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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Travis_Bickle who wrote (51137)3/30/2006 3:20:04 PM
From: MulhollandDriveRead Replies (3) of 306849
 
LV land prices drop 47 percent in fourth quarter

Average cost for acre hits $376,200

By HUBBLE SMITH
REVIEW-JOURNAL

Housing prices are flat, high-rise condo projects are canceling sales, and now land values have dropped by almost half in Las Vegas, local research firm Applied Analysis reported.


dropped by nearly half, and yet, is it just me or does $376200 seem a tad high for an acre in the desert?
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