las vegas short sales: Las Vegas NV Area Sales by Type: Short Sales, REO, Standard Sales for May 2011 (includes Henderson & North Las Vegas)
- 06/26/11 06:49 AM
Las Vegas Area June 15, 2011 Active Listings by Type
REO: 3365 (24%) Short Sale: 6401 (46%) All Other: 4160 (30%)
May 2011 Sales by Type:
REO: 1784 (46%) Short Sale: 916 (24%) Other: 1141 (30%) 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 … (2 comments)
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las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale May 2011
- 06/16/11 04:14 AM
The absorption rate for Las Vegas Valley Area Short Sales has swung from a buyer's market back to a stable market. Inventory has DECREASED by -259 units. Under Contract has INCREASED by +104 units. Sold units have INCREASED by +16 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 6/15/2011: 6401 Pending 6/15/2011: 8329 Closed May 2011: 916 Short Sales Currently Account for:
46% of All Las Vegas Valley Listings 24% of All Las Vegas Valley Sales Read here for last month's report on Las Vegas … (11 comments)
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las vegas short sales: Las Vegas Short Sale or Foreclosure? Confused? Free Class by Local Attorney.
- 05/21/11 09:07 AM
Many Las Vegas area homeowners are faced with that question. The problem is, each homeowner’s circumstance is different. Short Sale is not necessarily a blanket solution to each homeowner’s problem. If you have questions concerning your financial future, I encourage you to attend the following free event by a local attorney:
Q & A with Michael M Later, esq.
May 24, 2011
10:00-11:30 AM
Must RSVP, See Flyer
… (8 comments)
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las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale April 2011
- 05/20/11 01:37 AM
The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has DECREASED by -384 units. Under Contract has INCREASED by +103 units. Sold units have DECREASED by -105 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 5/15/2011: 6660 Pending 5/15/2011: 8225 Closed April 2011: 900 Short Sales Currently Account for:
47% of All Las Vegas Valley Listings 24% of All Las Vegas Valley Sales Read here for last month's report on Las Vegas … (5 comments)
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las vegas short sales: Las Vegas NV Area Sales by Type: Short Sales, REO & Standard for Apr 2011 (includes Henderson & North Las Vegas
- 05/16/11 01:28 AM
Las Vegas Area May 15, 2011 Active Listings by Type
REO: 3077 (22%) Short Sale: 6660 (47%) All Other: 4359 (31%)
April 2011 Sales by Type:
REO: 1816 (48%) Short Sale: 900 (24%) Other: 1074 (28%) 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 … (9 comments)
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las vegas short sales: Economic Conditions for the Las Vegas Valley (includes Henderson & North Las Vegas)
- 05/08/11 07:59 AM
Foreclosure/Short Sale Listings (4/15/2011): Total Listings 14125; Short Sales: 7044, 50% of all listings; Bank Owned Listings: 2822, 20% of all listings. Short sale and REO listings consume 70% of total listings New Home Sales (March 2011, units sold): 276 Year Change -35.4% (excl condo conversions, highrises) New Home Sales (March 2011, median price): $195,950 Year Change -7.1% (excl condo conversions, highrises) Existing Home Sales (March 2011, units sold): 4159 Year Change +3.9% Existing Home Sales (March 2011, median price): $113,000 Year Change: -9.2% New Home Permits (March 2011): 339 Year Change -53.6% Rental Rate (MLS Monthly … (0 comments)
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las vegas short sales: Distressed Property Sales Are Like Chicken Nuggets!
- 05/07/11 01:29 PM
When my children were little and loved chicken nuggets I would cringe. I can only imagine the recipe of chicken nuggets. In my mind chickennuggets are (yes I am getting graphic here) pieces and parts of chicken swept up off the floor and compressed somehow. Someone lovingly breads them and throws them in the deep fryer.
