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

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

Las Vegas Short Sales

Las Vegas Short Sales

Las Vegas Short Sale

The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a buyer's market as fall approaches. Inventory has DECREASED by -182 units. Under Contract has INCREASED by +143 units. Sold units have INCREASED by +46 units.

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

Short Sale Synopsis:

  • Listings 9/15/2011: 6021
  • Pending 9/15/2011: 8434
  • Closed August 2011: 1014

Short Sales Currently Account for:

  • 46% of All Las Vegas Valley Listings
  • 22% 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®
 

 

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Comment balloon 9 commentsRenée Donohue • September 18 2011 05:07PM

Comments

Renee - Las Vegas short sales are still a large part of your market i see. I love that keyword rich title and all those great links.

Posted by Larry Brewer - Benchmark Realty llc (Benchmark Realty LLc) almost 7 years ago

Renee,

Great LV market report. Your clients can always count on you for compehensive straight forward Las Vegas real estate market information.

Steve

Posted by Steve, Joel & Steve A. Chain (Chain Real Estate Investments & Mortgage, Steve & Joel Chain) almost 7 years ago

Neutral to buyers, interesting. As usual your market reports are comprehensive; your clients should be proud that you have taken the time to be the market expert.

Posted by Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers Designated Broker Leolinda Realty, Sun City Grand in Surprise Arizona (Leolinda Realty) almost 7 years ago

You do a great job with your market reports. Your clients are fortunate to have you as their agent.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) almost 7 years ago

Renee, this is a great short sale report.  You're the expert when it comes to Las Vegas Nevada real estate!

Posted by Erika Rogers, St George Utah Real Estate & Relocation Specialist (Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage) almost 7 years ago

Excellent short sale market report, it is always good that the inventory is tighten and sales activity is up. 

Posted by Morgan Evans, LICENSED REAL ESTATE SALESPERSON (Douglas Elliman Real Estate) almost 7 years ago

Renee - I always like comparing the Wellington short sale market to the Las Vegas short sale market.  Great report!

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

Renee thank you for sharing. Great market report.

Posted by Sep Niakan, Luxury Real Estate and Condo Specialist (HB Roswell Realty) almost 7 years ago

Thank you everyone for the comments!

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

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