Las Vegas NV Area Real Estate Market June 2010 Concession Stand (includes Henderson & North Las Vegas)

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

Las Vegas Area Homes for Sale

Here is what buyers received in seller paid concessions on June 2010 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500:  69% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000:  18%
  • Over $4001:  13%

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 2 times:

Re-Blogged By Re-Blogged At
  1. Deborah "Dee Dee" Garvin 07/28/2010 04:26 AM
  2. Kenny Salame 07/28/2010 06:36 AM
Topic:
ActiveRain Community
Location:
Nevada Clark County Las Vegas El Encanto
Groups:
Market Updates
Nevada/Las Vegas REO, Fourclosure, Short Sale Specialist
City and State
Las Vegas Foreclosures - Homes, High-Rises-Condos
Market Reports
Tags:
las vegas market report
las vegas listings
las vegas homes for sale
las vegas nv real estate

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Ambassador
2,626,643
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Renee- Can you do my graphs for me? :) Love the look of those. 

Jul 28, 2010 04:21 AM #1
Rainmaker
157,854
Deborah "Dee Dee" Garvin
C2 Financial - San Diego, CA
C2 Financial

Renee,  This is a great graphic to show clients when they are shopping...really put the facts in front of the clients so they know where the market stands.  Nice!

Jul 28, 2010 04:22 AM #2
Rainmaker
137,453
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

Renee, this is exceptional information, both in content and presentation.

Jul 28, 2010 04:32 AM #3
Rainmaker
708,637
Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Renee - great report on concessions. When I think about my market here and we have an entry in our MLS for concessions, i'm still hesitating about its accuracy of reporting.

Jul 28, 2010 04:33 AM #4
Rainmaker
756,438
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

wow...what a change Renee! Same thing here. 3% to as much as 6% seller subsidy of buyers closing costs was the norm 18 months ago. Zero to $5k is what is happening now.

Jul 28, 2010 06:05 AM #5
Rainmaker
912,628
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

A little "Tighten Up" is going on in LV apparently.  I'll have to add another monitor to gather the full effect Renee. 

Jul 28, 2010 07:55 AM #6
Rainmaker
1,331,888
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - This is probably my favorite market report that you do, I love to see what Las Vegas NV seller's are contributing to the buyer's purchase if anything.  A lot of my buyer's ask for closing costs, but almost all could pay their own if they had too.

Jul 28, 2010 09:10 AM #7
Ambassador
1,505,476
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks for all of the love!

Michelle:  it is my favorite market report also!

Kevin:  You always crack me up with your constructive criticism!

Steve & Jan:  Actually we are seeing concessions come back in style as inventory is beginning to gather dust from first time buyers getting what they wanted.

Petra:  I do at times too.

Mary Kay:  Thanks for the compliment!

Deborah:  Thanks for the reblog!

Katerina:  LOL, I said in another market report I should start doing these "for hire".  Got the graphs just need the data ;)

Jul 28, 2010 02:22 PM #8
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