A month ago my dad says I need to write a book on this – as in this market. I told him I have a blog but he is trying to convince me that a book would be better. I told him we are not … (69 comments)
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las vegas short sales: Las Vegas Area Short Sale Real Estate Market Report & Homes for Sale Mar 2011
- 04/20/11 07:10 AM
The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has DECREASED by -377 units. Under Contract has INCREASED by +203 units. Sold units have INCREASED by +155 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 4/15/2011: 7044 Pending 4/15/2011: 8122 Closed March 2011: 1005 Short Sales Currently Account for:
50% of All Las Vegas Valley Listings 24% of All Las Vegas Valley Sales Read here for last month's report on Las Vegas … (3 comments)
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las vegas short sales: Buying a Cheap or Inexpensive Las Vegas Home Under $80K
- 04/16/11 09:45 AM
There is a new site in town for inexpensive Las Vegas Area homes for sale: LasVegasFireSale.com
This is a guide that features:
Cheap Las Vegas homes for sale under $80K Who finances these inexpensive properties? How the heck can one purchase one with thousands of fisherman in the same sea where there is only a couple of hundred fish biting to close every month? (It’s Tricky!) Or just view these Las Vegas Cheap Homes for Sale right here:
Las Vegas Homes for Sale Under $20K Las Vegas Homes for Sale Between $20K-$30K Las Vegas Homes for Sale Between $30K-40K Las Vegas Homes for Sale Between $40K-50K … (12 comments)
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las vegas short sales: Las Vegas NV Area Market Watch (includes Henderson & North Las Vegas)
- 04/15/11 11:39 AM
**Spring Buying Season is in Full Swing!**
After the tax credit expired last spring, we experienced a rise in inventory through November. With the spring season here - combined with low prices and interest rates - we are now seeing inventory snatched off the shelves again!
Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post.
Las Vegas Area Real Estate Market Watch was created for informational purposes only.
This is for all the buyers wondering "where is the inventory"? The inventory is here, this graph shows that buyer interest is extremely high … (4 comments)
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las vegas short sales: But They Told Me the Short Sale Was Already Approved!
- 04/08/11 06:46 AM
I have a very close acquaintance that is purchasing an “approved” short sale home in another city and is frustrated. To protect the innocent, Iwill call him “dad” from now on.
Dad called me the other day, very frustrated as mentioned, annoyed with the banks taking their sweet little time on his “approved” short sale. He has bought the furniture and cannot understand why they cannot close on this “approved” short sale ASAP.
I had to explain several things to dad about “approved” short sales. First of all it has to be determined at what capacity the short sale was “approved”. Did it have a buyer that … (85 comments)
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las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale Feb 2011 (includes Henderson & North Las Vegas)
- 04/04/11 01:37 AM
The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has DECREASED by -307 units. Under Contract has INCREASED by +324 units. Sold units have DECREASED by -1 unit.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 3/15/2011: 7421 Pending 3/15/2011: 7919 Closed February 2010: 850 Short Sales Currently Account for:
51% of All Las Vegas Valley Listings 26% of All Las Vegas Valley Sales Read here for last month's report on Las Vegas … (18 comments)
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las vegas short sales: Economic Conditions for the Las Vegas Valley (includes Henderson & North Las Vegas)
- 03/09/11 01:10 AM
Foreclosure/Short Sale Listings (2/15/2011): Total Listings 15128; Short Sales: 7728, 51% of all listings; Bank Owned Listings: 2935, 19% of all listings. Short sale and REO listings consume 70% of total listings New Home Sales (January 2011, units sold): 224 Year Change -6.7% (excl condo conversions, highrises) New Home Sales (January 2011, median price): $207,363 Year Change +3.3% (excl condo conversions, highrises) Existing Home Sales (January 2011, units sold): 3080 Year Change -0.4% Existing Home Sales (January 2011, median price): $115,000 Year Change: -8.0% New Home Permits (January 2011): 232 Year Change -38.9% Rental Rate (MLS Monthly … (5 comments)
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las vegas short sales: Short Sales, BPOs & Shenanigans, OH MY!
