June 26, 2009
Henderson homes better in down turn!
I was recently sent a written interview by an international investor publication concerning investing in Henderson real estate. I have included both the questions and answers in this series of articles on Henderson Home investment opportunities.
Allison (Question): How has Henderson weathered the real estate downturn?
June 2006- Henderson Median price of a single family home Sold was $315,000
June 2009- Henderson Median price of a single family home Sold was $206,636
A difference of <$108,364> or a loss in value since the top of the market of 34.5%.
June 2006- Greater Las Vegas Median price of a single family home including Henderson $315,000
June 2009- Greater Las Vegas Median price of a single family home including Henderson $140,000
A difference of <$175,000> or a loss in value since the top of the market of 55.6%.
If we were to remove Henderson from the Greater Las Vegas statistics the Las Vegas losses would be even greater. The Henderson market lost less value because of its desirability in the market place to home owners and investors and is a more stable market.
The next installment will answer the following questions:
3) What is the foreclosure picture?
4) I know Henderson is a nearby “neighbor” market of Las Vegas. How is it doing in comparison to Vegas, particularly in the wake of the real estate fallout?
