BluefoxToday blog : Las Vegas | Henderson | North Las Vegas August 2010 REO Real Estate Market Report

Las Vegas | Henderson | North Las Vegas August 2010 REO Real Estate Market Report

Las Vegas Area REO Homes for Sale

Las Vegas Area REO Real Estate Market Report

Las Vegas Area REO Inventory has RISEN since last report (+121 units), Under Contracts have RISEN (+134) units  Closing data has FALLEN (-4) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.  

REO sales accounted for 45% of all Las Vegas Area Valley resale closings in July 2010.  REO listings account for only 20% of total resale listings.

Current Listed Bank Owned Statistics:

  • Listings (9/15/2010):  2859
  • Under Contract (9/15/2010): 2809
  • Sold August 2010:  1586

View Last Month's Report Here  

For Most Current Las Vegas REO Inventory Market Report.

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 101-605 (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 10 commentsRenée Donohue • September 17 2010 07:30PM

Comments

I really like the visuals on your blog Renee. What program or service produces it, or is it your very own?

Posted by Karen Crowson, Your Agent for Change (Coldwell Banker Residential Brokerage) about 8 years ago

Renee,

With LV's low inventory levels many markets would be envious.

Steve

Posted by Steve, Joel & Steve A. Chain (Chain Real Estate Investments & Mortgage, Steve & Joel Chain) about 8 years ago

With REOs being 20% of the resale listings being offered but accounting for 45% of the closings.. it's fairly plain to see what's been keeping you busy. 

I love the way you put that informaiton out there!

Posted by 1 ~Judi & Don Barrett & Chassy Eastep - Integrity, BS Ed, Integrity Real Estate Services -IDABEL OK (Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745) about 8 years ago

Hi Renee...shaping up for price increases if these sales continue. You sure know what is happening with Vegas real estate.

Cheers

Posted by Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant (RE/MAX Camosun Victoria BC Real Estate) about 8 years ago

Renee you always do a great job providing the market stats for your area. The graphs are always very easy to understand!

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) about 8 years ago

Renee  I totally agree with Bill Gassett.  Your Las Vegas market reports are very professionally - a sign of your Las Vegas market expertise

Posted by Karen Kruschka, - "My Experience Isn't Expensive - It's PRICELESS" (RE/MAX Executives) about 8 years ago

As always, great information for your buyers and sellers.  Have a nice weekend:)

Posted by Erika Rogers, St George Utah Real Estate & Relocation Specialist (Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage) about 8 years ago

Renee you always have your finger on the pulse of the Las Vegas Real Estate Market.

Posted by Kenny Salame, NMLS ID 313873 (All Western Mortgage Broker # 14210) about 8 years ago

Renee,

The seller's market is still as strong as it was six months ago. What gives?

Posted by Esko Kiuru about 8 years ago

As always, thanks all for the comments!!

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

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