Las Vegas Real Estate Market Seller Concession Stand July 2009

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

Las Vegas Area Seller Concessions Paid

Here is what buyers received in seller paid concessions on July 2009 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500:  68% ($500 only buys you a home warranty or (no and) an appraisal
  • Between $501-4000:  14%
  • Over $4001:  18%

This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory!

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Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Kimberly Dearth 09/14/2009 06:30 AM
Topic:
Real Estate Market Trends
Location:
Nevada Clark County North Las Vegas Arroyo Vista
Groups:
Las Vegas Foreclosures - Homes, High-Rises-Condos
Las Vegas, NV Area Real Estate Professionals
Local Expert
Market Reports
Market Updates
Tags:
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las vegas listings

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Rainer
104,867
Debbie Aldrich
The Watts Group Real Estate - Cottonwood Heights, UT
Salt Lake City Realtor - Salt Lake County, Cottonwood Heights

Renee, Queen of the pie charts, love it, can't seem to do it, jealous about it!  Interesting stats.  Lot of red and blue, I guess that's patriotic, I think it looks similar here.

Sep 09, 2009 04:42 AM #1
Rainmaker
1,967,525
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

Nice to see that sellers do not have to make huge concessions as they did not too long ago.

Sep 09, 2009 04:54 AM #2
Ambassador
467,168
Terrie Leighton
Ferrari-Lund Real Estate - Reno, NV
Reno Real Estate Agent ~ Selling Homes in Reno

It is so confusing for some buyers out here who think we are in a "buyers market!" With the seller paying practically zero at closing it sure feels like a "seller's market" for some (most) folks. Great chart to demonstrate what exactly is happening in the market right now!

BTW ~ Love the buttons!

Sep 09, 2009 05:36 AM #3
Rainer
5,362
Merri Perry
Realty One Group - Las Vegas, NV

well..banks which I believe are the majority of the 'seller' portrait on said graph...they dont want to give away anymore than they already are!... you want a cheap home..you got it..no ifs, ands or concessions!  Interesting stats thanks for sharing!

Sep 09, 2009 06:43 AM #4
Rainer
179,731
Erik Hitzelberger
RE/MAX Alliance - Louisville REALTOR-Luxury Homes - Louisville, KY
Louisville - Middletown Real Estate

Great stats as always Renee.  Info on concessions is so important in painting a true picture of the marketplace.  When 69% of people are getting $500 or less, it is a clear indication that seller's have already adjusted their prices. 

Sep 09, 2009 12:59 PM #5
Ambassador
430,007
Rich Cederberg
eXp Realty - Albuquerque, NM
eXp Realty Agent Albuquerque

Renee, You are really on top of your market, aren't you? Too many times Realtors just relay on "gut" feelings.

Sep 10, 2009 02:23 PM #6
Ambassador
1,513,387
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Debbie:  Not too many concessions given these days!

Tom:  Not too long ago is correct.  Right before HVCC.  If you get them now and an appraisal comes in low and they  have to adjust the price you will see them disappear!

Terrie:  Exactly!  (the buttons came from a post from Rita Burke last Sunday!)

Merri:  True that.  Lots of buyer competition is preventing concessions!

Erik:  Yes they have!

Rich:  I have to be and I have to show buyers why they can't rely on certain things like concessions ;)

Sep 11, 2009 01:04 AM #7
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