BluefoxToday blog : Las Vegas NV Area Market Watch (includes Henderson & North Las Vegas)

Las Vegas NV Area Market Watch (includes Henderson & North Las Vegas)

Las Vegas Homes For Sale

**Sales UP UP UP in August!!!**

We are still squeezed for inventory. Multiple offers on well priced homes are widespread. Everyone from first time buyers to investors are taking advantage of "opportunity".

Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post.

Las Vegas Area Real Estate Market Watch was created for informational purposes only.

This is for all the buyers wondering "where is the inventory"? The inventory is here, this graph shows that buyer interest is extremely high and gobbling up all that new inventory coming online!

This is also for people saying "shadow inventory exists"! Well I believe it exists but it also exists in Las Vegas short sales which has tripled to quadrupled it's formerly stagnant close ratio since late spring.

These are Listing/Under Contract & Pending/Sold Trends from December 2007-August 2011.

Contracted closings are stalled because of the large amount of Las Vegas short sales that are contracted.


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 4 commentsRenée Donohue~Home Photography • September 22 2011 12:26PM

Comments

August was overall a good month in our area also.  I wasn't sure if it was seasonal or things just improving.  Seems like we are way up for a short period then back down for a short period-- truly a roller coaster ride here in Michigan 

Posted by Bob Jakowinicz, Michigan Real Estate Agent-- MI RE Adventures (National Realty Centers Livonia--Bob Jakowinicz) about 7 years ago

Hi Renee...Love your Graphs, you make it so easy for Consumers to Understand what's going on in your Real Estate Market

Posted by Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant (RE/MAX Camosun Victoria BC Real Estate) about 7 years ago

WOW.

What else can I say?

Posted by Thom Abbott, Midtown Atlanta GA Condos For Sale (MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living) about 7 years ago

Thanks everyone for the comments!

Bob:  I am thinking maybe just short sales flushing out of the system??

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

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