Las Vegas NV Area April 2010 Home Sale & Listings by Type

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Las Vegas Area Homes for Sale

Las Vegas Area Homes for Sale

Las Vegas Area Homes For Sale

Las Vegas Area May 15, 2010 Active Listings by Type

  • REO:  1348 (19%)
  • Short Sale:  4323 (43%)
  • All Other:  3709 (38%)

Las Vegas Area Homes for Sale

April 2010 Sales by Type:

  • REO:  2010 (45%)
  • Short Sale:  970 (27%)
  • Other:  853 (28%)

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®


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

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Show All Comments
Cynthia Larsen
Cotati, CA
Independent Broker In Sonoma County, CA

Renee - no, I'm not a blog stalker, I keep coming back to see your graphs!  There was a front page article (The Press Democrat, Santa Rosa) about new construction in LV this morning.  It's amazing how much new construction is going on there when there are already thousands of vacant homes.

May 16, 2010 09:34 AM #1
Charlottesville Choice Homes
Keller Williams Realty - Charlottesville, VA

Your charts and presentations are so clean and great.  You are a tribute to the industry and your buyers and sellers are lucky to have you.

May 16, 2010 12:00 PM #2
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

Renee:  Your graphs are so eye catching!  Most graphs are so boring ~ but not yours!

May 16, 2010 01:26 PM #3
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Are REO listings moving fairly well? With the need for homes in your area, REO would seem more likely to settle than short sales. Is that a correct assumption or not?


May 16, 2010 02:07 PM #4
Patrick Harfst
United Brokers Group - Gilbert AZ - Gilbert, AZ

Great graphs! It seems that Vegas & PHX are flying in formation, stat-wise...

May 16, 2010 06:53 PM #5
David Dee
IRN REALTY - Alhambra, CA
Real Estate - San Gabriel Valley (L.A.) & N. Orange County CA

Renee, that's a huge proportion of short sales under contract! Looks like the market is great in LV.

May 16, 2010 07:31 PM #6
John Marion
RE/MAX Town & Country - Canton, GA

I like your graphs, Renee. Great job!

May 16, 2010 09:36 PM #7
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Cynthia:  New construction did start chugging along!!  We are having severe inventory shortages (may I emphasize the word severe enough?)  We need over 10K units on the market to turn this back into a seller's market.  We are seeing rises in inventory since the expiration of the tax credit but at this pace it will take us 5 months to recover all of the inventory.

Sarasota Choice Homes:  Thanks!

Jane:  Thanks!

Cal:  Very correct assumption!  Unfortunately there is only 1 month (ish) of REO inventory on our market.  We are seeing slight rises of REO inventory which is good for buyers who really want to buy.

Patrick:  I just hope we can cycle through all of this sooner than later and move to a more standard market!

David:  That is a huge proportion!  Let's get some of these closed!

John:  Thanks!

May 17, 2010 02:04 AM #8
Esko Kiuru
Bethesda, MD


REOs and short sales account for 72% of solds and many in Vegas are waiting for that figure to drop down to 50%, as an interim goal.

May 17, 2010 11:39 AM #9
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!


Amazing how many REO transactions there are; in my market I might do a short sale or REO out of every 20 transactions I do; maybe 7 or 8 a year.

May 17, 2010 03:56 PM #10
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Esko:  I like your goals.  At least it is a reasonable goal :)

Tom:  Standard non flip transactions are the rare ones here!

May 18, 2010 09:16 AM #11
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