las vegas market data: December and End of 2008 Median Price Report - Las Vegas - 01/27/09 07:17 PM
The End of the Year. Las Vegas finished what is the worst decline in home values in a calendar year for 2008. December posted the second highest decline in median price across the entire GLVAR MLS for the year following September's decline. What do the coming months in 2009 have in … (0 comments)
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las vegas market data: Las Vegas Real Estate Market Snapshot 1.26.2009 - 01/27/09 06:23 PM
The Las Vegas Housing Market Remains Active! While listing inventory continues to creep up ever so slightly, the Las Vegas real estate market supply continues to remain stable at 8.9 months. This is good news as prices continue to slip - now averaging close to 50% less than the market peak … (1 comments)
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las vegas market data: Las Vegas Real Estate, a Graphic Perspective - 08/13/08 12:54 AM
A new report I am compiling is now available on my main blog www.lasvegasrealestatewire.com It is a compilation of my Las Vegas real estate market snapshot data I keep each and every week. Some interesting points are sold listings to date - we are ahead 14 percent year over year. Considering … (0 comments)
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las vegas market data: Knowledge is Power - 12/12/07 10:51 AM
Distressed Homes Continue to Grow Marketshare
1 to 2 in 10 listings in the MLS are bank repos. The assault of reposessed homes continues to flood the market and make the resale market tough for traditional owner/sellers. Short sale offerings now account for 1 in 5 mls listings. Bank repos and shortsales … (0 comments)
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las vegas market data: November Sinks the Market to a New Low - 12/04/07 01:09 PM
1087 detached homes and condo/townhomes closed in November - a new low for the mls this decade. The winter season is historically the low point of our market rhythm. December and January typically chalk the lowest percentage of our annual closings. Good news? Listing inventory continues to decline-this past 7 days … (2 comments)
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las vegas market data: Las Vegas November Median Prices - 12/04/07 01:05 PM
The Average Joe Index. The greater Las Vegas area real estate values continue to trend down as high inventory, a slower sales season, and bank repos continue to pressure home prices. Here are this month's numbers;
Home Size Median vs Nov 06 vs Peak (mo/yr)1500sf $236,500 -14.9% -20.1% (11/05)2000sf $297,450 … (0 comments)
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las vegas market data: Knowledge is Power! - 11/15/07 11:19 AM
What I'm Watching...
Is there really good news in the market? Possibly. Listings on the market continued to decline for the 3rd straight week. Inventory of homes are down 2.5% in the last 3 weeks. At the same time new pending sales contract have increased each week for the past 5 weeks. … (3 comments)
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las vegas market data: Las Vegas Real Estate Data Market Snapshot 9.17.07 - 09/18/07 11:23 PM
It's a bad news, good news day. First the bad news. This week's rolling 30 day solds (homes sold in the last 30 days) represents the lowest number of sales (1206) in a 30 day period this year. It might be the lowest this decade. Use the 30 day sold number … (2 comments)
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las vegas market data: Las Vegas Real Estate Market Data Snapshot 9.10.2007 - 09/11/07 11:15 PM
Closings in Boca Raton changes the luxury condo supply. Condo listings jumped 52 units (7%) in 7 days. With a reduction in closed units to only 9 in the last 30 days, suppy has extended to 88 months - if last week's numbers were to remain constant. Look for some opportunities … (0 comments)
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las vegas market data: What has the Credit Crunch Done to Your Market? - 09/10/07 07:35 PM
The Credit Crunch. What a difference a few weeks can make. While the fed tries to determine whether or not the real estate economy is in need of resuscitation, here are some figures in the Las Vegas market to help make a decision.
In just 7 weeks the Las Vegas market has … (2 comments)
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las vegas market data: Market Information - 09/06/07 12:35 AM
Here are comments I submitted to a relo company today when asked to do a second opinion on a home on the market with a very competent agent at CB Premier.
The subject is a very nice home; well maintained in side and out. Any buyer could move right into this unit. Positives are … (4 comments)
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las vegas market data: August Median price for 1500sf home down! - 09/05/07 12:41 AM
The overall market median for Las Vegas real estate has not moved as much as agents know it has. The active million plus market continues to prop the median for the market. I keep track of homes the average Joe buys. The median price for a 1500 square foot home in August … (6 comments)
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las vegas market data: Las Vegas Real Estate Market Data Snapshot 9.3.2007 - 09/05/07 12:22 AM
End of month brings reprieve to inventory growth. But it is only temporary due to the end of month on a weekend as well as a holiday weekend. The market though remains a concern. Even with a decrease of 170 total listings, the months to absorb inventory (supply) grew to more … (0 comments)
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las vegas market data: Las Vegas area high-rise and lofts - 04/25/07 12:16 AM
The vertical living lifestyle is one crowded pool to be swimming. On 4.24.2007 there are 699 available listings. 35 are in pending and 17 closed in the last 30 days. divide the 17 into the 699 and there is a 41 month supply of vertical living units for sale. WOW! It … (1 comments)
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las vegas market data: Las Vegas Weekly Market Real Estate Data Snapshot 4.24.2007 - 04/25/07 12:01 AM
Created by RE/MAX Advantage for RE/MAX Advantage.
HeadlineDid the sub-prime market have a bigger play in our local market than originally thought? Pending index this week is the second lowest to date for 2007. New to the snapshot is the high-rise and loft sub-market. The high-rise sold numbers are closed within the … (0 comments)
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las vegas market data: Weekly Market Data Snapshot 4.19.2007 - 04/16/07 11:38 PM
Created by RE/MAX Advantage for RE/MAX Advantage.
HeadlineMarket activity struggles to keep pace with inventory growth. New listings grew by almost 2% in the past week while pending sales by increased 1.2%. How much of the inventory is increase in seasonal? We'll crunch some numbers in time for next snapshot.
The last … (1 comments)
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las vegas market data: Resale market turnaround? - 02/13/07 10:24 AM
Market activity is picking up. Last week was the the most active since the first of the year in new pending sales. With a significant increase in listing inventory (new listings to the market) our pending index still moved to more positive territory.
From a home builders perspective. Through the grapevine I … (0 comments)
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las vegas market data: January 2007 Monthly Median Report - 02/13/07 12:10 AM
Monthly Median/Inventory ReportPrepared by RE/MAX Advantage. Exclusive to RE/MAX Advantage.
January 2007
Marketwide MLS Median Price$302,000
3 typical homes vs 2006
1500sfMedian price $264,900 ($287500 ~ 2006) down 7.9%Avg DOM 74 (50 ~ 2006) up 48%
2000sfMedian price $340,000 ($356,000 ~ 2006) down 4.5%Avg DOM 81 (71 ~ 2006) up 12.5%
2500sfMedian price $430,000 ($450,000 ~ 2006) … (0 comments)
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las vegas market data: Las Vegas Weekly Snapshot - 02/12/07 11:22 PM
Weekly Snapshot 2/12/2007
Created by RE/MAX Advantage for RE/MAX Advantage.The last 7 days of the Las Vegas valley marketplace
Total Listings SFR 15865 (+257/week) Condo 4652 (+111/week) Total 20149 (+368/week) (up 1756 (9.4%) since 1/1)
Vacant units SFR 42% Condo 53% Total 44%
Total Pendings SFR 2586 (+113/week) CONDO 510 (+14/week Total 3096 (+127/week)
Pending Index 151 (147 last week // 153 on … (0 comments)
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