Las Vegas NV Area Concession Stand October 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 October 2011 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500: 67% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000: 19%
  • Over $4001: 13%

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®
 

 

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

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Rainmaker
921,539
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Renee - It seems so odd to read those words, seller market. I love it, and I can't wait till it happens here. The Las Vegas market is not what most people think it is.

Nov 13, 2011 01:05 AM #1
Rainmaker
317,279
Pat Laracy Baker
Realty Executives Boston West - Holliston, MA
Pat Baker Dream Home Maker

Hi Renee, I don't believe it has been a seller's market here since August of 2005.  It is great to see.  Continued success to you.

Nov 13, 2011 01:33 AM #2
Ambassador
916,557
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

Renee, Seller Concession Stats now that one we all love to hear about. Great Work. 

Nov 13, 2011 01:45 AM #3
Rainmaker
798,859
Cindy Edwards
RE/MAX Checkmate - Johnson City, TN
CRS, GRI, PMN - Northeast Tennessee - 423-677-6677

Hi Renee,

Nice stats.  That is a great item to bring to top of mind.

Nov 13, 2011 02:25 AM #4
Rainmaker
3,180,758
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Morning Renee...I hope you have a great rest of the weekend.  Keep those helpful reports coming for your customers!

Nov 13, 2011 02:45 AM #5
Rainmaker
2,316,004
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Renee: More great information for your local consumers to read and learn from.  Well done on this Las Vegas Resale Seller Paid Concessions Report!

Nov 13, 2011 04:17 AM #6
Rainmaker
2,050,942
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Interesting data to look at and try to get a picture of what is going on. Your market's concessions or listing price discount run higher than here in Katy but are still not showing a run away buyer's market. I like your graphics as always.

Nov 13, 2011 05:46 AM #7
Rainmaker
1,333,998
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - This is probably one of my favorite types of real estate market reports.

Nov 13, 2011 11:01 AM #8
Ambassador
1,509,742
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you all for the comments!

Nov 14, 2011 03:36 AM #9
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