By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Comments 6
Prices have flatlined after an 18 month period of steep appreciation. In June 2012, Las Vegas short sale home closings outpaced Las Vegas REO (bank owned) home closings for the first time since the Las Vegas real estate demise started in 2006. Our absorption rate continues to be in seller’s market mode with around 2 months of inventory which indicates a strong seller’s market. Equity sales began to outpace REO & short sales in Las Vegas in February 2013. The Las Vegas REO (foreclosures,( bank owned) sector remains a EXTREME seller’s market WITH LESS THAN 3 months of inventory & the Las Vegas Short Sale sector is also in an EXTREME seller’s market. Las Vegas Home Sales were strong with 2593 units sold in November 2013. Las Vegas Home  Pendings remain high due to short sales and the chal...
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Comments 8
Las Vegas Area REO Inventory has risen since last report (+10 units), Under Contracts have fallen (-543) units  Closing data has vallen (-491 units).  Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.   REO sales accounted for 63% of all Las Vegas Area Valley resale closings in October 2009.  REO listings account for only 22% of total resale listings. Multiple offers are streaming in as banks continue to lower to fire and auction sale prices. Current Listed Bank Owned Statistics: Listings (12/15/2009): 2253 Under Contract (12/15/2009): 3911 Sold November 2009:  2378 Absorption Rate:  0.9 Months (THATS LESS THAN ONE MONTH = VERY LITTLE INVENTORY) View Last Month's Report Here   To find the most recent report, click here
North Las Vegas, NV Real Estate Professionals