Las Vegas, NV Area Short Sale February 2010 Update

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

Las Vegas Area Short Sale Homes For Sale

Las Vegas Area Short Sale Absorption Rate

The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement.  Absorption is swinging into stable market territory.  Solds have FINALLY gone from hovering the 200 unit mark and near the 650-800 units mark.  I see improvement in this sector! Inventory has DECREASED by -31 units.  Under Contract has increased by +714 units.    Solds have INCREASED by +9 units.

There are many reasons for the lack of closings in this market and it is outlined in this post

Short Sale Synopsis:

  • Listings 3/14/2010: 4803
  • Pending 3/14/2010: 10212
  • Closed February 2010: 694

Short Sales Currently Account for:

  • 48% of All Las Vegas Valley Listings
  • 23% of All Las Vegas Valley Sales
     

Read here for the most current Las Vegas Area Short Sale Report.

Read here for last month's report on Las Vegas Area Short Sales.

If you need to sell your home through the short sale process, you can either fill out the form on this page or you can call 702-966-2494 and press option 0.

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

              

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Nevada Clark County Henderson Coronado At Southfork
Groups:
Posts to Localism
Market Updates
City and State
Local Expert
Market Reports
Tags:
las vegas listings
las vegas homes for sale
las vegas short sales
las vegas nv real estate

Spam prevention
Show All Comments
Rainmaker
1,940,599
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

Wow, those solds really accelerated. Here's hoping to one great market coming done the pipeline.

Mar 15, 2010 11:25 AM #1
Rainmaker
1,340,102
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - It's excellent that Las Vegas Vallery Short Sales has finally had an increase in the sold department. 

Mar 15, 2010 01:27 PM #2
Rainmaker
1,375,034
Cheryl Ritchie
RE/MAX Leading Edge www.GoldenResults.com - Huntingtown, MD
Southern Maryland 301-980-7566

Shack Diva, how do you do that pie chart every time? I really like it. I meet with the Bookeeper again all day tomorrow for more Quickbooks.  Then one more Wednesday and on to other projects. P.S. I know you feel my anguish. Let me know if my 30 pages of QB notes from last week help you. Great new photo. I was confused if it was you at first.

Mar 16, 2010 02:21 PM #3
Ambassador
1,510,732
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Tom:  They have and I have a feeling after April 5 things will even get better!

Michelle:  Yes they have!

Cheryl:  I am putting the tutorial on my list of "to dos" for emails to you!  Ladybug, if you can do quickbooks you can do these graphs!

Mar 17, 2010 11:51 AM #5
Rainmaker
325,871
Esko Kiuru
Bethesda, MD

Renee,

Ten years from now people are going to scratch their heads hard over the fact that short sales in 2010 were about half of all real estate listings. That's surreal.

Mar 18, 2010 10:02 AM #6
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?

Ambassador
1,510,732

Renée Donohue~Home Photography

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

Additional Information