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Las Vegas NV Area Concession Stand Feb 2011 (includes Henderson & North Las Vegas)

By
Services for Real Estate Pros with Savvy Home Pix B.1000860.LLC

Las Vegas Real Estate

Here is what buyers received in seller paid concessions on December 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:  19%
  • Over $4001:  12%

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

Most Current Concession Stand

What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?

General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’s that?)  It means that I cover the cities of Las Vegas, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley.  They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.

View More FAQ About My Las Vegas Area Real Estate Market Reports.

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Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

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Comments (7)

Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Renee - My market, Palos Verdes Peninsula, is tipped toward a seller's market too.  The uptick in new inventory has not happened this Spring--yet. 

Apr 09, 2011 05:04 AM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Very typical of a seller's market...no need to give up much when there aren't many properties to choose from.  My area is the complete opposite, a buyers market with lots of inventory in ever price range. 

Apr 09, 2011 09:09 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Anita & Norma - thanks for the comments!  It is always interesting to see all the different things that happen in the different markets!  Thank you for sharing that!

Apr 09, 2011 09:13 AM
Bill Burchard
3B Realty: 951-347-3818, CA - Murrieta, CA
Broker, Realtor, Representing Buyers and Sellers

Good afternoon, Renee. I hope you’re enjoying a pleasant Saturday there in your Las Vegas, NV area.

Those seller concession stats certainly suggest that now is a great time for Henderson & North Las Vegas home owners who are considering selling to give you call. (You’re an expert in determining home values in those areas, and could help home owners price their home right.)

Apr 09, 2011 09:43 AM
Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

Renee, another great chart showing sellers concessions in Las Vegas. Alway good stuff for buyers to know about!

Apr 09, 2011 11:23 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - I can't tell you the last time I wrote an offer asking for seller concessions.

Apr 09, 2011 04:07 PM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks Everyone for Comments!

May 10, 2011 12:53 AM