- 03/02/11 12:29 AM
Las Vegas Short Sale listing agents are sometimes paranoid and go a little too far to make sure their short sale listing has a BPO (Broker Price Opinion) or appraisal coming in at the right price. Sometimes they absolutely have a right to be paranoid because they did the right thing and had a bad BPO or appraisal come back. Sometimes they are not doing the right thing and they have priced the home too low and/or are taking “both sides” of the transaction. (Please note: representing both sides of a transaction – “dual agency” – is not wrong when it is done … (38 comments)
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las vegas short sales: Las Vegas NV Area Sales by Type: Standard, REO, Short Sale January 2011 (includes Henderson & North Las Vegas)
- 02/23/11 12:15 AM
Las Vegas Area February 15, 2011 Active Listings by Type
REO: 2935 (19%) Short Sale: 7728 (51%) All Other: 4465 (30%)
January 2011 Sales by Type:
REO: 1582 (51%) Short Sale: 851 (28%) Other: 647 (21%) 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 … (9 comments)
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las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale for January 2011 (includes Henderson & North Las Vegas)
- 02/16/11 10:33 AM
The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has INCREASED by +4 units. Under Contract has INCREASED by +189 units. Sold units have DECREASED by -155 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 2/15/2011: 7728 Pending 2/15/2011: 7595 Closed January 2010: 851 Short Sales Currently Account for:
51% of All Las Vegas Valley Listings 28% of All Las Vegas Valley Sales Read here for last month's report on Las Vegas … (13 comments)
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las vegas short sales: Las Vegas NV Area Market Watch (includes Henderson & North Las Vegas)
- 02/10/11 01:52 AM
**ACTIVE Las Vegas Real Estate Inventory Sees a Rising Slowdown!**
Active Las Vegas Residental Resale MLS Inventory has risen for 7 straight months but experienced a slowdown in December. This is mainly due to first time buyers exhausting the market due to their tax credit expiring - this is not due to the shadow inventory fairy bringing us more inventory!
Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post.
Las Vegas Area Real Estate Market Watch was created for informational purposes only.
This is for all the buyers wondering "where is the … (4 comments)
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las vegas short sales: Economic Conditions for the Las Vegas Valley (includes Henderson & North Las Vegas
- 02/07/11 02:19 AM
Last Month's Report on Las Vegas Valley Economic Conditions Housing Conditions:
Foreclosure/Short Sale Listings (1/15/2011): Total Listings 15409; Short Sales: 7724, 50% of all listings; Bank Owned Listings: 3368, 22% of all listings. Short sale and REO listings consume 72% of total listings New Home Sales (December 2010, units sold): 347 Year Change -27.3% (excl condo conversions, highrises) New Home Sales (December 2010, median price): $216,225 Year Change -0.3% (excl condo conversions, highrises) Existing Home Sales (December 2010, units sold): 3856 Year Change -11.8% Existing Home Sales (December 2010, median price): $119,000 Year Change: -3.3% New Home … (10 comments)
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las vegas short sales: Las Vegas & Henderson Nevada Area Foreclosure Timeline
- 02/05/11 02:13 AM
Las Vegas Foreclosure Timeline & Nevada Foreclosure Mediation Links
Here is a rough timeline for foreclosure in the Las Vegas, Henderson & North Las Vegas areas. I am using minimum time frames andmany foreclosures last longer than the time frames given. Trustee Sales can be stalled for various reasons: loan modification, bankruptcy &short sales are the common reasons! Inaction is not a common reason!
Payments are missed
3+ months later a “Notice of Default” (NOD) or “Breach & Election to Sell” is recorded – you have 30 days to file for Nevada Foreclosure Mediation if you are eligible. You are encouraged to … (18 comments)
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las vegas short sales: Las Vegas NV Area Short Sale Real Estate Market Report for December 2010 (includes Henderson & North Las Vegas)
- 01/24/11 02:07 AM
The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has DECREASED -130 units. Under Contract has DECREASED by -481 units. Sold units have INCREASED by +1006 units.
There are many reasons for the lack of closings in this market and it is outlined in this post.
Short Sale Synopsis:
Listings 1/15/2011: 7724 Pending 1/15/2011: 7406 Closed December 2010: 1006 Short Sales Currently Account for:
50% of All Las Vegas Valley Listings 26% of All Las Vegas Valley Sales Read here for last month's report on Las Vegas Area Short … (6 comments)
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