BluefoxToday blog : June 2011

Las Vegas NV Area Pendings Report for May 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 has stabilized after the months of increase following the first time buyer's tax credit expiration.  Against my predictions, we are still a seller's market after flirting with stable market territory for months. .

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

  • Listings (6/15/2011):  13926
  • Under Contract (6/15/2011):  13656
  • Sold May 2011:  3841

Short Sales:

  • 46% of Listings
  • 24% of Sales

REO (Foreclosures, Bank Owned:)

  • 24% of Listings
  • 46% of Sales

In One Month:  Listings are DOWN -170 units, Contracted Listings UP +415 units, Sales are UP +51 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 Burrows • June 25 2011 07:44PM
Las Vegas NV Area Pendings Report for May 2011 (includes Henderson..
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Las Vegas Real Estate Inventory has stabilized after the months of increase following the first time buyer's tax credit expiration. Against my predictions, we are still a seller's market after flirting with stable market… 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 (+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