Three quarters of the ZIP codes in Southern Nevada have seen home price declines year-over-year, according to a new study.

Most of the ZIP codes (74 percent) that saw the largest per square foot median price decline in the valley included parts of the Las Vegas Strip where there aren’t a lot of single-family houses but an ample number of high-rise condominiums and apartments, according to a new study by the UNLV Lied Center for Real Estate.

The ZIP code with the biggest decline was 89158 (17.5 percent), which is located between Interstate 15 and Las Vegas Boulevard encompassing such properties as Park MGM Las Vegas and the Aria Sky Suites. The ZIP code with the second biggest price decline was 89109 (10.5 percent) which encompasses a number of large properties on the Strip, including MGM

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