Selling Reno And Sparks Real Estate Blog: Nevada: Henderson

Las Vegas NV Area Market Watch January 2012 (includes Henderson & North Las Vegas)

Las Vegas Homes For Sale

**Inventory Continues to Plunge Down in January!!!**

We are still squeezed for inventory.  New REO listings are few and far between thanks to AB 284 with currently no end to that drama in sight.  Multiple offers on well priced homes are widespread. Everyone from first time buyers to investors are taking advantage of "opportunity".

Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post.

Las Vegas Area Real Estate Market Watch was created for informational purposes only.

This is for all the buyers wondering "where is the inventory"? The inventory is here, this graph shows that buyer interest is extremely high and gobbling up all that new inventory coming online!

This is also for people saying "shadow inventory exists"! Well I believe it exists but it also exists in Las Vegas short sales which has tripled to quadrupled it's formerly stagnant close ratio since late spring.

These are Listing/Under Contract & Pending/Sold Trends from December 2007-November 2011.

Contracted closings are stalled because of the large amount of Las Vegas short sales that are contracted.


Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Comment balloon 6 commentsRenée Burrows • January 28 2012 11:27AM
Las Vegas NV Area Market Watch January 2012 (includes Henderson &…
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**Inventory Continues to Plunge Down in January!!! ** We are still squeezed for inventory. New REO listings are few and far between thanks to AB 284 with currently no end to that drama in sight. Multiple offers on well priced homes are… more
Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for…
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Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for… more
Economic Conditions for the Las Vegas Valley October 2011 (includes…
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Foreclosure/Short Sale Listings (8/15/2011): Total Listings 13073; Short Sales: 6021, 46% of all listings; Bank Owned Listings : 3060, 23% of all listings. Short sale and REO listings consume 69% of total listings.. more
Las Vegas NV Area Pendings Report for July 2011 (includes Henderson..
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Las Vegas Real Estate Inventory has stabilized after the months of increase following the first time buyer's tax credit expiration. Against my predictions, we are still a seller's market after flirting with stable market… more
Las Vegas NV Area Short Sale Real Estate Market Report & Homes…
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The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a buyer's market as fall approaches. Inventory has DECREASED by -74 units. Under Contract has INCREASED by +41 units… more
Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for June…
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Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for… more
Las Vegas NV Area Market Watch (includes Henderson & North Las…
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**Will Sales be This High in July?? ** We are still squeezed for inventory. Multiple offers on well priced homes are widespread. Everyone from first time buyers to investors are taking advantage of "opportunity". Read… more
Economic Conditions for the Las Vegas Valley (includes Henderson &…
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Foreclosure/Short Sale Listings (6/15/2011): Total Listings 13926; Short Sales: 6401, 46% of all listings; Bank Owned Listings : 3365, 24% of all listings. Short sale and REO listings consume 70% of total listings… more
Las Vegas NV Area Sold Terms & Trends May 2011 (includes…
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Cash REMAINS KING in the Las Vegas Area Real Estate Market!!! It is important for every buyer in the Las Vegas Area Real Estate Market to understand who their buyer competition is in this currently competitive seller's market LV is… more
Las Vegas NV Area REO Real Estate Market Report & Homes for Sale…
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Las Vegas Area REO Inventory has RISEN since last report (+288 units), Under Contracts have RISEN by (+291) units Closing data has FALLEN by (-32) units. Low interest rates have spurred a flurry of buyer interest &… more