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)
Last Month's Report on Las Vegas Valley Economic Conditions Housing Conditions: Foreclosure/Short Sale Listings (12/15/2010): Total Listings 15666; Short Sales: 7817, 50% of all listings; Bank Owned Listings: 3409, 22% of all listings. Short sale and REO listings consume 72% of total listings New Home Sales (October 2010, units sold): 305 Year Change -30.8% (excl condo conversions, highrises) New Home Sales (October 2010, median price): $208,000 Year Change +1.5% (excl condo conversions, highrises) Existing Home Sales (October 2010, units sold): 3266 Year Change -23.2% Existing Home Sales (October 2010, median price): $119,000 Year Change: -4.8% New Home Permits (SOctober 2010): 280 Year Change -21.6% Rental Rate (MLS Monthly Average Dec 2010): $1184/month My analysis: Distressed li...