Las Vegas | Henderson | North Las Vegas NV Area Sales by Type

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

Las Vegas Area Sales by Type

Las Vegas Area Sales by Type

Las Vegas Area Sales by Type History

Las Vegas Area Sales by Type

Las Vegas Area July 15, 2010 Active Listings by Type

  • REO:  2738 (20%)
  • Short Sale:  6144 (44%)
  • All Other:  5020 (36%)

Las Vegas Area Sales by Type

June 2010 Sales by Type:

  • REO:  1590 (44%)
  • Short Sale:  1148 (32%)
  • Other:  873 (24%)

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

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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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Kenny Salame 08/23/2010 03:15 AM
  2. Mary Ann Griffin 08/25/2010 06:28 PM
Topic:
Real Estate Market Trends
Location:
Nevada Clark County Las Vegas Elkhorn Springs
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 listings
las vegas homes for sale
las vegas short sales
las vegas nv real estate

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Rainmaker
354,853
Damon Gettier
Damon Gettier & Associates, REALTORS- Roanoke Va Short Sale Expert - Roanoke, VA
Broker/Owner ABRM, GRI, CDPE

You and your fancy blog posts!  Great information on the market!

Aug 21, 2010 03:18 PM #1
Rainmaker
1,317,601
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

I love the colors and the graphs.  Sometime I am going to have to learn how to do this.  I was surprised to see this .."and it is an extreme seller's market."  Do you think this will last and has it had an effect on prices going up?  Very Interesting,

Aug 21, 2010 04:12 PM #2
Rainmaker
394,850
Elizabeth Cooper-Golden
Huntsville Alabama Real Estate, (@ Homes Realty Group) - Huntsville, AL
Huntsville AL MLS

I'm so happy to hear, once again, that your market is kicking some tail!  Do you think you'll absorb the short sales sooner rather than later, or do you suspect you'll have a continuing flow of SS's and REO's like they are predicting.  

It seems like you have great news for your area.  I'm breathing a sigh of relief for you, lol.  It was tough for quite some time!

You do have some amazing graphs!  Do you mind sharing what program you use?  I "think" my apple will do that?  I'm so tech stupid it isn't funny!  You do a beautiful job and it's clear that you are the market expert!

Aug 21, 2010 04:50 PM #3
Rainmaker
596,993
Jim Hale
ACTIONAGENTS.NET - Eugene, OR
Eugene Oregon's Best Home Search Website

Looks like both regular sales and short sales are taking a bite out of REO's.

That sounds good.

Aug 21, 2010 05:56 PM #4
Rainmaker
564,285
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Renee, Hopefully your thorough market info helps buyers to come strong to the table.  Not expecting unreasonable concessions.  It's just not that kind of market.

Steve

Aug 21, 2010 06:30 PM #5
Ambassador
1,653,973
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Renee great consumer data, and the graphics makes it come alive.  Buyers can clearly see how each sector of the market is doing.  In July REO and Short sales made up the largest portion of sold properties.

Aug 22, 2010 01:56 AM #6
Ambassador
700,393
Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Renee another well done market report for Las Vegas.  Your charts show exactly what is going on in your market.  Great information for anyone.  Where do you find your info on REO's and Short Sales?  Is that from your MLS?

Aug 22, 2010 03:44 AM #9
Rainmaker
1,016,634
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Renee, it's kind of funny to see the Sales by Type and then we have "Other", as if any of us can remember what a traditional sale is like.  Well, maybe a few are still happening out there, it just struck me when I saw that in the last graph. 

Aug 22, 2010 05:05 AM #10
Rainmaker
1,333,998
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - Love the market report for the Las Vegas NV area.

Aug 22, 2010 08:28 AM #11
Rainer
143,113
Robert Earl -The Earl of St Pete
St Pete LUXE Living Group - Saint Petersburg, FL
The Earl of St. Pete

The REO's dropping has me a bit surprised.  It looks like the banks are sitting on a pile of inventory, but when will they release it?

Aug 22, 2010 05:57 PM #12
Ambassador
1,509,742
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Damon:  LOL!

Joan:  I don't think it will last, in fact I do believe we will swing to stable market territory between October-December of this year.  THe reason being is the tax credit expiring.  Let me know when you want to do this and I will help you get started!

Elizabeth:  I don't think that this is going away any time soon!!  SS and REO is here to stay - for at least a half a decade!

Jim:  Yep.

Steve:  Our inventory is growing so the market is bearing a bit more in concessions.

Jennifer:  Bingo as they are the most motivated sellers!

Lee & Pamela:  YES!  We have fields for both REO and Short Sales!

Kevin:  It is an odd category to classify it as "other" however most standard sales are trustee sale flips and no way to categorize those other than going through each apparent standard sale one by one.  No thanks for me on that front, LOL!

Michelle:  Thanks!

Robert:  See my response to Kevin.  REOs do have a different life form in trustee sale flips so those standard sales are technically foreclosures still but not really REO!

Aug 23, 2010 01:07 AM #13
Rainmaker
841,108
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

Great presentation Renee!

Aug 23, 2010 10:02 AM #14
Ambassador
1,509,742
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Joshua:  Why thank you!

Aug 23, 2010 10:27 AM #15
Rainmaker
1,928,270
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

Still amazing to me the amount of short sale in your market; I think I am spoiled here.

Aug 23, 2010 11:27 AM #16
Ambassador
2,300,655
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Renee,

Those graphics look SO good!  Love that style.  It's easy to read and understand quickly.. colors work well.. classy not glarish like a lot of graphs are.  Wonderful job.

Aug 23, 2010 04:30 PM #17
Ambassador
1,509,742
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Tom:  Consider yourself lucky and I know you appreciate how good you have it!

Judi:  Thanks Ladybug!

Aug 24, 2010 11:58 AM #18
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