Las Vegas Real Estate Market Seller Concession Stand July 2009

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!

Posted by

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


copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

Blog Disclaimer Important Notice

Realtor/MLS Member, NAR, NVAR, GLVARAccredited Buyer's RepresentativeSeller Representative SpecialistSenior Real Estate SpecialistAt Home with DiversityResort & Second Home Property SpecialistShort Sale Foreclosure Resource




Sell Las Vegas Home          Las Vegas Homes for Sale     Las Vegas Rental House






Re-Blogged 1 time:

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

Spam prevention
Show All Comments
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
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!


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
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
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 got ifs, ands or concessions!  Interesting stats thanks for sharing!

Sep 09, 2009 06:43 AM #4
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
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
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
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Renée Donohue~Home Photography

Western Michigan Real Estate Photographer
How May I Assist You With Your Las Vegas Real Estate Needs?

Additional Information