Let's look at the map below. You'll notice numbers in different areas of town. Those numbers are probably not something you've seen before. However, these numbers are how real estate agents have sectioned the valley.
First, let's find your are on the map; be sure to remember the correlating code.
Next, let's look at the sales in your particular area.
You'll get to see how your particular area of town relates to the overall Las Vegas Statistics.
As a reminder...
Las Vegas Area | November 2020
Median Sold Price = $340,200
*Median is the middle number
Average Sold Price = $414,823
*Average is the sum of the numbers divided by how many numbers are being averaged
The fact that the Average is so much higher than the Median tells us that there were more higher priced homes selling this month, bringing UP the average.
