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Las Vegas Area Homes for Sale

Here is what buyers received in seller paid concessions on June 2010 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500:  69% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000:  18%
  • Over $4001:  13%

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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8 Comments on Las Vegas NV Area Real Estate Market June 2010 Concession Stand (includes Henderson & North Las Vegas)

JUL
28
2010
1,256,067 Points 242 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Renee- Can you do my graphs for me? :) Love the look of those. 
11:21am • #1
133,179 Points 25 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Renee,  This is a great graphic to show clients when they are shopping...really put the facts in front of the clients so they know where the market stands.  Nice!
11:22am • #2
132,042 Points Called Shot Master

Renee, this is exceptional information, both in content and presentation.
11:32am • #3
351,030 Points 24 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Renee - great report on concessions. When I think about my market here and we have an entry in our MLS for concessions, i'm still hesitating about its accuracy of reporting.
11:33am • #4
415,667 Points 29 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

wow...what a change Renee! Same thing here. 3% to as much as 6% seller subsidy of buyers closing costs was the norm 18 months ago. Zero to $5k is what is happening now.
1:05pm • #5
281,336 Points 1 Featured Post Called Shot Master

A little "Tighten Up" is going on in LV apparently.  I'll have to add another monitor to gather the full effect Renee. 
2:55pm • #6
698,517 Points 35 Featured Posts Outside Blog Called Shot Master

Renee - This is probably my favorite market report that you do, I love to see what Las Vegas NV seller's are contributing to the buyer's purchase if anything.  A lot of my buyer's ask for closing costs, but almost all could pay their own if they had too.
4:10pm • #7
1,178,309 Points 133 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Thanks for all of the love!

Michelle:  it is my favorite market report also!

Kevin:  You always crack me up with your constructive criticism!

Steve & Jan:  Actually we are seeing concessions come back in style as inventory is beginning to gather dust from first time buyers getting what they wanted.

Petra:  I do at times too.

Mary Kay:  Thanks for the compliment!

Deborah:  Thanks for the reblog!

Katerina:  LOL, I said in another market report I should start doing these "for hire".  Got the graphs just need the data ;)
9:22pm • #8

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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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