Aundrea Beach-Greco Mortgage Blog

February 18th, 2011 6:48 PM

Thanks to my referral partners in the title business, I wanted to share some valuable information...

Of 56 ZIP codes in the Las Vegas Valley, 13 showed appreciation in home values, two were flat and 30 had depreciation limited to single digits.

That's welcome news from 2009 when every ZIP code showed depreciating values and the average decline was 23 percent.

Highlights 

  • The hardest hit Homeowners where in ZIP code 89119 around McCarran International Airport. The median home price dropped 24 percent, or $20,000, last year to $65,000.
  • Runner-up was ZIP code 89015 in Henderson, which saw a decrease of 17 percent, or $20,504. The median home price went to $99,496.
  • In terms of absolute value, homes in ZIP code 89144 in the Summerlin community lost $21,500, or 12 percent, to $163,500.
  • On the plus side, top gainer was ZIP code 89030 in the middle of North Las Vegas posting an 11 percent increase in home values.

  • Plus side runner up 89109 around the Las Vegas Country Club, also posting an 11 percent increase in home values. ZIP code 89109 led Las Vegas with a 60 percent decline in 2009.

Click here for 4th Quarter 2010 Depreciation Map


Click here for 4th Quarter Housing Stats

Link to read the full article
:
http://www.lvrj.com/business/parts-of-valley-see-improvements-in-home-prices-in-2010-116105684.html

Enjoy-
Aundrea


Posted by Aundrea Beach-Greco on February 18th, 2011 6:48 PMPost a Comment (0)

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