BluefoxToday blog : Renée Donohue, Las Vegas Real Estate Broker - www.urLVhome.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate)

Las Vegas NV Area REO Real Estate Market Report & Homes for Sale May 2011 (includes Henderson & North Las Vegas)

REO Bank Owned Foreclosure Homes for Sale in Las Vegas

REO Bank Owned Foreclosure Homes for Sale in Las Vegas

REO Bank Owned Foreclosure Homes for Sale in Las Vegas

Las Vegas Area REO Inventory has RISEN since last report (+288 units), Under Contracts have RISEN by (+291) units  Closing data has FALLEN by (-32) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.  

REO sales accounted for 46% of all Las Vegas Area Valley resale closings in May 2011.  REO listings account for only 24% of total resale listings.

Current Listed Bank Owned Statistics:

  • Listings (6/15/2011):  3365
  • Under Contract (6/15/2011): 3556
  • Sold May 2011:  1784

View Last Month's Report Here  

For Most Current Las Vegas REO Inventory Market Report.

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 8 commentsRenée Donohue • June 17 2011 03:36PM
Las Vegas NV Area REO Real Estate Market Report & Homes for Sale…
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Las Vegas Area REO Inventory has RISEN since last report (+288 units), Under Contracts have RISEN by (+291) units Closing data has FALLEN by (-32) units. Low interest rates have spurred a flurry of buyer interest &… more
Las Vegas NV Area Short Sale Real Estate Market Report & Homes…
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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 -259 units. Under Contract has INCREASED by +104 units. Sold units have INCREASED… more
Part 7 Las Vegas First Time Home Buyer's Guide: Contract Acceptance!
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In Part 1 of the Las Vegas First Time Home Buyer Guide I stressed the importance of shopping your financing options and getting approved for a loan. Once buyers are qualified they are usually excited to go shopping but they need to make… more
Las Vegas Area Short Sale Real Estate Market Report & Homes for…
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The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has DECREASED by -377 units. Under Contract has INCREASED by +203 units. Sold units have INCREASED… more
Las Vegas NV Area REO Real Estate Market Report & Homes for Sale…
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Las Vegas Area REO Inventory has RISEN since last report (+235 units), Under Contracts have RISEN by (+80) units Closing data has RISEN by (+416) units. Low interest rates have spurred a flurry of buyer interest &… more
But They Told Me the Short Sale Was Already Approved!
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I have a very close acquaintance that is purchasing an “approved” short sale home in another city and is frustrated. To protect the innocent, I will call him “dad” from now on. Dad called me the other day, very frustrated as… more
Economic Conditions for the Las Vegas Valley (includes Henderson &…
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Foreclosure/Short Sale Listings (3/15/2011): Total Listings 14443; Short Sales: 7421, 51% of all listings; Bank Owned Listings : 2587, 18% of all listings. Short sale and REO listings consume 69% of total listings… more
Las Vegas NV Area Sold Terms & Trends January 2011 (includes…
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Cash REMAINS KING in the Las Vegas Area Real Estate Market!!! It is important for every buyer in the Las Vegas Area Real Estate Market to understand who their buyer competition is in this currently competitive seller's market LV is… more
Las Vegas NV Area REO Real Estate Market Report & Homes for Sale…
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Las Vegas Area REO Inventory has FALLEN since last report (-433 units), Under Contracts have RISEN by (+360) units Closing data has FALLEN by (-443) units. Low interest rates have spurred a flurry of buyer interest &… more
Las Vegas NV Area Short Sale Real Estate Market Report & Homes…
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The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has INCREASED by +4 units. Under Contract has INCREASED by +189 units. Sold units have DECREASED by… more