New home prices top $300,000

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Tuesday, April 19, 2005 | 11:11 a.m.

The median price of a new house in the Las Vegas Valley reached $304,700 in March, an increase over February when the median price was $286,805, research firm SalesTraq reported Monday. Both numbers do not include apartment-to-condo conversions, which are classified as new home sales, SalesTraq reported.

When apartment-to-condo conversions are included into the equation, the median price of a new house in March was $291,000, SalesTraq reported.

The median price of an existing house in March reached $265,000, a slight increase over February when the median price was $261,500, the company reported.