las vegas stats: What has the Credit Crunch Done to Your Market?
- 09/10/07 12:35 PM
The Credit Crunch. What a difference a few weeks can make. While the fed tries to determine whether or not the real estate economy is in need of resuscitation, here are some figures in the Las Vegas market to help make a decision. In just 7 weeks the Las Vegas market has slowed significantly. Here are some interesting stats from the past 6 weeks (last week of July 2007). Today's listing inventory (supply) is 21 months. Six weeks ago was 18. Combine the growth of inventory over the last 12 weeks, supply has grown more than 6 months. Supply is determined by … (2 comments)
las vegas stats: Market Information
- 09/05/07 05:35 PM
Here are comments I submitted to a relo company today when asked to do a second opinion on a home on the market with a very competent agent at CB Premier. The subject is a very nice home; well maintained in side and out. Any buyer could move right into this unit. Positives are condition, "feel", location in community, and community itself. Negatives are living room is small and not very functional, backyard privacy is limited and backyard itself. The financial market has become a train wreck and half the buyers became renters at the end of July. The rental market had the best 30 … (4 comments)
las vegas stats: Are Las Vegas New Home Numbers Concerning?
- 08/29/07 03:50 PM
More bad news on the market? Maybe not. New home builders sales are way down. But so are the new home permits. If one was to visit new homes tracts around the most desirable areas of the valley it is getting tougher to find any inventory to buy. There is always a lag in the new home industry. It appears that supply and demand might equalize soon. That could mean good news for the resale community. Home buyers not wanting to wait 6 months for a new home will likely look to the resale market in the coming months. Here is … (1 comments)
las vegas stats: January 2007 Monthly Median Report
- 02/12/07 04:10 PM
Monthly Median/Inventory ReportPrepared by RE/MAX Advantage. Exclusive to RE/MAX Advantage. January 2007 Marketwide MLS Median Price$302,000 3 typical homes vs 2006 1500sfMedian price $264,900 ($287500 ~ 2006) down 7.9%Avg DOM 74 (50 ~ 2006) up 48% 2000sfMedian price $340,000 ($356,000 ~ 2006) down 4.5%Avg DOM 81 (71 ~ 2006) up 12.5% 2500sfMedian price $430,000 ($450,000 ~ 2006) down 4.7%Avg DOM 127 (64 ~ 2006) up 98.4% Copyright 2007. All data is prepared by Tim Kuptz for use by RE/MAX Advantage and its agents. Median price determined +/- 25sf of subject. MLS areas 101-606. SFR homes only. … (0 comments)
las vegas stats: Las Vegas Weekly Snapshot
- 02/12/07 03:22 PM
Weekly Snapshot 2/12/2007 Created by RE/MAX Advantage for RE/MAX Advantage.The last 7 days of the Las Vegas valley marketplace Total Listings SFR 15865 (+257/week) Condo 4652 (+111/week) Total 20149 (+368/week) (up 1756 (9.4%) since 1/1) Vacant units SFR 42% Condo 53% Total 44% Total Pendings SFR 2586 (+113/week) CONDO 510 (+14/week Total 3096 (+127/week) Pending Index 151 (147 last week // 153 on 1/5/2007) Supply(months) 12.16 January Solds 1657 (more than December and November) Monday's 30yr fixed 6.25% 1pt origination Unchanged from last week Interesting points for the week • New listings in the last 7 days are the second highest number since the first of the year. • Pending index while lower than the beginning … (0 comments)
The Credit Crunch. What a difference a few weeks can make. While the fed tries to determine whether or not the real estate economy is in need of resuscitation, here are some figures in the Las Vegas market to help make a decision.;)
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