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Pahrump Sales Remain Strong Despite COVID

by Administrator on Jul 3, 2020 Market Conditions Articles 104 Views

Pahrump single-family residential (SFR) home sales volume, has remained strong through May but may suffer a decrease in June of 2020 based on a review of Nye County statistics.  Nye County average sales price has however increased in the June projection.
 
Also reviewed was the GLVAR sales data which included both standard SFR homes and manufactured homes.  The GLVAR data indicated a strong increase in Pahrump sales through June of 2020 and a steady increase in prices between February 2020 and June 2020.

The COVID pandemic appears not to have had a significant negative impact on the Pahrump SFR real property market with the exception being that the non-manufacture home sales volume appears to be down in June, 2020.

Pahrump Sales Volume

I have not completed an analysis on vacant land or commercial sales, however the sale of properties in those categories in Clark County have been down significantly.

For more appraisal information contact Glenn J. Rigdon MA, MRICS, IFAS, ASA who is a Las Vegas / Henderson Nevada based broker and appraiser who can be contacted via email or via his business website known as Appraiser Las Vegas  (http://www.appraiserlasvegas.com), or http://www.horizonvillageappraisal.com, or you can also click on “Contact Us” on the home page of this website or visit my public profile at LinkedIn at http://www.linkedin.com/pub/glenn-rigdon-ma-mrics-asa/1a/30b/879/

Article source: http://www.appraisalarticles.com/General-Appraisal-Articles/Market-Conditions-Articles/4759-Pahrump-Sales-Remain-Strong-Despite-COVID.html

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