las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale February 2013 (includes Henderson & North Las Vegas) - 04/01/13 10:24 AM




The absorption rate for Las Vegas Valley Area Short Sales is a strong seller's market. Since last month:  Active Listing Inventory has DECREASED by -80 units. Under Contract has DECREASED by -212 units. Sold units have INCREASED by +194 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 3/15/2013: 575 Pending 3/15/2013: 9392 Closed February 2013: 1198 Short Sales Currently Account for:
14% of All Las Vegas Valley Listings 39% of All Las Vegas Valley Sales Read here for last month's … (3 comments)

las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale November 2012 (includes Henderson & North Las Vegas) - 01/06/13 10:12 PM




The absorption rate for Las Vegas Valley Area Short Sales is a strong seller's market. Since last month:  Active Listing Inventory has DECREASED by -44 units. Under Contract has DECREASED by -734 units. Sold units have DECREASED by -268 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 12/15/2012: 916 Pending 12/15/2012: 10779 Closed November 2012: 1340 Short Sales Currently Account for:
20% of All Las Vegas Valley Listings 42% of All Las Vegas Valley Sales Read here for last month's … (2 comments)

las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale September 2012 (includes Henderson & North Las Vegas) - 10/28/12 08:06 AM




The absorption rate for Las Vegas Valley Area Short Sales is a strong seller's market. Since last month:  Active Listing Inventory has DECREASED by -124 units. Under Contract has DECREASED by -262 units. Sold units have DECREASED by -142 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 10/15/2012: 995 Pending 10/15/2012: 11735 Closed September 2012: 1439 Short Sales Currently Account for:
21% of All Las Vegas Valley Listings 46% of All Las Vegas Valley Sales Read here for last month's … (5 comments)

las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale August 2012 (includes Henderson & North Las Vegas) - 10/09/12 11:07 PM




The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new year approaches. Since last month:  Active Listing Inventory has INCREASED by +14 units. Under Contract has DECREASED by -112 units. Sold units have INCREASED by +187 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 9/15/2012: 1119 Pending 9/15/2012: 11997 Closed August 2012: 1581 Short Sales Currently Account for:
23% of All Las Vegas Valley … (2 comments)

las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale May 2012 (includes Henderson & North Las Vegas) - 06/22/12 08:36 AM




The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new year approaches. Since last month:  Active Listing Inventory has DECREASED by -199 units. Under Contract has INCREASED by +241 units. Sold units have INCREASED by +139 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 6/15/2012: 1167 Pending 6/15/2012: 12009 Closed May 2012: 1291 Short Sales Currently Account for:
25% of All Las Vegas Valley … (2 comments)

las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale April 2012 (includes Henderson & North Las Vegas) - 05/22/12 08:20 AM




The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new year approaches. Since last month:  Active Listing Inventory has DECREASED by -598 units. Under Contract has INCREASED by +515 units. Sold units have INCREASED by +12 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 5/15/2012: 1366 Pending 5/15/2012: 11768 Closed April 2012: 1152 Short Sales Currently Account for:
28% of All Las Vegas Valley … (4 comments)

las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale March 2012 (includes Henderson & North Las Vegas) - 04/20/12 12:27 AM




The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new year approaches. Since last month:  Active Listing Inventory has DECREASED by -1001 units. Under Contract has INCREASED by +1077 units. Sold units have INCREASED by +57 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 4/15/2012: 1964 Pending 4/15/2012: 11253 Closed March 2012: 1140 Short Sales Currently Account for:
34% of All Las Vegas Valley … (3 comments)

las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale January 2012 (includes Henderson & North Las Vegas) - 02/21/12 10:27 PM



The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new year approaches. Since last month:  Active Listing Inventory has DECREASED by -779 units. Under Contract has INCREASED by +676 units. Sold units have DECREASED by -117 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 2/15/2012: 4156 Pending 2/15/2012: 9059 Closed January 2012: 982 Short Sales Currently Account for:
45% of All Las Vegas Valley Listings … (3 comments)

las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale October 2011 (includes Henderson & North Las Vegas) - 11/23/11 03:27 AM



