For the latest analysis of the Las Vegas Real Estate Market, be sure to visit Forrest Barbee's post:
Las Vegas Real Estate Market January 2009
Some of the highlights include:
Bank owned REO sales remain at seventy-five percent (75%) of all residential closings. The number of available listings dipped slightly for single family residences. The current Greater Las Vegas stats related to financing - and they are a dramatic shift from just a few, short months ago - are:
- Cash 22% Average Sale Price = $173,182
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Conv 33% Average Sale Price = $238,951
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FHA 38% Average Sale Price = $180,459
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VA 8% Average Sale Price = $203,548
Make sure to download the Single Family Closing for 2004 - 2008 for an interesting look back at the monthly and annual closed sales since 2004.
For all the details - read the full post
Las Vegas Real Estate Market January 2009
