Real Estate Blog - Las Vegas, NV Area New Construction January 2008 Report

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Las Vegas, NV Area New Construction January 2008 Report

While we saw an upward tick in Las Vegas New Construction units sold in October, we have a slight downward number

of units sold in December. There is barely any standing inventory to close. Building permits are up a whopping 114%. This is good news because most major builders in town are pulling permits only when they have a contract from a buyer.

With that being told, I am expecting units sold to rise from late winter to spring & summer. While the resale market still remains pitiful, new construction is moving along. REO (bank owned, forclosed property) sector is beginning to see movement and absorption.

Las Vegas New Construction Units Sold:

December 2007: 2261
November 2007: 2643
October 2007: 2752
November 2006: 3006
December 2006: 3203

I remain optimistic in this sector with building permits being pulled so high.

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Posted by Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR on 01/18/2008 07:38 AM

las vegas new construction

Originally posted at: Nevada Real Estate >> Las Vegas Real Estate Specialist: Las Vegas, NV Area New Construction January 2008 Report

This post has been included in Nevada Information Clark County, NV Information Las Vegas, NV Information

1 Comments on Las Vegas, NV Area New Construction January 2008 Report

JAN

18

2008

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It sounds like your market is starting to turn around. Great news for everyone. I love the picture.

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Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR

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Address: 7465 W Lake Mead # 100, Las Vegas, NV, 89128

Office Phone: (702) 966-2494 x 0

Cell Phone: (702) 580-1783

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