Is this the calm before the storm in the Henderson Nevada bank owned homes market? Our inventory levels have shown very little movement through June. With the recent end of the foreclosure moratorium, we keep looking for signs of the "second wave" of REOs, but have not seen it yet.
Henderson Nevada REO Inventory, 06-27-09
| |
Total Listings |
REO Listings |
% REO |
Total Escrows |
REO Escrows |
% REO |
| Single Family |
|
|
|
|
|
|
| 06/27 |
1554 |
236 |
15.2% |
1427 |
443 |
31.0% |
| 06/20 |
1546 |
222 |
14.4% |
1456 |
471 |
32.4% |
| 06/13 |
1560 |
230 |
14.7% |
1464 |
489 |
33.4% |
| 06/06 |
1605 |
246 |
15.3% |
1455 |
501 |
34.4% |
| Condominium |
|
|
|
|
|
|
| 06/27 |
232 |
60 |
25.9% |
179 |
100 |
55.9% |
| 06/20 |
229 |
62 |
27.1% |
183 |
104 |
56.8% |
| 06/13 |
248 |
72 |
29.0% |
179 |
100 |
58.5% |
| 06/06 |
251 |
72 |
28.7% |
171 |
106 |
62.0% |
| Townhouse |
|
|
|
|
|
|
| 06/27 |
136 |
37 |
27.2% |
156 |
69 |
44.2% |
| 06/20 |
137 |
37 |
27.0% |
163 |
74 |
45.4% |
| 06/13 |
146 |
39 |
26.7% |
149 |
72 |
48.3% |
| 06/06 |
161 |
48 |
29.8% |
139 |
66 |
47.5% |
Because of the limited inventory and the great perceived value by both investors and first time buyers, activity on Henderson bank owned homes is extremely competitive. Be prepared to write offers on multiple properties and/or above list price if you want one of these homes.
If you'd like more info about Henderson bank owned homes or the Henderson real estate market, just give me a call at (702) 339-9700 or email me at JohnNovak@kw.com. I'm ready to go to work for you.
John,
;)
;)
Make two comments and you will go over 400K John! Congrats!!