This is 2 weeks in a row that I've slacked off and didn't give you all your Las Vegas stats.  I have to apologize, but this week has been extremely busy for me, which is a good thing!

Anyway, this is going to work out.  We'll get to see the stats just before the end of the month and I'll run the numbers again on about Tuesday to see how much things change.

The REOs are still pulling strong numbers over 17% of the sales over the last 30 days have been REO according to the MLS.  But...I think that number is much higher,  The only way to discern that a property is an REO is by looking for REPO in the property description.  I'll tell you that just looking through the MLS (a lot) doing my BPOs that probably 30-60% of the time REPO is not indicated in the MLS.  Now, I don't believe it's "required" to put REPO in the property description if it's an REO, but it sure would help me get the numbers right!  I would definitely say that REO sales are more like 20% and maybe even up to 25% of the total sales occuring now.

Well, Here are the rest of your stats:

Lowell Caro, Jr.  Your Real Estate Market Advisor  
           
Weekly MLS Market Snapshot  
           
As of COB: Thursday 29 Nov, 07 @ 9:30 pm  
           
Catagory   Number Totals Vacant Percentages
SFR Inventory   21,730   10,202 46.95%
Condo Townhome Inventory   5,628   3,184 56.57%
Total     27,358 13,386 48.93%
Total Contingents and Pending   2,307   1,714 74.30%
Total     29,665 15,100 50.90%
Short Sales (EA/ER)   4,179   1,746        41.78%
Repos (estimated EA/ER)   2,122        N/A
Total Distressed     6,301          23.03%
Total Sold in last 30 Days   1,233   903        73.24%
Sold short sales     79            6.41%
Sold REOs     213   17.27%
Months of inventory at current rate of consumption (29,665/1,233) 24.05920519

 

 

1 Comments on Somebody keep me straight!

NOV
29
2007
621,749 Points 11 Featured Posts Outside Blog Attended Rain Camp Called Shot Master
Thanks for providing the stats for Las Vegas. It don't know anything about the Las Vegas Market but I was always curious to find out. By the way,is there a particular part/subdivision in Las Vegas that is hot? Great post.
11:46pm • #1


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Lowell Caro Jr - REO Broker and Market Advisor

Las Vegas, NV

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Keller Williams

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