TITLE

Valley land values fall 14.1 percent

AUTHOR(S)
ILLIA, TONY
PUB. DATE
June 2011
SOURCE
Las Vegas Business Press (10712186);6/13/2011, Vol. 28 Issue 24, pP10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on a 14.1 percent year-to-year decrease in vacant Southern Nevada property prices in the first quarter of 2011. Las Vegas-based business advisory firm Applied Analysis says this is due to foreclosures, distressed sales and dampened demand. Applied Analysis principal Brian Gordon says as more raw land is returned to lenders or sold through distressed transactions, pricing will continue to be impacted.
ACCESSION #
61902251

 

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