Mesquite Market Quarterly - 01/29/08 10:11 AM
Fourth Quarter 2007
By Chris W. Miller ABR, CRS, GRI
  New home building permits issued by the City of Mesquite went up; 114 issued in 2007 Q4 compared to 42 in 2006 Q4. For the year permits increased from 262 in 06 to 463 in 07 or 76% more. This increase is compounding the market slow down and pushing prices down across the board. Listed "for sale" inventory grew faster than 4 to 1 compared to "sold and closed" units.  Based on December closings as an absorption rate there is a 30 month supply sitting out there, many are vacant.
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Chris Miller Nevada Land and Farm Agent

Mesquite, NV

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Vegas Grand Realty and Property Management

Address: 8275 S. Eastern Ave. #111, Las Vegas, NV, 89123

Office Phone: (702) 525-0585

Cell Phone: (435) 862-5951

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Nevada Land and Water Rights, including Nevada irrigated Land For Sale. Market Information designed to help consumers make good decisions. Nevada farm and ranch land market including land with water rights. Farms and ranches for sale, water rights transfers, pipelines etc.


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