Median home prices for May continued the path downward, as did the actual number of homes sold.  We have heard reports that over 10,000 homes are sitting vacant in Las Vegas. 

Here is how the median prices break down:

Condo Buyers are in a very strong position when negotiating a purchase.  Original builders are not always agreeable to negotiations for basic purchase prices; they would prefer to offer incentives such as upgraded carpeting or appliances. There are, however, many vacant and bank-owned condos currently for sale in Las Vegas. And many of them have never been lived in so they are essentially "new" condos -- which a buyer can purchase at a "used" price.  

For information about small lot sizes, click here.

Two most desirable neighborhoods: The two neighborhoods identified by Las Vegas real estate agents in a recent survey as most desirable:  Desert Shores and Summerlin.  Both are quiet and beautiful neighborhoods -- and just minutes from all the excitement and glamour of The Strip.

To view a luxurious home in Desert Shores click here.

Where In The Valley Is It? To identify the location of Las Vegas Valley neighborhoods, click on this map.  Then go onto the Neighborhood Tour.  It is approximately 15 miles from The Strip to the edge of the map.  

North is to the right on this map. Click to enlarge.

 

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