BluefoxToday blog : Las Vegas Area Short Sale Real Estate Market Report & Homes for Sale Mar 2011

Las Vegas Area Short Sale Real Estate Market Report & Homes for Sale Mar 2011

Las Vegas Short Sales

Las Vegas Short Sales

Las Vegas Short Sale

The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has DECREASED by -377 units.  Under Contract has INCREASED by +203 units.    Sold units have INCREASED by +155 units.

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

Short Sale Synopsis:

  • Listings 4/15/2011:  7044
  • Pending 4/15/2011: 8122
  • Closed March 2011: 1005

Short Sales Currently Account for:

  • 50% of All Las Vegas Valley Listings
  • 24% 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 3 commentsRenée Donohue • April 20 2011 02:10PM

Comments

Renee, great report on your market. I hope you'll take a break this weekend to celebrate with your family. Happy Easter.

Posted by Elizabeth Byrne, Arlington Virginia Real Estate (Keller Williams Realty) over 7 years ago

Renee,

50% of listings are short sales. That's a chunk. But only 24% of total sales due to all the difficulties with closing them. 

Posted by Esko Kiuru over 7 years ago

Elizabeth:  I did, THANKYOU!!

Esko:  VERY TRUE!

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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