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Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale June 2012 (includes Henderson & North Las Vegas)

By Renée Donohue~Home Photography

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

July 19, 2012 06:50 AM

The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new year approaches. Since last month: Active Listing Inventory has DECREASED by -47 units. Under Contract has INCREASED by +77 units. Sold units have INCREASED by +30 units.

There are many reasons for the lack of closings in this market and it is outlined in this post .

Short Sale Synopsis:

Listings 7/15/2012: 1120
Pending 7/15/2012: 12086
Closed June 2012: 1321

Short Sales Currently Account for:

24% of All Las Vegas Valley Listings
35% of All Las Vegas Valley Sales

Read here for last month's report on Las Vegas Area Short Sales.

Most Current Market Report For Short Sales

Information About the Short Sale Process for Las Vegas Area Short Sale Buyers & Sellers

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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Sandy Acevedo

951-290-8588 - Chino Hills, CA

RE/MAX Masters, Inland Empire Homes for Sale

This is great localism and a visually appealing market report.I would like to learn how you superimpose the pie chart on that great LV background.

Jul 19, 2012 07:47 AM

Kwee Huset

Kwee Huset Realty - Venice, FL

Venice Florida Homes For Sale

Hi Renee, very detail market report keeping everyone informed and educated. Congratulations on your FEATURED post.

Jul 19, 2012 07:58 AM

Kevin Mackessy

Blue Olive Properties, LLC - Highlands Ranch, CO

Dedicated. Qualified. Local.

Nicely detailed graphs with accompanying statistics.

Jul 19, 2012 08:09 AM

Beth Atalay

Cam Realty and Property Management - Clermont, FL

Cam Realty of Clermont FL

Renee, this is a great report, charts and the information you've provided are well detailed.

Jul 19, 2012 08:43 AM

Juli Vosmik

Dominion Fine Properties - Scottsdale, AZ

Scottsdale/Cave Creek, AZ real estate 480-710-0739

Wow, Renee, if those short sales ever close, your Las Vegas real estate market inventory will be next to nothing. That's crazy.

Jul 19, 2012 09:44 AM

Melissa Zavala

Broadpoint Properties - Escondido, CA

Broker, Escondido Real Estate, San Diego County

Renee: I just love your snazzy charts. They should have you teach a class!

Jul 19, 2012 11:10 AM

Joan Whitebook

BHG The Masiello Group - Nashua, NH

Consumer Focused Real Estate Services

Hmm the markets in many areas seem to be changing. We will have to stand by and see what happens int he next 3-6 months. Hope your market continues to show positive signs.

Jul 19, 2012 12:13 PM

Carla Muss-Jacobs, RETIRED

RETIRED / State License is Inactive - Portland, OR

And that, boys and girls, is how you do a localism market report! Great news and with supply and demand, hopefully for the market sales will increase.

Jul 19, 2012 01:36 PM

Doug Bullwinkel

E Mortgage Capital, Inc. NMLS 1416824 - Roseville, CA

Mortgage Loan Officer NMLS #281609

Very interesting market report for the Las Vegas area. I didn't realize that you have that many sales pending for that size community. Lots of activity there.

Jul 19, 2012 07:55 PM

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I love your market reports. They are easy to understand . It will be nice to see a post about how you do it.

Jul 19, 2012 10:41 PM

1~Judi Barrett

Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK

BS Ed, Integrity Real Estate Services -IDABEL OK

Sounds like the Las Vegas Real Estate market has made a turn. Less inventory sounds great. It's about time you guys got some relief out there in the fun filled desert.

Jul 20, 2012 12:09 PM

David O'Doherty

Clayton, NC

Clayton NC Homes, Raleigh, NC

"I'm looking for a short sale in the Las Vegas Area"......I believe I have found the person who can help me find that short sale in Vegas. Great job Renee

Jul 20, 2012 07:55 PM

Gary Frimann, CRS, GRI, SRES

Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA

REALTOR and Broker

Renee, I like your post and the graphics and the way you present it. Well done and inspirational! I know the LV area was hit extremely hard by the mortgage crisis, and I hope your well presented post brings in a ton of business.

Jul 21, 2012 01:20 AM

Renée Donohue~Home Photography

Savvy Home Pix - Allegan, MI

Western Michigan Real Estate Photographer

Thank you all for the comments! Yes Joan - we are changing crazy fast!

Aug 29, 2012 11:31 PM

Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale June 2012 (includes Henderson & North Las Vegas)

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