BluefoxToday blog : Las Vegas Area Real Estate Market Concession Stand March 2010

Las Vegas Area Real Estate Market Concession Stand March 2010

Las Vegas Area Seller Paid Concessions

Here is what buyers received in seller paid concessions on November 2009 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500:  63% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000:  20%
  • Over $4001:  17%

This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory!  Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs!

Last Month's Concession Stand


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 10 commentsRenée Donohue • April 28 2010 06:56AM

Comments

Love the information and the presentation and I would love to know what program that you use to produce the great graphics- if you mind sharing drop me adirect message.

Robert Earl

Posted by Robert Earl -The Earl of St Pete, The Earl of St. Pete (St Pete LUXE Living Group) over 8 years ago

Renee,

What an amazing chart and information.  This would be a great tool for buyers agents to show their buyers.  You are always thinking. Love love love this info.  Best wishes,

Posted by Kim Boekholder Utah Real Estate, Broker, Results Real Estate (Results Real Estate 801.580.5624) over 8 years ago

Renee, in prior posts I've seen you referred to as the "diva" of graphs and or statistics.  This one takes the cake for originality.  We all know it's out there but I don't think I've ever seen it posted quite like this before.  Fabulous job!

Posted by Kevin J. May, Serving the Treasure & Paradise Coasts of Florida (Florida Supreme Realty) over 8 years ago

My market is probably pretty close to the opposite. We are probably around 60%-70% WITH seller paid  concessions. Average amount being around $2,000.

By the way, like the Title "Concession Stand" another good one Renee.

Thank you

Posted by Scott Baker, Realtor Homes for Sale in Cincinnati, West Chester, Mason, OH Area (www.eHomeReports.com Coldwell Banker West Shell) over 8 years ago

Rene, again your graph ROCK!  BTW, I've seen not seen seller contributions in this area age restricted community. 

Posted by Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers Designated Broker Leolinda Realty, Sun City Grand in Surprise Arizona (Leolinda Realty) over 8 years ago

Renee,

This is why you are a Diva...always putting great info out there and in a way that stimulates the reader to take a closer look.  Kudos

Posted by Debbie Aldrich, Salt Lake City Realtor - Salt Lake County, Cottonwood Heights (The Watts Group Real Estate ) over 8 years ago

Love the new graph!  Interesting how the market has turned in your area.  I think you're the DIVA all right . . . Chart DIVA :-)

Posted by Carla Muss-Jacobs, RETIRED (RETIRED / State License is Inactive) over 8 years ago

Renee - I see Las Vegas sellers are hanging onto their money and giving no concessions.  I think a majority of my buyer clients have asked for seller concessions in the past year and to date I haven't had a short sale lender say no.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) over 8 years ago

Renee

It really looks strong in terms where less concessions are made; are the people taking a beating on the price?

Posted by Tom Braatz Waukesha County Real Estate 262-377-1459, Waukesha County Realtor Real Estate agent. SOLD! (Coldwell Banker) over 8 years ago

Renee,

Buyers can still try but 61% will draw a blank stare. Ouch! It's brutal out there. The comment function is working again.

Posted by Esko Kiuru over 8 years ago

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