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Las Vegas NV Area Concession Stand December 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 2011 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500: 70% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000: 20%
  • Over $4001: 10%

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(9)

Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Renee-what a great thing to track, and extremely good information to arm your sellers and buyers with!

Jan 26, 2012 03:12 AM
Larry Lawfer
YourStories Realty Group - Newton, MA
"I listen for a living." It's all about you.

I agree with Adrian, this is powerful information to have at you disposal. Thanks for sheding some more light on our industry.

Jan 26, 2012 03:55 AM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Renee, great information on your Las Vegas real estate market.  It's good to hear there some improving values there, probably due to the low inventory.  

Jan 26, 2012 03:55 AM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Renee,

Sellers in your market are not giving up squat!. Here the norm is anywhere between 2-4% off of list. I think this shows your market is getting fairly strong.

Thanks for our comments and many of the master oplanned communitities in Katy did not have a sle last year lower than $150 K. We also do not have very many foreclosures or short sales. Yes we have been very fortunate.

 

Jan 26, 2012 05:57 AM
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

It amazes me how strong of a market you have by you.

Jan 26, 2012 01:49 PM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

You gotta love it when Sellers no longer have to through in the kitchen sink in order to sell their home.

It's about time buyers started not getting everything in the world just to buy a home.

Jan 26, 2012 02:28 PM
C. Lloyd McKenzie
Living Albuquerque - Albuquerque, NM
Living Albuquerque

Good Evening Renee,

Excellent reporting on the Las Vegas Market.  Ared with this information, prospective uyers ad sellers ca ake more educated decision aout buying and selling in Las Vegas.  The first step should be to you.

Jan 26, 2012 04:43 PM
Surprise Arizona Realtor Jim Braun Sun City Grand Active Adult Communities
Coldwell Banker Residential Brokerage Jim Braun Sun City Grand Az - Surprise, AZ
Surprise AZ real estate Phoenix West Valley

It looks like zero, zip, nada rules in Vegas.

Jan 27, 2012 12:10 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you all for the comments!

Mar 02, 2012 09:14 AM