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. Active Listing Inventory has DECREASED by -243 units. Under Contract has INCREASED by +44 units. Sold units have INCREASED by +1 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 11/15/2011: 5668 Pending 11/15/2011: 8531 Closed October 2011: 959 Short Sales Currently Account for:
47% of All Las Vegas Valley Listings 25% of All Las Vegas … (10 comments)

las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale September 2011 (includes Henderson & North Las Vegas) - 10/30/11 03:50 AM



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 -110 units. Under Contract has INCREASED by +53 units. Sold units have DECREASED by -56 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 10/15/2011: 5911 Pending 10/15/2011: 8487 Closed September 2011: 958 Short Sales Currently Account for:
47% of All Las Vegas Valley Listings 24% of All Las Vegas Valley Sales … (7 comments)

las vegas short sales: Las Vegas NV Area Sales by Type: Short Sales, REO, Standard Sales for September 2011 (includes Henderson & North Las Vegas) - 10/16/11 08:11 AM




Las Vegas Area October 15, 2011 Active Listings by Type
REO: 2725 (22%) Short Sale: 5911 (47%) All Other: 3954 (31%)
 
September 2011 Sales by Type:
REO: 2056 (52%) Short Sale: 958 (24%) Other: 964 (24%) 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.
Click here to see last month's Listing and Sales Type Report
Click here to view … (4 comments)

las vegas short sales: Las Vegas NV Area Pendings Report for September 2011 (includes Henderson & North Las Vegas) - 10/16/11 05:45 AM



Las Vegas Real Estate Inventory is seeing an unusually large amount of units closed for late summer. August almost broke records!  Pendings went WAY up in September.  2011 proves to be an interesting year for Las Vegas Real Estate!
Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)
Listings (10/15/2011): 12590 Under Contract (10/15/2011): 13212 Sold September 2011: 3978 Short Sales:
47% of Listings 24% of Sales REO (Foreclosures, Bank Owned:)
22% of Listings 52% of Sales In One Month: Listings are DOWN -483 units, Contracted Listings DOWN -121 units, Sales are DOWN -585 … (0 comments)

las vegas short sales: Economic Conditions for the Las Vegas Valley October 2011 (includes Henderson & North Las Vegas) - 10/08/11 04:28 AM



 
Foreclosure/Short Sale Listings (8/15/2011): Total Listings 13073; Short Sales: 6021, 46% of all listings; Bank Owned Listings: 3060, 23% of all listings. Short sale and REO listings consume 69% of total listings New Home Sales (August 2011, units sold): 366 Year Change -+9.9% (excl condo conversions, highrises) New Home Sales (August 2011, median price): $197,490 Year Change -1.9% (excl condo conversions, highrises) Existing Home Sales (August 2011, units sold): 4363 Year Change +49% Existing Home Sales (August 2011, median price): $107,000 Year Change: -12.3% New Home Permits (August 2011): 331 Year Change -14.2% Rental Rate (MLS Monthly … (5 comments)

las vegas short sales: 10/1/2011 The Nevada SRPD (Seller's Real Property Disclosure) Can No Longer Be "Waived" - 09/29/11 04:37 PM
Beginning 10/1/2011, Las Vegas NV area sellers will no longer be able to waive the SRPD (Seller’s Real Property Disclosure.)  Nevada passed SB 314 and the law goes into effect on October 1, 2011.
This will really affect many types of distressed sales (which are now between 70-75% of the Las Vegas Valley’s home resale market.)  These sales consist mostly of:
REO (bank owned) Trustee Sale Flips Short Sales (it seems about half of the seller’s waive the SRPD.) Formerly the buyers signed something that we called the “Waiver of NRS 113 Rights”.  Now the sellers will have to produce the SRPD document for buyer review.
(18 comments)

las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale August 2011 - 09/18/11 10:07 AM



