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

Reblogger
Mortgage and Lending with All Western Mortgage Broker # 14210

Buyers need to be knowledgable when looking for the perfect home. With 67% of all sellers concessions  being less then $500.00 buyers will have to come in with more money at the table for closing costs. Great job Renee.

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 July 2010 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500:  67% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000:  20%
  • 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

Most Current Concession Stand

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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Posted by

         Kenny Salame                                                                                                  Equal Housing

Kenny Salame
Senior Loan Officer
All Western Mortgage Inc.
8345 W. Sunset Rd.
Suite 380
Las Vegas, NV, 89113
US                            
Mobile: 702--506-3301
Direct: 702-947-0609
Office: 702-369-0905
Fax: 702-952-0887
ksalame@allwesterm.com
 
 
 
 
 
 

Comments (2)

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

Thanks for the reblog John!  I answered your question on my post.  Basically our market is shifting again and with inventory levels rising dramatically here we may see more and more concessions given NOW!  It's all about net for the seller and each individual property must be analyzed with comps, absorption rate and showing activity (multiple offer situations) so the buyer does not over-pay or under-pay for a property.  Underpaying is bad in multiple offer situations if the buyer REALLY wants the house!

Aug 29, 2010 05:08 AM
Kenny Salame
All Western Mortgage Broker # 14210 - Las Vegas, NV
NMLS ID 313873

Renee, Thanks for the information.

Aug 29, 2010 05:47 AM