BluefoxToday blog : April 2011

Las Vegas Area Short Sale Real Estate Market Report & Homes for Sale Mar 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 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 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 4/15/2011:  7044
  • Pending 4/15/2011: 8122
  • Closed March 2011: 1005

Short Sales Currently Account for:

  • 50% of All Las Vegas Valley Listings
  • 24% 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 3 commentsRenée Burrows • April 20 2011 02:10PM
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
47, 000 Fillings To The IRS For First Time Homebuyer Tax Credit May…
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Recent reports from the Inspector General are indicating that as many as 47, 000 fillings to the IRS for the First Time Homebuyer Tax Credit may have been fraudulent If correct this would represent approximately $513, 000, 000 of taxpayer money… more
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Key To Success
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If you have been in sales for any length of time I am sure that all of you have seen the title "Key To Success" or one very similar to it many times. I don't profess to know the "Key To Success" but I have been in sales long… 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