Las Vegas NV Area September 2010 Concession Stand (includes Henderson & North Las Vegas)

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

Las Vegas Real Estate

Here is what buyers received in seller paid concessions on August 2010 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500:  68% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000:  19%
  • 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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Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

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Rainmaker
564,689
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Renee,

I've got an idea; you could import some inventory to LV.  Perhaps you could truck some homes in.

Great post,

Steve

Nov 01, 2010 01:10 PM #1
Rainmaker
1,940,599
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

Pretty amazing how little concessions were made. Lots given in my market

Nov 01, 2010 02:01 PM #2
Rainmaker
354,933
Damon Gettier
Damon Gettier & Associates, REALTORS- Roanoke Va Short Sale Expert - Roanoke, VA
Broker/Owner ABRM, GRI, CDPE

Renee, unfortunatley we do not disclose seller paid closing costs.   We should but we don't.

Nov 01, 2010 02:05 PM #3
Rainmaker
1,132,461
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Renee - with graphics like this .. even I can understand them. ...Call it "Educating the rest of of us on LV"

I love it

Nov 01, 2010 02:10 PM #4
Rainmaker
222,657
Scott Baker
www.eHomeReports.com Coldwell Banker West Shell - Liberty Township, OH
Realtor Homes for Sale in Cincinnati, West Chester, Mason, OH Area

It is interesting the difference in the markets. We don't show this type of information, but my guess is that we are almost the opposite of this. Great information. Thank you.

Nov 01, 2010 02:31 PM #5
Rainmaker
394,911
Elizabeth Cooper-Golden
Huntsville Alabama Real Estate, (@ Homes Realty Group) - Huntsville, AL
Huntsville AL MLS

I love your concessions post.  How have I missed this before?  Girl, you have it going on with your market reports.  We also report seller concessions...I'm guessing ours are a bit higher than yours.  I'm really surprised yours are so low.  That's great news for you!

Nov 01, 2010 03:12 PM #6
Rainmaker
422,883
Nevin Williams
Fairway Independent Mortgage Corporation - Cary, NC
Senior Mortgage Advisor

Renee - 66% no seller concessions.  WOW!  Most parts of the country expect concessions

Nov 01, 2010 03:48 PM #7
Rainmaker
1,340,102
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - A lot of my clients ask for concessions and about half receive them.  I wonder what our actual stats are for seller concessions in my area.  Unfortunately we don't have a tool in our MLS to pull this information.

Nov 02, 2010 02:45 PM #8
Rainmaker
272,675
Ross Quintana
Real E Smarter - Spokane, WA
Real E Smarter Real Estate Coach - 509-362-1966

I don't think we can access that info, but it is great to know what to expect if you are a buyer. Good Job!

Nov 03, 2010 06:37 AM #9
Ambassador
1,510,732
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks all for the comments!

Ross:  Yes it is good to set expectations up front and that is why I created this market report!

Nov 03, 2010 06:40 AM #10
Rainmaker
325,871
Esko Kiuru
Bethesda, MD

Renee,

Vegas sellers continue to be tough on them concessions.

Nov 05, 2010 03:07 PM #11
Ambassador
1,510,732
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Esko:  Surprisingly with the inventory increasing as quick as it is!

Nov 07, 2010 05:49 AM #12
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