Las Vegas NV Area REO Real Estate Market Report & Homes for Sale April 2011 (includes Henderson & North Las Vegas)

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

REO Bank Owned Foreclosure Homes for Sale in Las Vegas

REO Bank Owned Foreclosure Homes for Sale in Las Vegas

REO Bank Owned Foreclosure Homes for Sale in Las Vegas

Las Vegas Area REO Inventory has RISEN since last report (+255 units), Under Contracts have RISEN by (+102) units  Closing data has FALLEN by (-283) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.  

REO sales accounted for 48% of all Las Vegas Area Valley resale closings in April 2011.  REO listings account for only 22% of total resale listings.

Current Listed Bank Owned Statistics:

  • Listings (5/15/2011):  3077
  • Under Contract (5/15/2011): 3265
  • Sold April 2011:  1816

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®
 

 

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

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Kenny Salame 05/19/2011 11:48 AM
Topic:
Real Estate Market Trends
Location:
Nevada Clark County North Las Vegas Granada Pointe
Groups:
Market Updates
Nevada/Las Vegas REO, Fourclosure, Short Sale Specialist
City and State
Las Vegas Foreclosures - Homes, High-Rises-Condos
Market Reports
Tags:
las vegas market report
las vegas homes for sale
las vegas nv real estate
las vegas reo

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Rainmaker
642,873
Sun City Grand Homes Surprise AZ Real Estate Leolinda Bowers Designated Broker Leolinda Realty
Leolinda Realty - Surprise, AZ
Sun City Grand in Surprise Arizona

As usual, you provide very informative and interesting data. Increased inventory and less sales, can't wait to read the next post.  Your market reports always provide Las Vegas buyers and sellers with critical information.

May 19, 2011 03:39 AM #1
Rainmaker
564,223
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Renee,

Blink, Blink... 1.7 months inventory is amazing. Blink and buyers will miss it.

Good speed with your North Las Vegas sales,

Steve

May 19, 2011 03:59 AM #2
Rainmaker
517,786
Bob Jakowinicz
National Realty Centers Livonia--Bob Jakowinicz - Livonia, MI
Michigan Real Estate Agent-- MI RE Adventures

Things are trying to get better, we just have a big mess to clean up and may take awhile.  We go from one extreme to another and back again all within a short time with market times in our area, lol 

May 19, 2011 04:19 AM #3
Rainmaker
1,331,888
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - I hope those closing start to rise next month in Las Vegas.

May 19, 2011 05:34 AM #4
Ambassador
1,507,152
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you everyone for comments!!

Steve:  it is the truth about blinking and missing out!

May 23, 2011 05:36 AM #5
Rainer
2,878
Allison Mendez
Tampa, FL

The numbers that have happened in Vegas are just crazy huh.

May 24, 2011 10:01 AM #6
Ambassador
1,507,152
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Allison:  Very Crazy!

Jun 17, 2011 08:39 AM #7
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