Las Vegas Area Real Estate Market Concession Stand March 2010

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

Las Vegas Area Seller Paid Concessions

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:  63% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000:  20%
  • Over $4001:  17%

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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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Kenny Salame 04/28/2010 02:45 AM
Topic:
Real Estate Market Trends
Location:
Nevada Clark County Henderson Desert Canyon
Groups:
Posts to Localism
Market Updates
City and State
Las Vegas Foreclosures - Homes, High-Rises-Condos
Market Reports
Tags:
las vegas nv real estate

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Rainer
143,113
Robert Earl -The Earl of St Pete
St Pete LUXE Living Group - Saint Petersburg, FL
The Earl of St. Pete

Love the information and the presentation and I would love to know what program that you use to produce the great graphics- if you mind sharing drop me adirect message.

Robert Earl

Apr 28, 2010 12:13 AM #1
Rainmaker
459,173
Kim Boekholder Utah Real Estate
Results Real Estate 801.580.5624 - Draper, UT
Broker, Results Real Estate

Renee,

What an amazing chart and information.  This would be a great tool for buyers agents to show their buyers.  You are always thinking. Love love love this info.  Best wishes,

Apr 28, 2010 01:45 AM #2
Rainmaker
1,016,774
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Renee, in prior posts I've seen you referred to as the "diva" of graphs and or statistics.  This one takes the cake for originality.  We all know it's out there but I don't think I've ever seen it posted quite like this before.  Fabulous job!

Apr 28, 2010 02:08 AM #3
Rainmaker
222,657
Scott Baker
www.eHomeReports.com Coldwell Banker West Shell - Liberty Township, OH
Realtor Homes for Sale in Cincinnati, West Chester, Mason, OH Area

My market is probably pretty close to the opposite. We are probably around 60%-70% WITH seller paid  concessions. Average amount being around $2,000.

By the way, like the Title "Concession Stand" another good one Renee.

Thank you

Apr 28, 2010 03:29 AM #4
Rainmaker
646,067
Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers Designated Broker Leolinda Realty
Leolinda Realty - Surprise, AZ
Sun City Grand in Surprise Arizona

Rene, again your graph ROCK!  BTW, I've seen not seen seller contributions in this area age restricted community. 

Apr 28, 2010 05:05 AM #5
Rainer
104,817
Debbie Aldrich
The Watts Group Real Estate - Cottonwood Heights, UT
Salt Lake City Realtor - Salt Lake County, Cottonwood Heights

Renee,

This is why you are a Diva...always putting great info out there and in a way that stimulates the reader to take a closer look.  Kudos

Apr 28, 2010 05:43 AM #6
Rainmaker
1,560,731
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Love the new graph!  Interesting how the market has turned in your area.  I think you're the DIVA all right . . . Chart DIVA :-)

Apr 28, 2010 07:58 AM #7
Rainmaker
1,333,998
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - I see Las Vegas sellers are hanging onto their money and giving no concessions.  I think a majority of my buyer clients have asked for seller concessions in the past year and to date I haven't had a short sale lender say no.

Apr 28, 2010 12:59 PM #8
Rainmaker
1,928,270
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

It really looks strong in terms where less concessions are made; are the people taking a beating on the price?

Apr 28, 2010 03:58 PM #9
Rainmaker
325,871
Esko Kiuru
Bethesda, MD

Renee,

Buyers can still try but 61% will draw a blank stare. Ouch! It's brutal out there. The comment function is working again.

May 04, 2010 07:48 AM #10
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