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 … (9 comments)

las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale July 2011 - 08/27/11 05:57 AM



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 -74 units. Under Contract has INCREASED by +41 units. Sold units have DECREASED by -155 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 8/15/2011: 6129 Pending 8/15/2011: 8332 Closed July 2011: 813 Short Sales Currently Account for:
46% of All Las Vegas Valley Listings 21% of All Las Vegas Valley Sales … (6 comments)

las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale June 2011 - 07/19/11 09:44 AM



The absorption rate for Las Vegas Valley Area Short Sales has swung from a buyer's market back to a stable market.  Inventory has DECREASED by -198 units.  Under Contract has DECREASED by -38 units.    Sold units have INCREASED by +52 units.
There are many reasons for the lack of closings in this market and it is outlined in this post. 
Short Sale Synopsis:
Listings 7/15/2011:  6203 Pending 7/15/2011: 8291 Closed June 2011: 968 Short Sales Currently Account for:
45% of All Las Vegas Valley Listings 22% of All Las Vegas Valley Sales  Read here for last month's report on Las Vegas … (6 comments)

las vegas short sales: Will 2012 be "The Year of the Deficiency" in Nevada? - 07/15/11 03:00 AM

Yesterday my brain wondered this as I read Bryant Tutas’ Article on Active Rain:
5 Things A Realtor(r) Can Do To Protect Against Short Sale Liability.  
In Nevada a lienholder has up to 6 years to file a deficiency if it was not waived or taken care of in the short sale process.  The Stout Law Firm Ponders this in their article:
The Right to a Deficiency Judgment In a Short Sale  
Now given the fact that short sales in the Las Vegas NV Area didn’t become “sexy” until 2007.  This prompted the lil numbers girl in me to see how many short … (31 comments)

las vegas short sales: Economic Conditions for the Las Vegas Valley (includes Henderson & North Las Vegas) - 07/12/11 10:12 AM



 
Foreclosure/Short Sale Listings (6/15/2011): Total Listings 13926; Short Sales: 6401, 46% of all listings; Bank Owned Listings: 3365, 24% of all listings. Short sale and REO listings consume 70% of total listings New Home Sales (May 2011, units sold): 282 Year Change -33.8% (excl condo conversions, highrises) New Home Sales (May 2011, median price): $190,468 Year Change +2.0% (excl condo conversions, highrises) Existing Home Sales (May 2011, units sold): 3841 Year Change +9.0% Existing Home Sales (May 2011, median price): $111,000 Year Change: -11.2% New Home Permits (May 2011): 435 Year Change +10.1% Rental Rate (MLS Monthly … (7 comments)

las vegas short sales: The Road to Hell is Paved With Good Intentions! - 07/09/11 08:34 AM

If you are a “distressed homeowner” you probably already know plenty of people with good intentions who are wanting to make a quick buck off of your situation.  Each distressed situation is like a thumbprint – it doesn’t have the same solution or resolution in the end.
So what does one do:  Loan Modification?  Short Sale?  Ride Out the Foreclosure Process Until a Sale Date?  Deed-in-Lieu of Foreclosure?
There are consequences to all of the above so the first steps that should be taken are NOT to contact someone who has something to sell.  The first steps would be to contact … (19 comments)

 
Renée Donohue, Las Vegas Real Estate Broker - www.urLVhome.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate) Ambassador large

Renée Donohue

Las Vegas Real Estate Broker - www.urLVhome.com

Las Vegas, NV

More about me…

Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate

Address: 6525 W Warm Springs Rd, Ste 100, Las Vegas, NV, 89119

Office: 702-966-2494

Office: 702-966-2494

Email Me

Newest Pool Homes for Sale:


Listings

Links

Archives

RSS 2.0 Feed for this blog