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
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.
I really like the visuals on your blog Renee. What program or service produces it, or is it your very own?
Renee,
With LV's low inventory levels many markets would be envious.
Steve
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!
Hi Renee...shaping up for price increases if these sales continue. You sure know what is happening with Vegas real estate.
Cheers
Renee you always do a great job providing the market stats for your area. The graphs are always very easy to understand!
Renee I totally agree with Bill Gassett. Your Las Vegas market reports are very professionally - a sign of your Las Vegas market expertise
As always, great information for your buyers and sellers. Have a nice weekend:)
Renee you always have your finger on the pulse of the Las Vegas Real Estate Market.
Renee,
The seller's market is still as strong as it was six months ago. What gives?
As always, thanks all for the comments!!