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Real Estate Guide 2007
Analysis by region
National statistics are meaningful, but in real estate "location, location, location" means local trends trump all.
Analysis by region
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Las Vegas
Price comparison 2006-2007: Still overpriced but prices falling
Buyers who waited until this year will be able to get more for the money, says Realtor Gavin Ernstone with Re/Max Associates. Last year, the median home price in the Las Vegas area was $315,900. This year it slid to $313,500.

"You'll be looking at the same house, but maybe with a pool or an additional bedroom or in a nicer area," he says. But if you have your heart set on a condo, you might be out of luck. Similar to last year, there really aren't many listings in the $400,000 price range, Ernstone says. "They're either way above or way below."

But, as far as single-family homes, he says, "There is an enormous amount of properties on the market at the moment."
Las Vegas
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Property value: $374,950

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Property description

This home in a planned community on the west side of Las Vegas features a "very bright and open floor plan. Built in 1997, it has 18-foot vaulted ceilings and a huge living room. It also boasts a big kitchen and a very private yard with a covered patio. The master bath has an oversized tub and a walk-in closet.
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Amenities

4 bedrooms, 3 baths

2,017 square feet

3-car garage

Features: Tiled kitchen counters, Pergo flooring on main level, covered patio and an oversized master tub.
Click on a photo to see detail.
  


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Mortgages
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 3.99%
15 yr fixed mtg 3.06%
5/1 ARM 3.20%
Rates may include points
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