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

**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 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-June 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 5 commentsRenée Donohue~Home Photography • July 16 2011 02:27PM

Comments

It sure would be a nice change to have not enough inventory instead of an over abundance...but what would be the best is a level field!

Posted by Virginia Gingras (West USA Revelation) over 7 years ago

Renee, your Las Vegas real estate market hit the news last night in our Phoenix area.  They used your Las Vegas Market to compare to our Phoenix real estate market and noted the similarities in lack of inventory, multiple offers on well priced/well maintained homes and the REO's being down.  Let's hope is a positive sign for us all.

Posted by Juli Vosmik, Scottsdale/Cave Creek, AZ real estate 480-710-0739 (Dominion Fine Properties) over 7 years ago

Virginia:  That would be quite a welcome concept in our area!

Juli:  Who knows where this train is headed, RIGHT?!

Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) over 7 years ago

Renee

Time to get on that phone and cold call for more inventory. What a grewat turn aropund coming in Las Vegas

Posted by Tom Braatz Waukesha County Real Estate 262-377-1459, Waukesha County Realtor Real Estate agent. SOLD! (Coldwell Banker) over 7 years ago

Funny Tom - dialing for dollars, HAHA!  Anyways I have the most standard listings I have had (and opportunities in the hopper) since 2007!!

Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) over 7 years ago

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