Las Vegas Area Real Estate Market Seller Concession Stand November 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 November 2009 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500:  61% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000:  19%
  • Over $4001:  20%

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!  Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs!

Last Month's Concession Stand

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

 

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Rainmaker
1,870,742
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

A lot of homes sold without a lot of help; perhaps just a really good price. Looks like a buyers market by you.

Jan 10, 2010 06:22 AM #1
Ambassador
1,505,191
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Tom:  Still a seller's market but we may be slightly shifting.  Could be simply less contacts in the dead of the winter!

Jan 10, 2010 07:11 AM #2
Rainmaker
1,038,351
Fred Carver Personal Real Estate Corporation
RE/MAX Camosun Victoria BC Real Estate - Victoria, BC
Accredited Real Estate Consultant

Hi Renee..I guest Sellers do not need to give anything away..How Time Changes things :O))

Jan 10, 2010 07:48 AM #3
Rainmaker
1,128,447
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Renee - Throw a little juice our way. We are still in a buyers market. But homes 200 -300K are becoming more scarce. BTW great chart

Jan 10, 2010 07:49 AM #4
Ambassador
1,505,191
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Fred:  Yes, how time changes things!

Claude:  I don't have a graphic for throwing juice but I will go spill some on your blog ;)

Jan 10, 2010 07:58 AM #5
Rainmaker
564,023
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Renee, Yep, looks like a Seller's market to me. 

Steve

Jan 10, 2010 10:24 AM #6
Rainmaker
1,331,838
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - This is a really cool statistic to share with consumers in your Las Vegas NV area.

Jan 10, 2010 11:54 AM #7
Rainmaker
388,463
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

Good to see the sellers are finally getting some traction of their own.

Jan 10, 2010 12:27 PM #8
Rainmaker
325,765
Esko Kiuru
Bethesda, MD

Renee,

Vegas buyers expecting to receive concessions obviously need to get them the old-fashioned way, earn them.

Jan 10, 2010 02:17 PM #9
Rainmaker
1,556,476
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Pretty interesting numbers.  Buyers are crap shooting . . . ha ha ha -- sorry,

Jan 10, 2010 04:27 PM #10
Ambassador
1,505,191
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Steve:  YES SIR!

Michelle:  It is important for both buyers and sellers to understand what is going on so the buyers don't "underbid" by asking for too much in closing costs and the seller's bottom line.

John:  I bet they are a little happy at least!

Esko:  $$$$$$$$$$$$$$

Carla:  AHAHAHAHAHAHA!  Needed that laugh after today :-/

Jan 11, 2010 11:50 AM #11
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