Economic Conditions for the Las Vegas Valley October 2011 (includes Henderson & North Las Vegas)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Foreclosure/Short Sale Listings (8/15/2011): Total Listings 13073; Short Sales: 6021, 46% of all listings; Bank Owned Listings: 3060, 23% of all listings. Short sale and REO listings consume 69% of total listings New Home Sales (August 2011, units sold): 366 Year Change -+9.9% (excl condo conversions, highrises) New Home Sales (August 2011, median price): $197,490 Year Change -1.9% (excl condo conversions, highrises) Existing Home Sales (August 2011, units sold): 4363 Year Change +49% Existing Home Sales (August 2011, median price): $107,000 Year Change: -12.3% New Home Permits (August 2011): 331 Year Change -14.2% Rental Rate (MLS Monthly Average July 2011): $1434/month My analysis: Distressed listings (foreclosures and short sales) are 69% of total listings. Units of homes sold is ...
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