ranking real estate

Las Vegas Recently Sold Homes

Las Vegas Recently Sold Homes

Las Vegas Summary
The median sales price for homes in Las Vegas NV for Aug 09 to Oct 09 was $130,000. This represents a decline of 2.6%, or $3,500, compared to the prior quarter and a decrease of 31.2% compared to the prior year. Sales prices have depreciated 51.3% over the last 5 years in Las Vegas.

The average listing price for Las Vegas homes for sale on Trulia was $285,089 for the week ending Nov 04, which represents a decline of 1.9%, or $5,431, compared to the prior week and a decline of 3.1%, or $9,271, compared to the week ending Oct 14. Average price per square foot for Las Vegas NV was $104, a decrease of 22.4% compared to the same period last year. Popular neighborhoods in Las Vegas include Las Vegas, Summerlin, Sunrise Manor, Spring Valley, Summerlin South, and Winchester.

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Zillow Home Index for various Las Vegas, NV neighborhoods

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Zillow Home Value Index for the past 10 years of the following Metro Areas – Honolulu, Las Vegas, Los Angeles and San Francisco.

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RT @LVSunBusiness: County building permit valuation plummets 88 percent: The pinch of the valley’s economic slowdown… http://bit.ly/PZY0H

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RT @csmlibrary: US #foreclosure crisis, concentrated in AZ, CA, FL & NV, spilling into neighbor states -http://tr.im/foreclosures

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RT @mymiaomiao: REAL ESTATE: Outlook for LV housing grim http://bit.ly/1tTS7E

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Round and round we go. The first time I’ve been able to get on my laptop since last Thursday. Pleasure and Play in Vegas and a lot of posts to write, but no time now. For now, I am in Orange County and have only a few minutes.

Quick thoughts…

1) The Mandarin Hotel on the Strip is amazing. It is something different… more Wynn then Bellagio.
2) Planet Hollywood selling Fractionals… That really makes sense and I wonder if we will start to see a lot more Fractional properties on the Strip. It really makes sense.
3) A lot of Vacancy in the Commercial market, although it looks more like a Tenant issue rather then anything such as location or property condition. If one Anchor goes, so does the rest of the property, especially in this market. I could be wrong, but really there seemed to be no reason why some properties seemed healthy and vibrant while other’s were virtual ghost towns.
4) There is a lot of activity in the Residential market, especailly in the Under $200k range.

So much more to comment on, but I am in the OC now and its been awhile since I’ve been here. Will be meeting with a few acquaintances over the next few days… very excited to see what might be happening here…

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Planet Hollywood Fractionals and Henderson, NV SFR today… Ok maybe some of this product is interesting.

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