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Las Vegas NV Area Concession Stand 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 Real Estate

Here is what buyers received in seller paid concessions on July 2011 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500: 70% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000: 20%
  • Over $4001: 11%

This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory! Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs!

Last Month's Concession Stand

Most Current Concession Stand

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®
 

 

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Comments (7)
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Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Rene,

I really like the pie chart for this data. Sellers as you said are holding firm in your market and not giving much if anything up to potential buyers. I would guess that is a good sign for the market overall.

Thank you for commenting on my blog as I always enjoy comments and appreciate when they are made.

Sep 08, 2011 04:15 AM
Justin Dibbs
Fairway Independent Mortgage - Ashburn, VA
Mortgage Advisor

That is a GREAT idea for a market report!  Evergreen content to share with current and new buyer clients.  I'm going to crunch some numbers today, but I'm betting my chart would look very similar to yours.  We are in a sellers market in lots of neighborhoods.

Sep 08, 2011 05:01 AM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

WOW -- 70% of homes sold with <$500 concessions.  That tells you *us something doesn't it?  I'm not sure if "sellers are holding firm" as Robert #1 suggests . . . or if sellers have nothing firm to hold on to and can't cough up anything else!  Great post Renee.

Sep 08, 2011 12:16 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Renee, Well for any market to realize some movement and improvement this is good news for the real estate recovery!

Sep 09, 2011 12:41 AM
Sharon Paxson
Sharon Paxson, Realtor® EQTY Forbes Global Properties - Newport Beach, CA
Newport Beach Real Estate

Hi Renee - that is interesting that 70$ of the Las Vegas home sales had less than $500 concessions. This is good news!

Sep 09, 2011 07:33 AM
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

Nice market report..I need to spruce mine up and find time to put more in gear.

Sep 10, 2011 03:53 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you all for the comments!

Sep 30, 2011 01:52 AM
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