Institutional and private investors contributed to a record year for Las Vegas home sales in 2011, but prices are being held down by cautious appraisers and the high number of foreclosure sales, real estate brokers and analysts said Monday.
A total of 48,186 single-family homes and condos were sold in Las Vegas last year, topping the previous record of 46,879 set in 2009, the Greater Las Vegas Association of Realtors reported Monday.