Renee's metrics are easy to read, showing what kind of unusual real estate marketplace Vegas still is. It happens rarely that 70% of home sales in any major housing market are REOs and short sales for months, like it has been in Southern Nevada.
Las Vegas Area April 15, 2012 Active Listings by Type
- REO: 1018 (17%)
- Short Sale: 1964 (34%)
- All Other: 2835 (49%)
March 2012 Sales by Type:
- REO: 1812 (43%)
- Short Sale: 1140 (27%)
- Other: 1267 (30%)
This is just a guide for consumers to see what types of properties are closing vs what is listed. Currently we have the most closes in the REO sector and the least inventory in the REO sector and it is an extreme seller's market.
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.