Renee Burrows has provided a break down for REO Retail Marketing Statistic for Las Vegas, Nevada, North Las Vegas, and Henderson for April 2011. Inventory has shown a small increase from the month before. Offers have increased as well over last month contingent offers. Closing have seen a slight decrease due to a number of factors with underwriting, title issues, HOA demand delays and short sales all having it toll in the number of closings. To see if you can qualify for a home loan please contact me at 702-271-2659 or apply online.
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
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.