Here's the best answer I can give you Sir or Ma'am, you need to think of any city, Las Vegas or any other, as a living organism. Some parts with thrive, some parts will decay slowly, some parts will become deceased quickly and die off, some parts will completely regenerate their dying or dead tissue. Each neighborhood through any city, but especially Las Vegas is extremely unique onto itself. Since 09.2010 there are certain neighbors I know that have gone up, many that have gone down. Across the board, Las Vegas, as an entire city, has gone down since that date, yet, also, across the board, the quality of inventory has gone down significantly and the competition for that inventory has gone up significantly. Eventually there will only be scraps for the remaining sideline, for lack of a better word, 'vultures' to pick up and prices will rise again. My website is http://www.LasVegasRealEstateConnection.com.
When you are ready for a local agent to assist, please contact me, my resume is under the "About Us" sublink at the top of my homepage.