Las Vegas condos and townhomes are showing a slowdown than detached houses. Distressed transactions are also taking a larger share of sales, although the numbers remain far below anything resembling a foreclosure wave. September figures from Las Vegas REALTORS show condo and townhome sales fell 12.6% from a year earlier, compared with a 7.4% decline for single family homes. The combined dollar value of condo and townhome transactions dropped 14.4%. That is weakening activity, not a 14.4% collapse in condo…
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Las Vegas Condos Are Losing Buyers Faster. A Small Rise in Distressed Sales Adds Another Warning.
Las Vegas condos and townhomes are showing a slowdown than detached houses. Distressed transactions are also taking a larger share of sales, although the numbers remain far below anything resembling a foreclosure wave.
