Las Vegas NV Area Pendings Report for March 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 Homes for Sale

Las Vegas Area Homes for Sale

Las Vegas Area Real Estate Market Report and Absorption Rate

Las Vegas Real Estate Inventory has stabilized after the months of increase following the first time buyer's tax credit expiration.  Against my predictions, we are still a seller's market after flirting with stable market territory for months. .

Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)

  • Listings (4/15/2011):  14125
  • Under Contract (4/15/2011):  13051
  • Sold March 2011:  4159

Short Sales:

  • 50% of Listings
  • 24% of Sales

REO (Foreclosures, Bank Owned:)

  • 20% of Listings
  • 51% of Sales

In One Month:  Listings are DOWN -318 units, Contracted Listings UP +526 units, Sales are UP +909 units.  Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times. 

 DOWN PAYMENT ASSISTANCE HAS NOT ENDED FOR FIRST TIME BUYERS, HOWEVER!!

Last Month's Pending Report

For Most Current Las Vegas Real Estate Inventory Market Report Click Here.

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®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Rainmaker
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Rebekah Radice
Imagine WOW! Digital Marketing Agency - Burbank, CA
Social Media Marketing, Coaching & Training

Thanks for the update Renee.  We have a rental out there and I like to keep up on things.

Apr 28, 2011 12:59 AM #1
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Sure does look like your market is humming along quite well, Renee.  Thanks for the update.

Apr 28, 2011 01:03 AM #2
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Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Listings down and contracts up sounds like a good thing!  My parents lived in Las Vegas for 10 years, in the 80s and absolutely loved it.

Apr 28, 2011 01:06 AM #3
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you all for the comments!

Jun 01, 2011 10:12 AM #4
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