Economic Conditions for the Las Vegas Valley May 2010
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Economic Conditions for the Las Vegas Valley April 2010 Housing Conditions: Foreclosure/Short Sale Listings (5/15/2010): Total Listings 9554; Short Sales: 4123, 43% of all listings; Bank Owned Listings: 1779, 19% of all listings. Short sale and REO listings consume 62% of total listings New Home Sales (Arpil 2010, units sold): 397 Year Change +22.2% (excl condo conversions, highrises) New Home Sales (April 2010, median price): $194,921 Year Change -9.6% (excl condo conversions, highrises) Existing Home Sales (April 2010, units sold): 3724 Year Change +2.0% Existing Home Sales (April 2010, median price): $128,000 Year Change: -1.5% New Home Permits (March 2010): 481 Year Change +39% Rental Rate (MLS Monthly Average April 2010): $1413/month My analysis: Distressed listings (foreclosur...