Then and now: What’s a valley house worth?
Sam Morris / Las Vegas Sun file
Las Vegas home prices have soared at some of the fastest rates nationally, making it tough for many people to find an affordable place to live.
But compared with the boom years, house hunting in the valley these days is like walking the aisles of a dollar store.
Two-story homes that today sell for $100,000 went for $200,000 seven or eight years ago. Small condo units in dicey neighborhoods now sell for $60,000 but traded hands for $180,000 during the housing frenzy.
The median sales price of a previously owned single-family home in Southern Nevada last month was $180,000, according to the Greater Las Vegas Association of Realtors. That's up 29 percent from a year ago but a far cry from the peak $315,000 price in June 2006. The bottom came in January 2012 at $118,000.
How do prices compare now and then? Here's a look at the sales history of several valley homes, according to Clark County property records, Redfin and Zillow:
9501 Tournament Canyon Drive, Las Vegas
Two-story house, 4,752 square feet, 4 bedrooms, 5 bathrooms, built in 2001
Recent sale: $1.15 million on Sept. 10
Bubble sale: $1.75 million in May 2007
Price drop: 34 percent
7504 Via Rimini St., Las Vegas
Two-story house, 4,353 square feet, 5 bedroom, 5 bathrooms, built in 2003
Recent sale: $520,000 on Sept. 6
Bubble sale: $1.12 million in November 2004
Price drop: 54 percent
6820 San Ricardo Ave., #203, Las Vegas
Condo, 1,084 square feet, 2 bedrooms, 2 bathrooms, built in 1994
Recent sale: $73,000 on Sept. 19
Bubble sale: $180,000 in January 2006
Price drop: 59 percent
5820 Jerry Drive, Las Vegas
One-story home, 1,635 square feet, 4 bedrooms, 2 bathrooms, built in 1963
Recent sale: $125,000 on Sept. 27
Bubble sale: $265,000 in April 2007
Price drop: 53 percent
8228 Mt. Nido Drive, Las Vegas
Two-story house, 2,483 square feet, 4 bedrooms, 3 bathrooms, built in 1991
Recent sale: $235,000 on Sept. 4
Bubble sale: $420,000 in May 2005
Price drop: 44 percent