New areas hit hardest by home losses
Many of valley's outlying subdivisions amass highest foreclosure tallies in 2007
Most foreclosed homes in the Las Vegas Valley are concentrated in newer subdivisions and have average home ages of less than 10 years, a local housing market analyst shows.
ZIP codes 89131 and 89031 had 792 and 681 foreclosure sales in 2007, respectively, according to Las Vegas-based research firm SalesTraq. The average age of those foreclosed homes was 5.8 years in the 89131 area and 8.2 years in 89031.
The average age of homes in the top 10 foreclosure ZIP codes in Clark County ranged from 4.5 years in 89148 (537 foreclosures) to 25.1 years in 89108 (395 foreclosures). The median was eight years.
