BluefoxToday blog : Las Vegas NV Area May 2010 REO Inventory Update

Las Vegas NV Area May 2010 REO Inventory Update

Las Vegas REO Homes for Sale

Las Vegas Area REO Real Estate Market Report

Las Vegas Area REO Inventory has RISEN since last report (+367 units), Under Contracts have RISEN (+38) units  Closing data has FALLEN (-162) units.  Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.  

REO sales accounted for 42% of all Las Vegas Area Valley resale closings in May 2010.  REO listings account for only 20% of total resale listings.

Multiple offers are streaming in as banks continue to lower to fire and auction sale prices.

Current Listed Bank Owned Statistics:

  • Listings (6/15/2010):2146
  • Under Contract (6/15/2010): 2787
  • Sold May 2010:  1464

View Last Month's Report Here  

To find the most recent report, click here


Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

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Comment balloon 7 commentsRenée Donohue • June 16 2010 10:15AM

Comments

Shack Diva, are you sure you're not making this stuff up?  Impressed, as always! 

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

Renee

I always love to look at your market reports; especially the graphics

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,

REO sales still have 42% of the market despite short sales making a move.

Posted by Esko Kiuru over 8 years ago

Renee:  So 80 percent of the listings are either Short Sale or Standard Sale listings.   I would assume that most are Short Sale Listings.

Posted by Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula, Realty Works Temecula (Realty Works Temecula) over 8 years ago

Kevin:  I couldn't make this stuff up if I tried ;)

Tom:  Thanks :)

Esko:  YUP it is down quite a bit!

Jane:  Most are short sale listings!

Posted by Renée Donohue, Las Vegas Real Estate Broker - www.urLVhome.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate) over 8 years ago

Renee, the amount of pending reo's for this chart is amazing.  

Posted by Heather Fitzgerald, REALTOR Greenwood Indiana Real Estate (REALTY WORLD-Harbert Company, Inc.) over 8 years ago

Heather:  Yes ma'am.  Very popular sale type!

Posted by Renée Donohue, Las Vegas Real Estate Broker - www.urLVhome.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate) about 8 years ago

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