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Las Vegas Area Concessions

Here is what buyers received in seller paid concessions on November 2009 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500:  63% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000:  19%
  • 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!  Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs!

Last Month's Concession Stand

copyright 2006-2011 Renee Burrows, REALTOR®, The Force Realty  702-966-2494

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7 Comments on Las Vegas Area Real Estate Market Seller Concession Stand December 2009

JAN
22
2010
764,070 Points 1 Featured Post

I am always amazed on your great graphs and easy to follow info.  Great job!
9:39am • #1
1,074,456 Points 2 Featured Posts Hit Router

Renee

62% seems like the market is getting stronger and some buyers are happy to get the property.
11:11am • #2
1 Featured Post

Love the graphs, and your recent post on internet lead conversion. Good job!
1:51pm • #3
313,393 Points 8 Featured Posts Outside Blog

Renee,

Most of the sellers supposedly are banks, so the 63% figure is understandable. Buyer's market seems to be the thing of the past, for now anyway.
5:21pm • #4
1,179,075 Points 133 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Kristin:  THANKS!!

Tom:  I think It got around 2% stronger this month!

Joseph:  Thanks so much!

Esko:  For now, we all know how the winds of this market change quickly!!
7:03pm • #5
698,533 Points 35 Featured Posts Outside Blog Called Shot Master

Renee - This is excellent information about the Las Vegas NV real estate market for buyer's.
8:15pm • #6
JAN
23
2010
1,179,075 Points 133 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Michelle:  I feel it is good info for buyers who are trying to make that decision on how much they should ask for in concessions!
6:14pm • #7

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Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com

Las Vegas, NV

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BrokerThe Force Realty-REALTOR-Estate-Probate-REO-Short Sale

Address: 7854 W Sahara, Ste 110, Las Vegas, NV, 89117

Office Phone: (702) 966-2494 x 0

Cell Phone: (702) 580-1783

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