Las Vegas Area March 15, 2010 Active Listings by Type
February 2010 Sales by Type:
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
Hi Renee, I stopped by to forward a link to your excellent market reports to my friend, and fellow AR member Pippa Mac in Houston. She was looking for examples of the best market and neighborhood reports so I am sending examples from you, Debe Maxwell and Karen Kruschka. I think y'all do the best job and I know I need to get busy on my own! Thanks!
Renee - Why are there so many short sales for sale in Las Vegas NV? 48% is a huge number.
At a glance that looks like you're moving quickly in the right direction. I didn't realize the inventory had peaked that high there, keep whittling it down. Thanks Renee!
Renee -- as usual an excellent job and great graphics. I hope we all have a very successful spring and beyond.
Renee -- as usual an excellent job and great graphics. I hope we all have a very successful spring and beyond.
Renee, that's a lot of shortsales listings available. Not surprise to see so many REO closed sales as cash is pouring into Vegas to snatch up these deals.
Renee - Another great job with the charts. It makes it easy to read and understand. It's finally starting to warm up here and getting busy in Tennessee.
I wonder when we will see the short sale level start going down...that seems to be a pretty typical representation around the US right now...
Renee - how is the overall inventroy level out there say versus last month and also last year? From what I've heard and read, it appears that inventory is remaining extremely tight out there.
Great stats adn graphics as always!
Renee
I am still amazed at how many short sales there are and they seem to be the major seller.
Hi Renee, Great information about your area! Russell gave me your name so I could review your market reports ... LOVE it!!! thank you, pippa
Renee,
REOs dominated February sales by a wide margin, but short sales are likely to eat into that in the coming months.
Russell: Thanks!
Michelle: The short and quick answer is because so many people are upside down. The long answer deserves it's own blog post :)
Kevin: It's high still, just all under contract/pending :)
Joan: Cheers to that!
Leolinda: Thanks and thanks!
David: High amounts of cash is good as we are cycling through to 2007 defaults now! That means the dam will stop at some point. Where? I don't know.
Larry: Good news about warm & busy!
Kristin: It's going to be years and years before it winds down here!
AJ & Jodee: Inventory is extremely tight here!! It is coming on the market quickly and high buyer interest is taking it off the market quickly.....for now!
John: No doubt, me too!
Tom: We are seeing them close finally!
Pippa: Well thanks for stopping by ;)
Esko: Yes and the trustee flips are gaining ground BIG TIME!!
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