Las Vegas NV Area Real Estate Market June 2010 Concession Stand

Reblogger Deborah "Dee Dee" Garvin
Mortgage and Lending with C2 Financial NMLS #279125

I really like this graphic by Renee Burrows in Las Vegas.  It does a tremendous job of showing prospective home buyers exactly what the market is dictating with regard to seller paid closing costs.  I think it goes a lot way in helping borrowers set realistic goals about if, and how much, seller concession they can expect in their market.  Would love to see the same graphs here in California.

Original content by Renée Donohue~Home Photography 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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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks for the reblog Deborah :)

Jul 28, 2010 02:23 PM #1
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Deborah "Dee Dee" Garvin
C2 Financial - San Diego, CA
C2 Financial

Renee,  You are welcome. Actually disappointed I didn't see more agents step up.  I think a regional analysis of what borrowers should expect would make everyone's life easier.  Great post!

Jul 28, 2010 03:14 PM #2
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Deborah "Dee Dee" Garvin

C2 Financial
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