Las Vegas April 2007 Home Sales

May 25, 2007

Las Vegas region home sales fell to a seven-year low in April as prices continued to stagnate, a real estate information service reported.

The median price paid in the Las Vegas-Paradise metro area (Clark County) for all homes combined was $300,000. That was up slightly from $295,000 in March but flat compared with $300,000 in April 2006, according to DataQuick Information Systems of La Jolla, Calif. The firm tracks real estate trends nationally via public property records.

The March median had fallen 1.3 percent below the year-ago figure, marking the region's first such year-over-year decline for any month since September 1992.

The metro area's once-blistering real estate market saw annual gains in its median price as high as 40.1 percent in September 2004. The median itself peaked at $312,000 in November 2006. It's been a year since the median posted a double-digit annual gain.

A total of 4,069 new and resale houses and condos sold in the Las Vegas metro area in April. That was down 13.8 percent from 4,721 in March and down 38.9 percent from 6,663 in April 2006. Last month's sales total was the lowest for any April since 3,021 sales in April 2000.

Las Vegas region sales have fallen on a year-over-year basis for the past 15 months.

Las Vegas-Paradise, NV
	# sales			Median price
	Apr-06	Apr-07	%Chg	Apr-06	Apr-07	%Chg
Resale houses	3,189	1,982	-37.80%	$305,000	$306,000	0.30%
Resale condos	761	449	-41.00%	$196,000	$200,000	2.00%
New homes	2,713	1,638	-39.60%	$329,500	$319,400	-3.10%
All homes	6,663	4,069	-38.90%	$300,000	$300,000	0.00%

Media calls: Andrew LePage (916)456-7157 or John Karevoll (909) 867-9534

Copyright 2005 DataQuick Information Systems.
All rights reserved.

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California January 2008 Home Sale Report February 18, 2008 Bay Area home sales lowest for any month in two decades February 14, 2008 Southland home sales slowest for any month in 20 years February 13, 2008 California Foreclosure Activity Still Rising January 22, 2008 California December 2007 Home Sale Report January 17, 2008 Bay Area home sales drag along bottom, median price back to 2005 level January 17, 2008 Continued nose-dive for Southland home sales January 15, 2008 Las Vegas November 2007 Home Sale Report December 31, 2007 Phoenix Novemmber 2007 Home Sale Report December 31, 2007 California November 2007 Home Sale Report December 21, 2007 Bay Area home sales stuck at two-decade low; price picture mixed December 20, 2007 Southland prices fall again; sales perk up December 18, 2007 California October 2007 Home Sale Report November 15, 2007 Bay Area home sales drag along bottom November 15, 2007 Southland home sales plummet November 14, 2007 Las Vegas September 2007 Home Sale Report November 7, 2007 Phoenix September 2007 Home Sale Report November 7, 2007 Record California Foreclosure Activity October 26, 2007 California September 2007 Home Sale Report October 22, 2007 Bay Area home sales plummet amid mortgage woes October 18, 2007 September Southland home sales lowest in more than 20 years October 16, 2007 Portland August 2007 Home Sale Report October 3, 2007 Seattle August 2007 Home Sale Report October 1, 2007 Sarasota August 2007 Home Sale Report September 28, 2007 Miami August 2007 Home Sale Report September 28, 2007 Las Vegas August 2007 Home Sale Report September 24, 2007 Phoenix August 2007 Home Sale Report September 24, 2007 California August 2007 Home Sale Report September 17, 2007 Bay Area home sales slowest since early 1990s, flat prices September 13, 2007 SoCal home sales at 15-year low, prices edge down September 12, 2007 California July 2007 Home Sale Report August 17, 2007 Bay Area home prices steady, slow sales August 15, 2007 Southland home sales slowest since 1995 August 14, 2007 Portland June 2007 Home Sale Report August 10, 2007 Denver June 2007 Home Sale Report August 10, 2007 Seattle June 2007 Home Sale Report August 10, 2007 Las Vegas June 2007 Home Sale Report August 10, 2007 Phoenix June 2007 Home Sale Report August 10, 2007 Sarasota June 2007 Home Sale Report August 10, 2007 Miami June 2007 Home Sale Report August 10, 2007 California Foreclosure Activity Continues to Rise July 24, 2007 California June 2007 Home Sale Report July 20, 2007 Bay Area home sales still slow, prices up July 18, 2007 Southland home sales slowest since 1993 July 17, 2007 Denver May 2007 Home Sale Report June 27, 2007 Seattle May 2007 Home Sale Report June 27, 2007 Las Vegas May 2007 Home Sale Report June 27, 2007 Phoenix May 2007 Home Sale Report June 27, 2007 Miami May 2007 Home Sale Report June 27, 2007 California May 2007 Home Sale Report June 15, 2007 Bay Area home sales drop, prices up June 14, 2007 Continued slow for Southland home sales June 13, 2007 Portland April 2007 Home Sale Report May 28, 2007 Denver April 2007 Home Sale Report May 28, 2007 Seattle April 2007 Home Sale Report May 28, 2007 Las Vegas April 2007 Home Sale Report May 21, 2007 Phoenix April 2007 Home Sale Report May 21, 2007 Miami April 2007 Home Sale Report May 21, 2007 Sarasota April 2007 Home Sale Report May 21, 2007 California April 2007 Home Sale Report May 16, 2007 Bay Area home sales drop, prices up May 16, 2007 Further slowdown for Southland home sales May 15, 2007 Miami March 2007 Home Sale Report May 4, 2007 Sarasota March 2007 Home Sale Report May 4, 2007 California Foreclosure Activity Jumps Again April 16, 2007 California March 2007 Home Sale Report April 12, 2007 Slow sales, record median for Southland homes April 12, 2007 Bay Area home prices up, sales still slow April 12, 2007 Portland February 2007 Home Sale Report April 10, 2007 Denver February 2007 Home Sale Report April 10, 2007 Seattle February 2007 Home Sale Report April 5, 2007 Las Vegas February 2007 Home Sale Report April 3, 2007 Phoenix February 2007 Home Sale Report April 3, 2007 Miami February 2007 Home Sale Report April 3, 2007 Sarasota February 2007 Home Sale Report April 3, 2007 California February 2007 Home Sale Report March 16, 2007 Bay Area home sales lowest since 1996, prices still flat March 15, 2007 Southland home sales slowest in a decade; new price peak March 14, 2007 Steep drop in sales of California vacation homes February 22, 2007 California January 2007 Home Sale Report February 15, 2007 Bay Area home prices edge down, slowest sales in eleven years February 15, 2007 Southland home sales: Slowest January since 1998, stable prices February 14, 2007 California Foreclosure Activity Jumps Again January 24, 2007 California December Home Sale Report January 17, 2007 Bay Area home prices flat, slow sales January 17, 2007 Southland home sales: New price peak, slowest December in ten years January 16, 2007 California November Home Sale Report December 15, 2006 Bay Area home prices decline, sales at five-year low December 14, 2006 Southland home sales slowest since 1997 December 13, 2006 California October Home Sale Report November 16, 2006 Bay Area home sales slow, prices flat November 15, 2006 Southland home sales slow to ten-year low November 14, 2006 Steep Increase in California Foreclosure Activity October 18, 2006 California September Home Sale Report October 17, 2006 Bay Area home prices decline, sales slow October 17, 2006 Continued slowdown for Southland home sales October 12, 2006

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