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Las Vegas NV Area Pendings Report for August 2011 (includes Henderson & North Las Vegas)

Las Vegas Area Homes for Sale

Las Vegas Area Homes for Sale

Las Vegas Area Real Estate Market Report and Absorption Rate

Las Vegas Real Estate Inventory is seeing an unusually large amount of units closed for late summer.  August almost broke records!

Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)

  • Listings (9/15/2011): 13073
  • Under Contract (9/15/2011): 13333
  • Sold Aug 2011: 4563

Short Sales:

  • 46% of Listings
  • 22% of Sales

REO (Foreclosures, Bank Owned:)

  • 23% of Listings
  • 53% of Sales

In One Month: Listings are DOWN -324 units, Contracted Listings DOWN -156 units, Sales are UP +635 units. Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times.

DOWN PAYMENT ASSISTANCE HAS NOT ENDED FOR FIRST TIME BUYERS, HOWEVER!!

Last Month's Pending Report

For Most Current Las Vegas Real Estate Inventory Market Report Click Here.

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 5 commentsRenée Donohue • October 06 2011 05:44PM

Comments

Renee - this is fantastic information and outstanding graphs. Almost breaking records? I think that the buyers who have been sitting on the fence waiting for prices to drop some more are going to be a little dissappointed.

Posted by The Brewer Team - Benchmark Realty (Benchmark Realty) almost 7 years ago

Renee There aren't many areas in the US where a major city has the number of homes under contrat and sold 7,000 units over the number of available listings

Posted by Karen Kruschka, - "My Experience Isn't Expensive - It's PRICELESS" (RE/MAX Executives) almost 7 years ago

Excellent information and an incredible number of homes sold, under contract, and active!

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) almost 7 years ago

Renee,

Seems that investors continue to dominate the market, working on those REOs and short sales.

Posted by Esko Kiuru almost 7 years ago

The Brewer Group:  Unfortunately we are still declining and distressed inventory continues to hit the market!  At least the inventory is being burned off quickly!

Karen:  TRUE STORY!  Thank you short sale transactions, LOL!

Anita:  Thanks!

Esko:  Yes, that will help curb future defaults!

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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