| Repossessions, Short
Sales, Foreclosures |
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Phone: 800-458-3390
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Foreclosures
* Short Sales * Repossessions
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There are
Currently an Extraordinary Amount of Distressed Properties in the Las
Vegas Area.
This is Due to the Extraordinary Real Estate Market a Few Years Ago.
60% of Current
Nevada Foreclosures are Investment Properties.
90% of These Properties had Out-of-State Owners. |
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The Local Economy
in Las Vegas is Still Very Strong.
There is Currently $35.6 Billion in Construction on the Las Vegas Strip.
This will Add Up To More Than 31,000 Rooms.
An Estimated 106,000 Jobs will be Added by the Year 2012. |
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Right Now It Is
Definitely a "Buyer's Market" in Las
Vegas. |
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Available |
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Foreclosures |
Short Sales |
Repossessions |
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17,683 |
Single Family |
1,482 |
4,201 |
251 |
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3,361 |
Condominiums |
163 |
433 |
28 |
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1,338 |
Townhomes |
103 |
240 |
19 |
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22,382 |
TOTALS |
1,748 |
4,874 |
298 |
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22,382 |
Single Family *
Condominiums * Townhomes |
6,920 |
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100% |
PERCENTAGES |
8% |
22% |
1% |
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100% |
Single Family *
Condominiums * Townhomes |
31% |
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Properties Vary Greatly in Their Amenities and Prices. |
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Price Range |
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Minimum |
Maximum |
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Single Family |
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Foreclosures |
95,000 |
3,950,000 |
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Short Sales |
85,000 |
2,800,000 |
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Repossessions |
90,000 |
1,550,000 |
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Condominiums |
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Foreclosures |
70,000 |
599,000 |
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Short Sales |
70,000 |
1,100,000 |
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Repossessions |
100,000 |
799,000 |
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Townhomes |
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Foreclosures |
75,000 |
600,000 |
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Short Sales |
95,000 |
800,000 |
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Repossessions |
115,000 |
240,000 |
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