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Lisa Hendley

Values in Lake Las Vegas Falls Subdivision

07-18-10
Lisa Hendley

Lake Las Vegas has experienced significant downturns in value with the recession. The market has created values in Lake Las Vegas as never seen before in this area. We have identified single family homes that are priced approximately 63% lower than their original values 2 to 4 years ago as well as more statistics to give you a "birds eye view" of one of the subdivisions. Some analyst expect Las Vegas to experience another downturn within the coming months due to the overwhelmingly high rate of unemployment and foreclosures in our market.

Lake Las Vegas has 19 distinct neighborhoods surrounded by a 320 acre lake with a Mediterranean theme . We will focus on the Falls Subdivision today.

Stats for Lake Las Vegas-FALLS SUBDIVISION:

AVAILABLE SINGLE FAMILY HOMES in Lake Las Vegas

PRICE

STATISTICS:

Living Square Footage:

List Price:

Cumulative Days on the Market:

AVERAGE:

2261

$239.560

98

MINIMUM:

1360

$175,000

4

MAXIMUM:

2035

$304,900

216

MEDIAN:

1360

$237,000

57

HOMES IN SOLD in the FALLS in Lake Las Vegas

PRICE

STATISTICS:

Living Square Footage:

SOLD Price:

Cumulative Days on the Market:

Price per Sq. Ft:

AVERAGE:

2346

$252,488

59

$113

MINIMUM:

1740

$230,000

0

$69

MAXIMUM:

3397

$315,000

165

$137

MEDIAN:

2035

$237,500

27

$114

The Falls has 97 single family homes with options for Golf Course views.

Call Lisa Hendley at 702.328.5472for questions or more information on Lake Las Vegas or any other Las Vegas and Henderson Communities.

LISA HENDLEY
Hendley LLC
"You Matter to Us!"
Direct: 702-328-5472
Keller Williams Realty-The Marketplace I
1333 N. Buffalo Av., Ste. 270,
Las Vegas, NV 89128
Fax: 888-654-2009
email: hendley777@yahoo.com