Economic Conditions for the Las Vegas Valley January 2012 (includes Henderson & North Las Vegas)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Foreclosure/Short Sale Listings (12/15/2011): Total Listings 11239; Short Sales: 5272, 47% of all listings; Bank Owned Listings: 2279, 20% of all listings. Short sale and REO listings consume 67% of total listings New Home Sales (November 2011, units sold): 356 Year Change -6.8% (excl condo conversions, highrises) New Home Sales (November 2011, median price): $204,221 Year Change +4.2% (excl condo conversions, highrises) Existing Home Sales (November 2011, units sold): 3784 Year Change +23.7% Existing Home Sales (November 2011, median price): $114,000 Year Change: -5.0% New Home Permits (November 2011): 250 Year Change +54.3% Rental Rate (MLS Monthly Average November 2011): $1328/month My analysis: Distressed listings (foreclosures and short sales) are 67% of total listings. Units of...
Comments
5