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

Las Vegas Short Sales

Las Vegas Short Sales

Las Vegas Short Sale

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. Sold units have DECREASED by -155 units.

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

Short Sale Synopsis:

  • Listings 8/15/2011: 6129
  • Pending 8/15/2011: 8332
  • Closed July 2011: 813

Short Sales Currently Account for:

  • 46% of All Las Vegas Valley Listings
  • 21% 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®
 

 

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Comment balloon 6 commentsRenée Donohue • August 27 2011 12:57PM

Comments

You have one of the best formats for market statistics that I have seen.  Keep up the good work!

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

Hi Renee, these are great, easy to read stats on the short sale market in Las Vegas.  Hope it quickly turns to a sellers market as fall approaches!

Posted by Erika Rogers, St George Utah Real Estate & Relocation Specialist (Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage) almost 7 years ago

Hi Renee, I love  your market reports. Do you have a special software to help with these nice charts and graph.?

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) almost 7 years ago

Hi Renee - you still have more pendings than listings in your area, and I don't know any other area that can say that. Maybe buyers have a better change now than they did, but they had better hire the best to represent them.

Posted by Larry Brewer - Benchmark Realty llc (Benchmark Realty LLc) almost 7 years ago

Renee - Great short sale market report!  The Las Vegas NV absoprtion rate is pretty similar to the Wellington short sale absorption rate.

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

Thank you all for the comments!

Gita:  I use regular excel!

Larry:  It is definitely due to short sales!

Posted by Renée Donohue, Las Vegas Real Estate Broker - www.urLVhome.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate) almost 7 years ago

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