Selling Reno And Sparks Real Estate Blog

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

Las Vegas Homes For Sale

**Spring Buying Season is in Full Swing!**

After the tax credit expired last spring, we experienced a rise in inventory through November.  With the spring season here - combined with low prices and interest rates - we are now seeing inventory snatched off the shelves again!

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-April 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 14 commentsRenée Donohue • May 25 2011 09:58AM

Comments

Renee, looks like there are lots of choices with inventory in VEGAS, so time to contact Renee for Las Vegas real estate!     Like your new photo!

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) over 6 years ago

Renee,

Great short sale stats; good speed with Las Vegas your sales.

Steve

Posted by Steve, Joel & Steve A. Chain (Chain Real Estate Investments & Mortgage, Steve & Joel Chain) over 6 years ago

Renee, while I like the "snatched off the market part", I'm sure it's frustrating for buyers. 

Like the new head shot - great smile!!!!

Posted by Juli Vosmik, Scottsdale/Cave Creek, AZ real estate 480-710-0739 (Dominion Fine Properties) over 6 years ago

I like the fact that things are selling without tax credit help.  Might be a bit of a roller coaster ride for us all but at least it is not just a straight down drop, lol 

Posted by Bob Jakowinicz, Michigan Real Estate Agent-- MI RE Adventures (National Realty Centers Livonia--Bob Jakowinicz) over 6 years ago

Nice Pic Renee!

Million dollar smile! 

Good post to inform your buyer of different options. . 

Posted by Fernando Herboso - Broker for Maxus Realty Group, 301-246-0001 Serving Maryland, DC and Northern VA (Maxus Realty Group - Broker 301-246-0001) over 6 years ago

Thanks everyone for the comments :)  Photo was done by aceheadshots.com!!  Love Wayne and his talents!

Posted by Renée Donohue, Las Vegas Real Estate Broker - www.urLVhome.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate) over 6 years ago

Love the new photo Renee!!! And this is a great report and we are seeing similar trends, that although the inventory is there, we are now seeing it sold quickly, and some multiple offer situations.

Posted by Sharon Paxson, Newport Beach Real Estate - Arbor Real Estate (Arbor Real Estate) over 6 years ago

Renee

Indeed, Spring buying season is under way, nice to see those "solds"

Posted by Tom Braatz Waukesha County Real Estate 262-377-1459, Waukesha County Realtor Real Estate agent. SOLD! (Coldwell Banker) over 6 years ago

damn I hate that works pulled me from my true love!!! I'm so far behind on AR I can't see light...  however.. I can see a fabulous new image coming from the ShackDiva.com site!  Renee what a stunning new pic you share ... 

Oh, and your market reports are pretty stellar AND HOT too!  :)  Well done as usual at keeping everyone in the loop with what's happening with LA Real Estate!

Pamela

Posted by Lee & Pamela St. Peter, Making Connections to Success in Real Estate (Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522) over 6 years ago

I love your new pic Renee!

Good to see Las Vegas inventory moving too.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) over 6 years ago

Renee - Homes priced right get snatched up in my market too.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) over 6 years ago

This is a very positive post and certainly welcome news for the Las Vegas market Renee. All the best.

Posted by Doug Anderson, Bay Area Real Estate Views (Tucker Associates Real Estate Services) over 6 years ago

Renee - It seems like the market will be getting a lot tougher for the buyer to find a great deal in Vegas, and they had better find a great las vegas realtor.

Posted by Larry Brewer - Benchmark Realty llc (Benchmark Realty LLc) over 6 years ago

Thank you everyone for the great comments!

Posted by Renée Donohue, Las Vegas Real Estate Broker - www.urLVhome.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate) over 6 years ago

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