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By the Numbers:
Monday, June 8, 2009 | 2 a.m.
The maps below show median sale prices for single-family homes in each valley ZIP code from March 1 to May 31 of this year, and how they compare to prices during the same period in 2008. In some North Las Vegas ZIP codes the typical sale was for less than $50,000, a shadow of values even one year ago. Distressed properties dominate the market, driving prices down even as sales increase.
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89109 is the strip right? They have not made enough sales of the 1000s of new condos to access the value of the average property in the area? I know some of those condos are for sale and 1000s are coming up for sale soon.
Would love to see the results. I guess I get to wait.
Hi, goingbust. Thanks for your comment. 89109 does contained a large portion of the Strip, but this graphic only contains information on detached single-family residences. A fresh look at changes in the local condo market is something I hope to work on in the near future.
Alex, I would also love to see a similar study done on the condo market. This piece was very interesting however! Thanks!