Las Vegas Condos See Reduction In Price

June 29, 2006 Posted In Condos Update Economic News Las Vegas Info

There has been a new report released showing the difference in price for Las Vegas condos. Condos showed a decrease in asking price of 24% for the months of March to April.

Sales prices for units also lowered by 20%. There was an increase in the percent of the asking price that was paid in the month of April of 5%. Las Vegas square footage prices were reduced by 11.4% as well.

With the price reductions there was an increase of local condos sold in the month of April by 4.7%.

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