BluefoxToday blog : Today Las Vegas, NV Area Real Estate Reached Another Milestone: We are over 10,000 units!

Today Las Vegas, NV Area Real Estate Reached Another Milestone: We are over 10,000 units!

Las Vegas Area Real Estate

I am pleased to report that today around noon we surpassed 10,000 active listings and our inventory is GROWING quickly!

This is great news for buyers frustrated with writing multiple offers only to get outbid time and time again as sale prices were drawn well above the list prices and cash buyers had preference over financed buyers!

If you decided to throw in the towel and sit on the sidelines from the Las Vegas Real Estate gold rush you may want to consider to jump back in soon!

We do still need about twice as many active listings  to turn this from a big time seller's market back into a stable market (I estimate 18000-24000 listings.)

Give us a call at 702-966-2494 if you would like to be set up on a free up to date home search!


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 14 commentsRenée Donohue • May 28 2010 03:41PM

Comments

Renee

So nice to see your market really taking off so well after such a long down time.

Posted by Tom Braatz Waukesha County Real Estate 262-377-1459, Waukesha County Realtor Real Estate agent. SOLD! (Coldwell Banker) over 7 years ago

Hi Renee, I hope we get some new inventory soon. With rates so low, it would be great for Seller's that are considering selling to bring their homes to market, now. Nice new comprehensive graph.

Posted by William Johnson, San Diego Real Estate Voice, GRI CRS e-Pro CDPE (RE/MAX Associates) over 7 years ago

Renee great graph, really easy to look at and understand.  Also looks as if your market is healthier than it's been for a long time.

Posted by John Walters, Licensed in Louisiana (Frank Rubi Real Estate) over 7 years ago

Renee it must be so exciting to see your marketing doing so well.  It is a great time to buy.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) over 7 years ago

I love to hear when areas are in a seller's market.

Posted by Tammie White, Broker, Franklin TN Homes for Sale (Franklin Homes Realty LLC) over 7 years ago

Interesting to see that your market changed in May 09.  I'll work on a similar graph for my market area and determine when they changed.  Renee, you are the Queen of Statistics.

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 7 years ago

Great post! Sound like the market turn around in your area after a long down turn!

Thanks for sharing.

Adam

Posted by Adam Malachi, QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR (A 2 Z Realty LLC) over 7 years ago

We average 1,000 listings in Calvert County in any given month. Wow, look at the difference in market size. When I am in Vegas for a RE/MAX Convention, it never feels that big!

Posted by Cheryl Ritchie, Southern Maryland 301-980-7566 (RE/MAX Leading Edge www.GoldenResults.com) over 7 years ago

Renee,

 

Cool graph.  Very easy to follow and understand.

 

Lori Cofer

Posted by Lori Cofer, REALTOR, Moscow Idaho Real Estate (Beasley Realty) over 7 years ago

You are full of good news today Renee.  I'm happy you have additonal product coming to market. ~ Doug

Posted by Doug Anderson, Bay Area Real Estate Views (Tucker Associates Real Estate Services) over 7 years ago

Hi Renee...how your market changed this past year..many still think Vegas Real Estate is a Buyers Market.

Cheers...go put up more Sold signs all over Vegas

Posted by Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant (RE/MAX Camosun Victoria BC Real Estate) over 7 years ago

Renee,

That project is moving along well now, so next up is Solds that we need to get back to at least 4,000 homes a month.

Posted by Esko Kiuru over 7 years ago

Renee,

It is so hard to convince buyers that the market is tight and that they will not be successful offering 25% under market price. We need more inventory in Norhtern Virginia as well.

Posted by Steve and Jan Bachman, Realtors - Northern Virginia (RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax ) over 7 years ago

It is still inching up a bit and I thank everyone for their comments!

Posted by Renée Donohue, Las Vegas Real Estate Broker - www.urLVhome.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate) over 7 years ago

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