Las Vegas NV Area Pendings Report for November 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 is seeing an unusually large amount of units closed for fall. August almost broke records! Active listings are down again for the 11th month in a row! 2011 proves to be an interesting year for Las Vegas Real Estate!

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

  • Listings (12/15/2011): 11239
  • Under Contract (12/15/2011): 12905
  • Sold November 2011: 3784

Short Sales:

  • 47% of Listings
  • 27% of Sales

REO (Foreclosures, Bank Owned:)

  • 20% of Listings
  • 48% of Sales

In One Month: Listings are DOWN -302 units, Contracted Listings DOWN -109 units, Sales are DOWN -79 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®
 

 

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Rainmaker
1,333,998
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - What a fantastic absorption rate, I'd take it.

Dec 17, 2011 10:32 AM #1
Rainmaker
1,928,220
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

Very nice pending chart for the Las Vegas Nevada area. Looks like those solds are going up.

Dec 17, 2011 01:35 PM #2
Rainmaker
537,603
Bob Jakowinicz
National Realty Centers Livonia--Bob Jakowinicz - Livonia, MI
Michigan Real Estate Agent-- MI RE Adventures

I have noticed a huge pick up here in our area as well.  A few months back we saw a nice bump in foreclosures (my investor client loves them) and before we knew they were gone.

Dec 18, 2011 01:10 AM #3
Ambassador
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks everyone for the comments!

Dec 18, 2011 11:52 AM #4
Rainmaker
2,050,942
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Rene,

I think you folks have a very low inventory even though Vegas still  has a lot of Foreclosure and short activity. Good market report andI always enjoy your graphics.

Dec 19, 2011 06:56 AM #5
Ambassador
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks Bob!

Jan 26, 2012 01:03 AM #6
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