Las Vegas Sun

November 22, 2009

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BY THE NUMBERS:

Drop in median price paid per square foot

Image

Alex Richards

Monday, Sept. 22, 2008 | 2 a.m.

Comparing recorded single-family home sales in June, July and August 2007 with the same period in 2008

Discussion: 2 comments so far…

  1. By VegasRepos
    9/22/08 at 7:27 a.m.
    Suggest removal

    The drop in the average price per square foot is amazing. For many homeowners the drop is certainly a very big negative however the silver lining to this cloud is that homes are once again very affordable and the issue of workers being priced out of the market is all but gone. In some areas homes can now be bought in the $70 per square foot range, well below replacement cost. For more speicific details see:

    http://www.VegasRepos.com

  2. By RPJ
    9/22/08 at 7:45 a.m.
    Suggest removal

    If we look at historical Vegas appreciation (3%) we're still way ahead of the game.

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