BluefoxToday blog : Las Vegas NV Area Short Sale Real Estate Market Report for October 2010 (includes Henderson & North Las Vegas)

Las Vegas NV Area Short Sale Real Estate Market Report for October 2010 (includes Henderson & North Las Vegas)

Las Vegas Short Sale

Las Vegas Short Sale

The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Inventory has INCREASED by +319 units.  Under Contract has DECREASED by -440 units.    Sold units have DECREASED by -135 units.

There are many reasons for the lack of closings in this market and it is outlined in this post

Short Sale Synopsis:

  • Listings 11/15/2010:  7697
  • Pending 11/15/2010: 8324
  • Closed October 2010: 927

Short Sales Currently Account for:

  • 49% of All Las Vegas Valley Listings
  • 28% of All Las Vegas Valley Sales 

Read here for last month's report on Las Vegas Area Short Sales.

Most Current Market Report For Short Sales

Information About the Short Sale Process for Las Vegas Area Short Sale Buyers & Sellers

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 101-606 (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 6 commentsRenée Donohue • November 15 2010 07:20PM

Comments

Renee - We really need to get out there for all the fun reasons. Great post

Posted by Claude Cross, Charlotte NC Homes For Sale (Homes By Cross, Inc. ) over 7 years ago

Renee - you really are the expert on the Las Vegas Market. Seems like things keep shifting.

Jeff

Posted by Jeff Dowler, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) over 7 years ago

I am seeing banks move short sales along a bit quicker myself. 

Posted by Damon Gettier, Broker/Owner ABRM, GRI, CDPE (Damon Gettier & Associates, REALTORS- Roanoke Va Short Sale Expert) over 7 years ago

Renee - Short sales......I'm currently involved in one and we're going on 11 months....scheduled to close again this week, hopefully it will happen.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) over 7 years ago

Renee,

49% of valley listings are shorts, yikes!

Posted by Esko Kiuru about 7 years ago

Thanks everyone for the comments!

Michelle:  I hope it did - WOO HOO!

Esko:  Got worse this month = 50% and only 19% make up for our closings.  Big ouch month to month!

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

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