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)
Foreclosure/Short Sale Listings (3/15/2011): Total Listings 14443; Short Sales: 7421, 51% of all listings; Bank Owned Listings: 2587, 18% of all listings. Short sale and REO listings consume 69% of total listings New Home Sales (February 2011, units sold): 237 Year Change -26.4% (excl condo conversions, highrises) New Home Sales (February 2011, median price): $193,000 Year Change -7.5% (excl condo conversions, highrises) Existing Home Sales (February 2011, units sold): 3250 Year Change +8.6% Existing Home Sales (February 2011, median price): $115,000 Year Change: -7.3% New Home Permits (February 2011): 236 Year Change -50.2% Rental Rate (MLS Monthly Average Feb 2010): $1501/month My analysis: Distressed listings (foreclosures and short sales) are 69% of total listings. Units of hom...