Economic Conditions for the Las Vegas Valley August 2010 (includes Henderson & North Las Vegas)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Economic Conditions for the Las Vegas Valley July 2010 Housing Conditions: Foreclosure/Short Sale Listings (8/15/2010): Total Listings 13902; Short Sales: 6144, 44% of all listings; Bank Owned Listings: 2738, 20% of all listings. Short sale and REO listings consume 64% of total listings New Home Sales (July 2010, units sold): 323 Year Change -14.6% (excl condo conversions, highrises) New Home Sales (July 2010, median price): $195,000 Year Change -5.2% (excl condo conversions, highrises) Existing Home Sales (July 2010, units sold): 3611 Year Change -17.8% Existing Home Sales (July 2010, median price): $123,400 Year Change: -1.3% New Home Permits (July 2010): 371 Year Change -17.9% Rental Rate (MLS Monthly Average June 2010): $1410/month My analysis: Distressed listings (foreclosures ...
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