Las Vegas NV Area Pendings Report for April 2011 (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 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 (5/15/2011):  14096
  • Under Contract (5/15/2011):  13241
  • Sold April 2011:  3790

Short Sales:

  • 47% of Listings
  • 24% of Sales

REO (Foreclosures, Bank Owned:)

  • 22% of Listings
  • 48% of Sales

In One Month:  Listings are DOWN -29 units, Contracted Listings UP +190 units, Sales are DOWN -369 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.

Posted by

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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Rainer
387,459
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Great information here Renee on the LV market. It is nice to be wrong sometimes when the actual news is better than predicted.

Jun 01, 2011 12:12 PM #1
Rainmaker
1,331,382
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - Great real estate market information for Las Vegas NV, I bet a lot of people will be surprised with the low inventory.

Jun 01, 2011 03:44 PM #2
Rainer
1,401,276
Vickie Nagy
Palm Springs, CA
Good solid bit of information here. Glad to hear that you are flirting with a seller's market. It's about time for the distressed 2nd home market to rebound!
Jun 01, 2011 04:34 PM #3
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William Johnson
RE/MAX Associates - La Jolla, CA
San Diego Real Estate Voice, GRI CRS e-Pro CDPE

Hi Renee, Love the new photo and this is a great and comprehensive market report that clearly shows your market. Some stunning statistics !

Jun 01, 2011 05:11 PM #4
Rainmaker
1,858,667
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Hi Renee

Here is hoping sales and more listings come your way soon.

Jun 02, 2011 06:55 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

Thank you everyone for the comments!

Jun 25, 2011 12:55 PM #7
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Renée Donohue

Las Vegas Real Estate Broker - www.urLVhome.com
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