Las Vegas bank-owned home prices rose 4% over the past month. For those of you not following me on Twitter yet, you are missing out on important “snapshots” of the Las Vegas real estate market. 

REO sales prices rose from $126,372 in March to $131,756 in April.  This reverses the downward trend in REO prices that have set the “floor” for home prices in the Las Vegas area for several years.

It appears that banks are now asking higher list prices for REOs, and accepting an average of 1.03% of list price. This is down, and appears to be the result of fewer active buyers making offers right now. Buyers can still expect to pay a little above list on average for an REO.

Short sale prices have risen slightly as well. Private party sale prices have dropped slightly.