Last Month's Report on Las Vegas Valley Economic Conditions Housing Conditions:   Foreclosure/Short Sale Listings (1/15/2011): Total Listings 15409; Short Sales: 7724, 50% of all listings; Bank Owned Listings: 3368, 22% of all listings. Short sale and REO listings consume 72% of total listings New Home Sales (December 2010, units sold): 347 Year Change -27.3% (excl condo conversions, highrises) New Home Sales (December 2010, median price): $216,225 Year Change -0.3% (excl condo conversions, highrises) Existing Home Sales (December 2010, units sold): 3856 Year Change -11.8% Existing Home Sales (December 2010, median price): $119,000 Year Change: -3.3% New Home Permits (December 2010): 307 Year Change -13.5% Rental Rate (MLS Monthly Average Dec 2010): $1563/month  My analysis:  Distressed... 02/07/2011