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

By
Real Estate Broker/Owner with Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate B.1000860.LLC

Las Vegas Area REO Homes for Sale

Las Vegas Area REO Real Estate Market Report

Las Vegas Area REO Inventory has FALLEN since last report (-41 units), Under Contracts have FALLEN (-334) units  Closing data has RISEN (+453) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.  

REO sales accounted for 53% of all Las Vegas Area Valley resale closings in December 2010.  REO listings account for only 22% of total resale listings.

Current Listed Bank Owned Statistics:

  • Listings (1/15/2011):  3368
  • Under Contract (1/15/2011): 2560
  • Sold December 2010:  2025

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
344,391
Anja Kerstens
Coldwell Banker Residential Brokerage - Morgan Hill, CA
GRI, CDPE, CHS, ASP, Selling Silicon Valley Real

Renee,

I have seen a decline in home values here in Gilroy over the past two months.  The number of REOs and Short Sales is declining a bit too as it is in your market.  If this trend continues I believe the market will turn and home prices will increase.  Let's just hope so.

Jan 18, 2011 10:24 AM #1
Rainmaker
1,870,742
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

Is your market stabilizing with less REO and short sales and more closings due to conventional transactions?

Jan 18, 2011 10:32 AM #2
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1 ~Judi & Don Barrett & Chassy Eastep - Integrity
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Love the Strip Scene background behind that graph.  You are SO talented!

Jan 18, 2011 11:37 AM #3
Rainmaker
1,331,838
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - Wow, I can't believe REO sales in Las Vegas NV are UP over 400 compared to last month, that's incredible.

Jan 18, 2011 03:32 PM #4
Rainer
163,181
Ryan Case
SCA Real Estate - Anaheim, CA
877-828-0710

Wow, that is great to see that inventory has fallen! I wish it was the same here!

Jan 19, 2011 04:08 PM #5
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Renée Donohue
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate - Las Vegas, NV
Las Vegas Real Estate Broker - www.urLVhome.com

Anja:  Ditto, slight softening here but now spring buyers are gobbling up inventory!  Hopefully they can save it before it gets too low! (what is too low anyways?)

Everyone else:  Thanks for great comments!

Feb 18, 2011 12:17 AM #6
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