Las Vegas Area REO Inventory has RISEN since last report (+262 units), Under Contracts have RISEN (+85) units Closing data has FALLEN (-35) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues.
REO sales accounted for 44% of all Las Vegas Area Valley resale closings in July 2010. REO listings account for only 20% of total resale listings.
Multiple offers are streaming in as banks continue to lower to fire and auction sale prices.
Current Listed Bank Owned Statistics:
- Listings (8/15/2010): 2738
- Under Contract (8/15/2010): 2675
- Sold July 2010: 1590
For Most Current Las Vegas REO Inventory Market Report.
What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?
General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-605 (the average consumer probably asks, what’s that?) It means that I cover the cities of Las Vegas, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley. They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.
View More FAQ About My Las Vegas Area Real Estate Market Reports.
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