Comments on: Las Vegas- Median Prices Back to Summer 2005 Levels

By: twist

twist — Fri, 08 Jun 2007 21:21:19 +0000

Zovall-

I have Excel 2007, so I can do a few more tricky things with gradients [multiple stops] than I could with the old version.

There’s a lot of fun stuff you can do with ’97 though if you mess around with it enough. Once you do the plain vanilla graph, try right clicking on say either the chart area or the graph itself, then choose “format”- [I think it's the bottom choice- I've been on the new version for a few months though.

Once you’re there you can mess with colors, gradients etc. It’s more fun than a regular graph!

By: zovall

zovall — Thu, 07 Jun 2007 14:59:18 +0000

Excellent work! I’m not too familiar with the Vegas market and so this really helped me see where things have been and where they are headed.

The graphs are purdy Any tips on making them? I made some for the Irvine market a few months ago and they were standard Excel fugly.

By: rogersmith8080

rogersmith8080 — Wed, 06 Jun 2007 17:35:55 +0000

From your graph it is clear that we have been following the seasonal ups and downs with a strong downward trend. Thus in Aug-Sep is seasonally when the prices drop considerably, as luck would have it that is also when most of this year’s resets will take place. I think it will be a good idea to invest in companies that sell anti-depressions I cannot imagine getting through to November and not having the market come crashing down. It will be a golden age for the Repo man.

-Just my two cents

By: toysarefun

toysarefun — Wed, 06 Jun 2007 14:09:43 +0000

Anyone hear about all the banks that are going to go under in 2009? Just heard the rumor last night from a friend in the financial industry. Don’t know the specifics, just heard that training and facilitation in that area is being ramped up.
Sounds like all the good RE deals are still a year or two away.

By: The Judge

The Judge — Wed, 06 Jun 2007 11:54:25 +0000

Great work, Twist. You should forward the link to Hubble Smith before he writes his story in the next couple days. Otherwise, I can already tell you what his headline in the LV paper will be: “Sales up 14 percent,” with plenty of “bottom” quotes from the usual cast of REIC shills.

Also, the condo sales bump is seasonal, as you noted, but plenty of high-rise units have been closing in recent weeks, too, so that might be skewing the numbers. Hard to say.

– The Judge
“Sell now or be priced in forever”