This handy dandy table was provided to me by one of my representatives at First American Title and shows the number of Southern Nevada properties that were scheduled for a Trustee Sale (auction in other states) by zip code for the month of May, 2008.
|
Zip
|
Count
|
Zip
|
Count
|
Zip
|
Count
|
Zip
|
Count
|
Zip
|
Count
|
|
89031
|
281
|
89139
|
114
|
89012
|
59
|
89134
|
33
|
89040
|
2
|
|
89123
|
268
|
89074
|
113
|
89113
|
55
|
89085
|
24
|
89105
|
2
|
|
89148
|
182
|
89117
|
106
|
89106
|
54
|
89146
|
24
|
89112
|
2
|
|
89015
|
181
|
89084
|
105
|
89120
|
53
|
89086
|
21
|
89137
|
2
|
|
89108
|
179
|
89149
|
103
|
89135
|
47
|
89027
|
20
|
89016
|
1
|
|
89110
|
161
|
89178
|
97
|
89044
|
44
|
89002
|
19
|
89025
|
1
|
|
89129
|
149
|
89030
|
90
|
89101
|
41
|
89166
|
17
|
89054
|
1
|
|
89052
|
140
|
89128
|
89
|
89143
|
41
|
89183
|
14
|
89078
|
1
|
|
89081
|
138
|
89107
|
84
|
89119
|
40
|
89169
|
13
|
89080
|
1
|
|
89131
|
135
|
89103
|
83
|
89102
|
37
|
89179
|
9
|
89127
|
1
|
|
89032
|
134
|
89142
|
81
|
89138
|
36
|
89005
|
6
|
89132
|
1
|
|
89122
|
126
|
89130
|
79
|
NO ZIP
|
36
|
89029
|
5
|
89152
|
1
|
|
89121
|
123
|
89156
|
73
|
89109
|
35
|
89021
|
4
|
|
|
|
89141
|
119
|
89014
|
67
|
89118
|
35
|
89019
|
3
|
|
|
|
89147
|
119
|
89104
|
64
|
89144
|
35
|
89111
|
3
|
|
|
|
89115
|
116
|
89145
|
62
|
89011
|
34
|
89007
|
2
|
|
|
*Provided by First American Title - Deemed Reliable but Not Guaranteed
|
IMPORTANT INFO!
1) If you are a Las Vegas home owner in one of the zip codes with the higher numbers, Don't Freak Out!
2) If you are looking to purchase Las Vegas Real Estate, it does not mean avoid the zip codes with higher numbers!
Las Vegas Real Estate professionals that know what's going on and what all of these numbers mean should certainly be able to explain to you what they really mean. With all of the misconceptions out there about foreclosures, appreciation rates and Las Vegas depreciation rates, working with an Experienced Las Vegas real estate expert can certainly help you wade through the haze of confusion that can't easily be explained in an article designed to sell advertising space in the publication it's written in.
A dramatic headline and a couple of quotes in the mainstream media often make me wonder if the person being quoted understands what a market correction is in the first place and when you get down to it, that's really what this is all about. It's not about tighter lending standards (yes - it is tighter then '03 through '06) but more about easy lending standards that created high prices in the first place.
For your Las Vegas Real Estate needs and avoiding borderline fiction, you can contact me directly with the contact information provided below.
Paul Francis, CRS
Coldwell Banker Premier
Las Vegas Real Estate
702.592.3058
What's Your Las Vegas Home Value?
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