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Las Vegas NV Area Sales by Type: Short Sales, REO, Standard Sales for December 2011 (includes Henderson & North Las Vegas)

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

Las Vegas Area Sales by Type

Las Vegas Area Sales by Type

Las Vegas Area Sales by Type History

Las Vegas Area Sales by Type

Las Vegas Area January 15, 2012 Active Listings by Type

  • REO: 2025 (20%)
  • Short Sale: 4935 (47%)
  • All Other: 3486 (33%)

Las Vegas Area Short Sale, REO & Standard Sales

 

December 2011 Sales by Type:

  • REO: 1974 (48%)
  • Short Sale: 1099 (27%)
  • Other: 1025 (25%)

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

Click here to view the most recent stats

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.

Posted by

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

 

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Comments (8)

Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Renee, it looks like the REO numbers are creepnig up there.  How does this compare to a year ago?  Did the new foreclosure laws in Nevada have any effect on the numbers?

Jan 20, 2012 03:33 AM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

67% still distressed.  Looks like you have a ways to dig out yet.  BUt hang in there.  At least they are moving well.

Jan 20, 2012 01:27 PM
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

Still lots of REO an short sales. Hope they all close soon

Jan 20, 2012 02:12 PM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - Excellent market overview for Las Vegas NV.  Have a great weekend!

Jan 20, 2012 02:34 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Renee, Looks like it's still a ways to go to get out of that foreclosure market, but you do a great job of getting the word out to all!

Jan 21, 2012 04:52 AM
DeeDee Riley
Lyon Real Estate - El Dorado Hills CA - El Dorado Hills, CA
Realtor - El Dorado Hills & the Surrounding Areas

Wow Renee, look at all your short sales.  Doesn't surprise me with how quickly Las Vegas grew in those volitile years!  Our short sales for the Sacramento Valley equate to only 33%, with 19% REO and 48% traditional sales.   Great report as usual!

Jan 21, 2012 03:52 PM
Sharon Paxson
Sharon Paxson, Realtor® EQTY Forbes Global Properties - Newport Beach, CA
Newport Beach Real Estate

Hi Renee - excellent market report for Las Vegas by type. Interesting with the high REO sales, but listings are less. This is excellent data.

Jan 24, 2012 03:24 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

THank you all for the comments!

Juli - we are getting CRUSHED by the new foreclosure law.  We have SO little inventory!  In fact, we are down 130 units from when I pulled all my stats yesterday.  It is complete and total chaos here right now!  I have been trying to put out a blog post since noon and it is 5:30 right now!

Feb 16, 2012 12:36 PM