Las Vegas Area November 15, 2009 Active Listings by Type
- REO: 2243 (22%)
- Short Sale: 4475 (43%)
- All Other: 3675 (35%)
October 2009 Sales by Type:
- REO: 2869 (66%)
- Short Sale: 688 (16%)
- Other: 7071 (18%)
This is just a guide for consumers to see what types of properties are closing vs what is listed. Currently we have the most closes in the REO sector and the least inventory in the REO sector and it is an extreme seller's market.
Click here to see last month's Listing and Sales Type Report
Glad to see that the activity is doing so well!
Merry Christmas
your friend in Charlottesville Virginia!
Renee:
First off....GREAT post on your market! I love the pie charts....easy to read and look good too!
Moral to the story, from what I see, short sales don't seem to happen, but the REO's do. So sad...
If only our government would do something other than give money to the banks....but really help the people that need it.
The new American motto? Lose your house? Bummer!
Renee- Love those great charts! Unbelievable there are so many REO's
Sounds like your local folks are lucky to have a pro like you in their community. This just drives home my point that ...
"All Real Estate is Local and Your REALTOR® Should Be Too!"
John
PS - I love the pictue with your puppies - they look like a lot of fun...just not sure why you don't show your pretty face?
Charles: Thanks for stopping by again and Merry Christmas to you too!
Thom: The funny thing is that we were only hovering around 200 units a month on short sales for several years until about May and we have increased every month since!
Nevin: Everything is unbelievable about this market :shaking head:
John: Oh I have a video out now, check out the open house! I will be doing lots of videos, so many people wanted it and they will get it, LOL!
Renee,
Short sales in October were 16% of total sales, then in November they are 43% of total listings. They obviously are not moving that well.
Renee - Wow, I really expected your market to be more similar to mine when it comes to the percentage of short sales, REO's & others. Very interesting.