months, Las Vegas Home Prices had a rank of 380, with
appreciation during the year of -22.46%. The top performer during the last year
was Wichita Falls, TX, with appreciation of 6.0%. The worst performer during
that period was El Centro, CA, with appreciation of -24.5%.
The median appreciation for all cities during this period was -1.89%. The
average appreciation was -3.28%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2009, Las Vegas Home Prices
ranked 378, with a total appreciation of -34.3%. The top performer during the 5
year period was Midland, TX, with appreciation of 72%. The worst performer
during that period was Merced, CA, with appreciation of -46%.
The median appreciation for all cities during this time period was 13%. The
average appreciation over the 5 years was 12%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2009, Las Vegas Home Prices
had a rank of 351, with appreciation during the decade of 19%. The top
performer during the period was Ocean City, NJ, with appreciation of 135%. The
worst performer during the 10 year time period was Detroit, MI, with
appreciation of -10%.
The median appreciation for all cities during the last 10 years was 51%. The
average appreciation for the cities over that time frame was 52%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2009, Las Vegas Home Prices
had a rank of 330, with total appreciation over the 20 year period of 60%. The
top performer during the period was Missoula, MT, with appreciation of 290%.
The worst performer during the last 20 years was Merced, CA, with appreciation
of 39%.
The median appreciation for all cities during the last 20 years was 108%. The
average appreciation for the cities over that time frame was 116%.
Historical data on the Las Vegas Home Price Index is available back to the 2nd
Quarter, of 1978. The chart has been updated through the 3rd Quarter of
2009. All calculations are based on the quarterly value of the House Price Index
for Las Vegas. Real estate appreciation figures represent total appreciation
over each time period. (Unless specifically stated, the appreciation figures do
not represent annual or quarterly rates of appreciation.)
Commentary 1872
2nd Quarter, 2009 Data: Las Vegas, Nevada
The appreciation of Las Vegas Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performers as well as the average and median performance for all cities
during each time period. The following data and analysis pertain to Las
Vegas-Paradise, NV, hereinafter referred to as "Las Vegas".
Last Quarter:
During the 2nd Quarter of 2009, Las Vegas Home Prices had a rank of 349,
with appreciation of -4.77%. The top performer during the 2nd Quarter was
Pine Bluff, AR, with appreciation of 3.15%. The worst performer during that
period was Madera, CA, with appreciation of -10.24%.
The median appreciation for all cities during the 2nd Quarter was -1.74%. The
average appreciation for all cities during the quarter was -2.05%.
Last Year:
During the last 12 months, Las Vegas Home Prices had a rank of 380, with
appreciation during the year of -26.21%. The top performer during the last year
was Elmira, NY, with appreciation of 4.5%. The worst performer during that
period was Merced, CA, with appreciation of -27.1%.
The median appreciation for all cities during this period was -1.83%. The
average appreciation was -3.91%.
Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2009, Las Vegas Home Prices
ranked 373, with a total appreciation of -16.7%. The top performer during the 5
year period was Odessa, TX, with appreciation of 74%. The worst performer
during that period was Merced, CA, with appreciation of -36%.
The median appreciation for all cities during this time period was 17%. The
average appreciation over the 5 years was 17%.
Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2009, Las Vegas Home Prices
had a rank of 320, with appreciation during the decade of 33%. The top
performer during the period was Ocean City, NJ, with appreciation of 146%. The
worst performer during the 10 year time period was Detroit, MI, with
appreciation of -2%.
The median appreciation for all cities during the last 10 years was 54%. The
average appreciation for the cities over that time frame was 57%.
Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2009, Las Vegas Home Prices
had a rank of 290, with total appreciation over the 20 year period of 82%. The
top performer during the period was Missoula, MT, with appreciation of 296%.
The worst performer during the last 20 years was Rochester, NY, with
appreciation of 47%.
The median appreciation for all cities during the last 20 years was 115%. The
average appreciation for the cities over that time frame was 126%.
Historical data on the Las Vegas Home Price Index is available back to the 2nd
Quarter, of 1978. The chart has been updated through the 2nd Quarter of
2009. All calculations are based on the quarterly value of the House Price Index
for Las Vegas. Real estate appreciation figures represent total appreciation
over each time period. (Unless specifically stated, the appreciation figures do
not represent annual or quarterly rates of appreciation.)
Commentary 729
1st Quarter, 2009 Data: Las Vegas, Nevada
The appreciation of Las Vegas Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performers as well as the average and median performance for all cities
during each time period. The following data and analysis pertain to Las
Vegas-Paradise, NV, hereinafter referred to as "Las Vegas".
Last Quarter:
During the 1st Quarter of 2009, Las Vegas Home Prices had a rank of 334, with
appreciation of -1.63%. The top performer during the 1st Quarter was Monroe,
MI, with appreciation of 10.96%. The worst performer during that period was
Port St. Lucie, FL, with appreciation of -6.30%.
The median appreciation for all cities during the 1st Quarter was 0.27%. The
average appreciation for all cities during the quarter was 0.41%.
Last Year:
During the last 12 months, Las Vegas Home Prices had a rank of 379, with
appreciation during the year of -29.52%. The top performer during the last year
was Elmira, NY, with appreciation of 9.3%. The worst performer during that
period was Merced, CA, with appreciation of -37.8%.
The median appreciation for all cities during this period was -1.04%. The
average appreciation was -3.47%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2009, Las Vegas Home Prices
ranked 366, with a total appreciation of -2.4%. The top performer during the 5
year period was Odessa, TX, with appreciation of 76%. The worst performer
during that period was Merced, CA, with appreciation of -29%.
The median appreciation for all cities during this time period was 22%. The
average appreciation over the 5 years was 23%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2009, Las Vegas Home Prices
had a rank of 299, with appreciation during the decade of 40%. The top
performer during the period was Ocean City, NJ, with appreciation of 162%. The
worst performer during the 10 year time period was Detroit, MI, with
appreciation of 6%.
The median appreciation for all cities during the last 10 years was 57%. The
average appreciation for the cities over that time frame was 62%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2009, Las Vegas Home Prices
had a rank of 263, with total appreciation over the 20 year period of 96%. The
top performer during the period was Casper, WY, with appreciation of 327%.
The worst performer during the last 20 years was Rochester, NY, with
appreciation of 49%.
The median appreciation for all cities during the last 20 years was 123%. The
average appreciation for the cities over that time frame was 135%.
Historical data on the Las Vegas Home Price Index is available back to the 1st
Quarter, of 1978. The chart has been updated through the 1st Quarter of 2009.
All calculations are based on the quarterly value of the House Price Index for
Las Vegas. Real estate appreciation figures represent total appreciation over
each time period. (Unless specifically stated, the appreciation figures do not
represent annual or quarterly rates of appreciation.)
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Appreciation Rankings: Las Vegas Home Prices