Las Vegas NV Area REO Inventory Report for November 2010 (includes Henderson & North Las Vegas)

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

Las Vegas Area REO Homes for Sale

Las Vegas Area REO Real Estate Market Report

Las Vegas Area REO Inventory has RISEN since last report (+123 units), Under Contracts have RISEN (+116) units  Closing data has RISEN (+112) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.  

REO sales accounted for 45% of all Las Vegas Area Valley resale closings in October 2010.  REO listings account for only 21% of total resale listings.

Current Listed Bank Owned Statistics:

  • Listings (12/15/2010):  3409
  • Under Contract (12/15/2010): 2894
  • Sold November 2010:  1572

View Last Month's Report Here  

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 101-606 (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
1,041,283
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Renee, I've asked Dyson to invent a huge vacuum cleaner to suck up that inventory for you.  No response yet!  You seem to be doing fairly well on your own.

Dec 23, 2010 04:01 AM #1
Rainmaker
930,681
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Renee - It seems like everything is getting better, except that when sales increase, so does inventory. Eventually, all that inventory will disappear, because I'm sure that builders are not building.

Dec 23, 2010 04:10 AM #2
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Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Renee, your market reports are very good. I hope your sales and listings are reflected of your data. Merry Christmas.

Dec 23, 2010 04:21 AM #3
Rainmaker
2,558,030
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

 Renee, another great market report. Merry Christmas to you and your family and wishing you a new year filled with love, joy and laughter.

Dec 23, 2010 11:36 AM #4
Rainmaker
1,073,853
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Renee - It's time to take a little break from your awesome reporting of the Las Vegas market:) I hope you have a great Christmas and a safe & prosperus New Year!

Dec 24, 2010 12:51 AM #5
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Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Renee  Arthur and I just stopped by to wish you and your family the Merriest of Christmases and a very Healthy and Prosperous New Year

Dec 24, 2010 01:59 AM #6
Rainer
7,347
Jom Lynch
HouseHitz, Inc. - Cedar Park, TX

Renee - I would love to know if Larry is right.  Are the builders building?  If so, where?  North Las Vegas?

Dec 27, 2010 03:58 AM #7
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Jom:  They are building but not at the same frequency and in all corners of the valley - not just NLV - they are building Mountain's Edge, Henderson, Summerlin, NLV, East LV - everywhere.  Very few permits are being pulled right now but a lot of new construction was sold during the first time buyer tax credit since we were squeezed for inventory then.

Thanks all for the stop & LOL as always Kevin!

Dec 27, 2010 04:08 AM #8
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