Las Vegas NV Area Pendings Report for July 2011 (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. A quick glance of Aug 2011 sold numbers shows that sales will be almost as high as July when the final tally is settled.

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

  • Listings (8/15/2011): 13397
  • Under Contract (8/15/2011): 13489
  • Sold July 2011: 3928

Short Sales:

  • 46% of Listings
  • 21% of Sales

REO (Foreclosures, Bank Owned:)

  • 24% of Listings
  • 53% of Sales

In One Month: Listings are DOWN -337 units, Contracted Listings DOWN -13 units, Sales are DOWN -467 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
1,526,918
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

Nice report with excellent use of graphics! Short sales do have a way of changing the scenery.

Aug 31, 2011 02:07 AM #1
Rainer
241,977
Justin Dibbs
Pearson Smith Realty - Ashburn, VA
REALTOR® - Ashburn Virginia Homes for Sale

Another awesome market report!  How long does it take you to put these posts together Renee?

Aug 31, 2011 02:08 AM #2
Rainmaker
1,025,692
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

You're shocking me Shack Diva.  Staggering to see the UC's overcome the Listings finally.  C'mon lenders get it in gear, Renee's got work to do! 

Aug 31, 2011 02:19 AM #3
Rainmaker
4,432,533
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Renee, You do a great job with your market reports. Do you have a program that you use?

Aug 31, 2011 02:19 AM #4
Rainmaker
3,236,744
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Renee, I hope the SOLD slice of the pie gets bigger and bigger and you contribute to it!

Aug 31, 2011 03:38 AM #5
Rainmaker
1,335,160
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - Great real estate market information for the pending properties in Las Vegas NV.

Aug 31, 2011 05:19 AM #6
Ambassador
998,316
Sharon Paxson
Compass - Newport Beach, CA
Newport Beach Real Estate

Hi Renee - excellent market report about the Las Vegas, Nevada area. Your reports are very comprehensive!

Aug 31, 2011 07:28 AM #7
Ambassador
1,510,452
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Gita:  Excel

Justin:  About 10-15 minutes :)

Everyone else:  Thanks for the comments!

Oct 06, 2011 10:42 AM #8
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