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Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale June 2011

Las Vegas Short Sales

Las Vegas Short Sales

Las Vegas Short Sale

The absorption rate for Las Vegas Valley Area Short Sales has swung from a buyer's market back to a stable market.  Inventory has DECREASED by -198 units.  Under Contract has DECREASED by -38 units.    Sold units have INCREASED by +52 units.

There are many reasons for the lack of closings in this market and it is outlined in this post

Short Sale Synopsis:

  • Listings 7/15/2011:  6203
  • Pending 7/15/2011: 8291
  • Closed June 2011: 968

Short Sales Currently Account for:

  • 45% of All Las Vegas Valley Listings
  • 22% of All Las Vegas Valley Sales 

Read here for last month's report on Las Vegas Area Short Sales.

Most Current Market Report For Short Sales

Information About the Short Sale Process for Las Vegas Area Short Sale Buyers & Sellers

What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?

General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’s that?)  It means that I cover the cities of Las Vegas, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley.  They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.

View More FAQ About My Las Vegas Area Real Estate Market Reports.


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 Donohue~Home Photography • July 19 2011 04:44PM

Comments

Renee, that is one of the coolest market reports I have ever seen,  ShackDiva!  That made me laugh, too. 

Have a fantastic week!

Posted by Ron Marshall, Birdhouse Builder Extraordinaire (Marshall Enterprises) over 7 years ago

Renee this is a ROCKING report.  Glad to see that your area is stablizing.  Here in Florida we are seeing the same and we hope that it just gets better from here.

Posted by Kari Battaglia, PA, Selling Florida Gulf Coast Lifestyle (Keller Williams Realty Gold) over 7 years ago

Very nice report Renee. What do you attribute the move to a neutral market in Short Sales to?

Posted by Doug Anderson, Bay Area Real Estate Views (Tucker Associates Real Estate Services) over 7 years ago

Hey there my favorite Vegas Realtor Blogging Diva!  Just popping on over to say hello!!

Posted by Katrina Madewell, Tampa FL Homes for sale | Tampa Bay - (813) 777-1196 (Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196) over 7 years ago

Renee - Hopefully those Las Vegas short sale pendings will start closing soon.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) over 7 years ago

Hello everyone and thanks for the comments!

Doug - yes short sales are definitely in neutral market territory now!

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

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