Las Vegas NV Area August 2009 Home Sales and Listings by Type

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

Las Vegas Valley Homes For Sale

Las Vegas Area September 15, 2009 Active Listings by Type

  • REO:  2379 (22%)
  • Short Sale:  4718 (43%)
  • All Other:  3921 (35%)

Las Vegas Area Sold Homes

August 2009 Sales by Type:

  • REO:  2874 (72%)
  • Short Sale:  491 (12%)
  • Other:  627 (16%)

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 the most recent stats (scroll to bottom)

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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 09/25/2009 10:06 AM
Topic:
Real Estate Market Trends
Location:
Nevada Clark County Las Vegas Braewood Heritage Square
Groups:
Las Vegas, NV Area Real Estate Professionals
Market Updates
City and State
Las Vegas Foreclosures - Homes, High-Rises-Condos
Market Reports
Tags:
las vegas listings
las vegas short sales
las vegas nv real estate

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Show All Comments
Rainmaker
1,085,440
Greg Nino
RE/MAX Compass, formerly RE/MAX WHP - Houston, TX
Houston, Texas

Holy Short Sales Batman! WOW, I didn't know Vegas had so many! Excellent presentation! AR is an excellent way to learn about other markets, thanks for sharing.

Sep 22, 2009 07:03 AM #1
Ambassador
726,681
Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

Wow ! Those are some CRAZY distress sale numbers ....

Sep 22, 2009 07:25 AM #2
Rainer
36,368
Steve Andrascik
Lake Mead Area Realty - Boulder City, NV

Very nicely, done, Renee. The visual increases the impact.

Sep 22, 2009 07:26 AM #3
Rainmaker
603,376
Brian Burke
Kenna Real Estate - Lone Tree, CO
Broker & Advising Expert-Denver Luxury Real Estate

Our REOs are about 10% give or take - LOL. And too bad we can't tell if it was a Short Sale or not!!! Our MLS doesn't have a field for that. ~Rita

Sep 22, 2009 07:30 AM #4
Rainmaker
325,771
Esko Kiuru
Bethesda, MD

Renee,

The REO and short sale combo makes up 84% of the sales. At least sales are taking place, the good news, but when is all that distressed inventory exhausted. One of these days, I hear.

Sep 22, 2009 08:17 AM #5
Rainmaker
1,883,547
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

65% of properties are bank owned or soon to be possibly? I don't know if you knew I am planning a move soon. At these prices things could be great. Is there a place for a big majestic dog names Lars to fit in? Heck, I'm only a state away soon; I could come and cold call for you for a day or two buddy.

You are the Queen of Real Estate in Las Vegas! Lars gives that a heads up as well.

Sep 22, 2009 08:29 AM #6
Ambassador
1,506,476
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Greg:  I live in distressed listing and sale hell.  Call it Gotham City if you wish!

Sheldon: I dream of normalcy (whatever that is!)

Steve:  THANKS!

Rita:  Poop on not having an extra field for that.  I would not be in business if I had to manually discern between a short and the rest!

Esko:  I pray for that day to be soon, I fear it won't ;)

Tom:  You n Lars are going to be only a state away!!  I am sure I can find you a nice home on a lot bigger than a postage stamp for Lars.  If not, perhaps you can meet me at the dog park every night.

Sep 22, 2009 01:33 PM #7
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