Las Vegas Area September 15, 2013 Active Listings by Type REO: 535 (7%) Short Sale: 1075 (13%) All Other: 6332 (80%)   August 2013 Sales by Type: REO:  276 (8%) Short Sale: 873 (25%) Other: 2326 (67%) 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, Enterp... 10/25/2013

Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting. More homes available for rent (higher supply) and less renters (lower demand.) Units Leased: July 2013:  3355 June 2013:  3224 May 2013:  3297 April 2013:  3100 March 2013:  3188 February 2013:  3141 January 2013:  2608 December 2012:  2289 November 2012:  2690 October 2012:  2913 September 2012:  2626 August 2012:  3409 July 2012:  2912 June 2012:  3007 May 2012:  2887 Average Monthly Rental Rates: July 2013:  $1564 June 2013:  $1383 May 2013:  $1348 April 2013:  $1283 March 2013:  $1315 February... 09/28/2013

Here is what buyers received in seller paid concessions on July 2009 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500:  68% ($500 only buys you a home warranty or (no and) an appraisal Between $501-4000:  14% Over $4001:  18% This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory! 09/09/2009