SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Travis_Bickle who wrote (51137)3/30/2006 3:20:04 PM
From: MulhollandDriveRead Replies (3) | Respond to 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?



To: Travis_Bickle who wrote (51137)3/30/2006 4:15:22 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
Raw land in Las Vegas down 47% is a good start.

When this down-turn in real estate prices is over, raw land prices in Las Vegas will be down 98%, just like they were in 1993. Raw land in California will perform in a similar fashion.

Those who have spent a few years claiming that real estate never goes down in price, like Tradelite, are big-mouthed ignoramuses who understand virtually nothing about real estate.
.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News