BluefoxToday blog : Las Vegas NV Area REO Real Estate Market Report & Homes for Sale May 2011 (includes Henderson & North Las Vegas)

Las Vegas NV Area REO Real Estate Market Report & Homes for Sale May 2011 (includes Henderson & North Las Vegas)

REO Bank Owned Foreclosure Homes for Sale in Las Vegas

REO Bank Owned Foreclosure Homes for Sale in Las Vegas

REO Bank Owned Foreclosure Homes for Sale in Las Vegas

Las Vegas Area REO Inventory has RISEN since last report (+288 units), Under Contracts have RISEN by (+291) units  Closing data has FALLEN by (-32) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.  

REO sales accounted for 46% of all Las Vegas Area Valley resale closings in May 2011.  REO listings account for only 24% of total resale listings.

Current Listed Bank Owned Statistics:

  • Listings (6/15/2011):  3365
  • Under Contract (6/15/2011): 3556
  • Sold May 2011:  1784

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 101-606 (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

Blog Disclaimer Important Notice

Realtor/MLS Member, NAR, NVAR, GLVARAccredited Buyer's RepresentativeSeller Representative SpecialistSenior Real Estate SpecialistAt Home with DiversityResort & Second Home Property SpecialistShort Sale Foreclosure Resource

 

 

 

Sell Las Vegas Home          Las Vegas Homes for Sale     Las Vegas Rental House

              

 

 

 

Comment balloon 8 commentsRenée Donohue~Home Photography • June 17 2011 03:36PM

Comments

Renee, so glad to see that failed Short Sale inventory end up here.  We'll get rid of it some way somehow!

Posted by Kevin J. May, Serving the Treasure & Paradise Coasts of Florida (Florida Supreme Realty) over 7 years ago

Renee, our markets are very similar right now - I hope that's a positive sign!!!

Posted by Juli Vosmik, Scottsdale/Cave Creek, AZ real estate 480-710-0739 (Dominion Fine Properties) over 7 years ago

Lots of inventory and movement in the Las Vegas REO market right now.  Sure hope the trend continues for your area Renee.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) over 7 years ago

Renee - Wow, look at that absorption rate, I don't think I've ever seen one that low before especially across the board.

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

Renee - Looks like the low interest rates made many buyers give up their seat on the fence!

Posted by Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A. (Charlemagne International Properties) over 7 years ago

Renee,

Now that the REO inventory - it has been there for a long time - has risen it seems a fair conclusion that the shadow inventory is indeed there. Banks keep releasing property onto the market based on some kind of an absorption model.

Posted by Esko Kiuru over 7 years ago

Love the lay out of your blog post(s) ... need to study it further changes in mine AND congrat's on 1 million !

IT IS THE WEEKEND... week flown by .. soon 4th of July, enjoy your day dallas homes for rent by owner dallas houses for rent by owner lynn911.com

Posted by Lynn911.com ~ Dallas Real Estate Agent Top Team (Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com ) over 7 years ago

Thank you all for the commentary!!

Esko:  I completely agree with that assessment!

Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) over 7 years ago

This blog does not allow anonymous comments