BEST ANSWER
FIRST ANSWER
I pulled 752 sold properties within the last 6 months in Tempe, Arizona, which included all of the recorded sold listings that were in the MLS system only. I put together a quick chart showing the basic relationship of Asking to Sold price since February, with a black trend-line to show that the market has actually increased in price since then, on average.
Head over to the link that I just posted to see.
As for Las Vegas, it's not my market, but it is rather similar to Phoenix in how it moves.
http://www.realscottsdaleliving.com/index.php/about/about-th
Sun Aug 23 2009, 00:18