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Clark County Home Selling Report for February 2009

March 12th, 2009

Clark County Home Selling  Report for Residential sales volume for February 2009 is up 17% from January 2009

All Sales
(vs. Year-to-date 2008)

Residential sales volume: off 43% to $117 million

Residential transactions: down 33% to 465

Mobile home sales on land: off 63% to $855,900

Land sales: decreased 78% to $9 million

Commercial volume: off 55% to $31 million

Sales of existing residences up 10% in units sold in February 2009 from January 2009
Existing Home Sales
(vs. Year-to-date 2008)

Units sold: off 24%; volume: off 35% to $93 million

373 units sold this year vs. 490

Average price: $250,624, off 15%

Half homes (median) sold for more than $222,000, off 9%

Average $/SF for homes sold at $128.50 (all sales), off 19%

Range with best sales: $200,001 – $225,000, with 29.5 monthly

Second best range: $225,001 – $250,000 with 21.5 per month

5.5 acreage parcels sold monthly, unchanged from last year; average price, $143,471, off 23%
Acreage Sales
(vs. 2008
)

17 existing homes sold per month, off 41%

The average price: $346,948, off 30%

Median price for existing homes: $326,810, off 22%

3.5 per month, up 31%, new single family homes sold

Average price: $246,989, off 33%; median price for new homes: $291,300, off 18%

Average lot sizes, for existing homes: 3.6 acres, off 18%; new: 4 acres, off 11%

The $/SF for existing homes: $162.25, off 15%; new: $124.45, off 17%

Average residence: $252,286, off 14%

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