Economic Conditions for the Las Vegas Valley March 2012 (includes Henderson & North Las Vegas)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Foreclosure/Short Sale Listings (2/15/2012): Total Listings 9180; Short Sales: 4156, 45% of all listings; Bank Owned Listings: 1703, 19% of all listings. Short sale and REO listings consume 64% of total listings New Home Sales (January 2012, units sold): 216 Year Change -3.6% (excl condo conversions, highrises) New Home Sales (January 2012, median price): $207,000 Year Change -0.2% (excl condo conversions, highrises) Existing Home Sales (January 2012, units sold): 3483 Year Change +25.0% Existing Home Sales (January 2012, median price): $108,000 Year Change: -9.2% New Home Permits (January 2012): 317 Year Change -45.2% Rental Rate (MLS Monthly Average January 2012): $1447/month My analysis: Distressed listings (foreclosures and short sales) are 64% of total listings. This is going d...