North Las Vegas | Henderson | Las Vegas NV July 2010 Short Sale Real Estate Inventory Report

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

Las Vegas Short Sale

Las Vegas Short Sale

The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Inventory has INCREASED by +913 units.  Under Contract has DECREASED by -635 units.    Sold units have DECREASED by -268 units.

There are many reasons for the lack of closings in this market and it is outlined in this post

Short Sale Synopsis:

  • Listings 8/15/2010:6144
  • Pending 8/15/2010: 9825
  • Closed July 2010: 1148

Short Sales Currently Account for:

  • 44% of All Las Vegas Valley Listings
  • 32% of All Las Vegas Valley Sales 

Read here for last month's report on Las Vegas Area Short Sales.

Most Current Market Report For Short Sales

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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Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

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Rainmaker
422,458
Nevin Williams
Fairway Independent Mortgage Corporation - Cary, NC
Senior Mortgage Advisor

Renee - Get those under contracts closed!

Aug 20, 2010 06:31 AM #1
Rainmaker
1,331,888
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - Glad to hear the absorption rate is starting to increase in Las Vegas Valley Area Short Sales.

Aug 20, 2010 07:12 AM #2
Rainmaker
2,456,168
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Renee, nice inventory report on short sales...really a lot of short sales, we don't has as many, then again our population is smaller in comparsion to LasVegas!

Aug 20, 2010 12:15 PM #3
Rainmaker
1,893,057
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

Looks like you are busy with all the short sale markets in Henderson and North Las Vegas

Aug 20, 2010 03:57 PM #4
Rainmaker
232,679
Ken Barker Realtor® GRI, E-Pro Certified
Dilbeck Real Estate - Burbank, CA

Renee - You know I have been impressed by the numbers you come collapse. And I am always shocked at the volume. Help me understand something. Is this a particular county or is this the entire LV area you represent? If it is a county how many combined listings does the entire LV area have. Maybe I missed it. It is good the absorption rate is up though.
Compared to my valley, consisting of 5 cities, we have 800 listings. It is a smidge, if that is a word, of what your area which I knew was big.

Aug 20, 2010 04:09 PM #5
Ambassador
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you for all the comments!

Ken:  It is valley - not county.  Clark County is pretty large and includes some cities that are about 100 miles away!  Last Month's total active listings were in the upper 13000s - this month we hover at 14000.  Short sales make up about 45-50% of all active listings!

Sep 24, 2010 04:26 AM #6
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