Economic Conditions for the Las Vegas Valley (includes Henderson & North Las Vegas)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Comments
11
Foreclosure/Short Sale Listings (5/15/2011): Total Listings 14096; Short Sales: 6660, 47% of all listings; Bank Owned Listings: 3077, 22% of all listings. Short sale and REO listings consume 69% of total listings New Home Sales (April 2011, units sold): 250 Year Change -37.0% (excl condo conversions, highrises) New Home Sales (April 2011, median price): $188,450 Year Change -3.3% (excl condo conversions, highrises) Existing Home Sales (April 2011, units sold): 3790 Year Change +3.4% Existing Home Sales (April 2011, median price): $111,200 Year Change: -13.1% New Home Permits (April 2011): 323 Year Change -32.8% Rental Rate (MLS Monthly Average March 2011): $1449/month My analysis: Distressed listings (foreclosures and short sales) are 69% of total listings. Units of homes sold impres...
