Monday, March 24, 2008

Latest Las Vegas Info

Housing & Real Estate

Sales Traq reported 901 new home closings in January 2008 at a median price of $275,000. Existing home closings totaled 1,061 for the month, with a median price of $247,000. Resale listings on the MLS decreased for the 5th consecutive month, and home prices are showing signs of stabilizing.

According to Applied Analysis, land prices in Las Vegas rose 21.8% in the fourth quarter of 2007 to $1.51 million per acre. Off-Strip prices reached $939,400 per acre, up 20.1% from the fourth quarter of 2006.

Population & Market Growth

Nearly 5,700 people surrendered out-of-state driver's licenses at the DMV in February 2008, bringing the 2008 new mover total to more then 11,000 per the Nevada Department of Motor Vehicles.

Viva Las Vegas!!!

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