Las Vegas NV Area REO Real Estate Market Report & Homes for Sale November 2011 (includes Henderson & North Las Vegas)

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Services for Real Estate Pros with Savvy Home Pix B.1000860.LLC

REO Bank Owned Foreclosure Homes for Sale in Las Vegas

REO Bank Owned Foreclosure Homes for Sale in Las Vegas

REO Bank Owned Foreclosure Homes for Sale in Las Vegas

Las Vegas Area REO Inventory has FALLEN since last report (-302 units), Under Contracts have FALLEN by (-109) units Closing data has FALLEN by (-79) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues.  AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice!

REO sales accounted for 48% of all Las Vegas Area Valley resale closings in October 2011. REO listings account for only 20% of total resale listings.

Current Listed Bank Owned Statistics:

  • Listings (12/15/2011): 2279
  • Under Contract (12/15/2011): 3074
  • Sold November 2011: 1805

View Last Month's Report Here

For Most Current Las Vegas REO Inventory Market Report.

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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Topic:
Real Estate Market Trends
Location:
Nevada Clark County Henderson Legacy Courtyard Condo
Groups:
Market Updates
Nevada/Las Vegas REO, Fourclosure, Short Sale Specialist
City and State
Las Vegas Foreclosures - Homes, High-Rises-Condos
Market Reports
Tags:
las vegas market report
las vegas nv real estate
las vegas reo

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Show All Comments
Rainmaker
1,331,888
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - Another fabulous market report for Las Vegas NV real estate.

Dec 20, 2011 01:38 PM #1
Rainer
377,321
Laura S. Baker
First Weber Inc - Lake Mills, WI
Realtor (920) 728-4118, First Weber Inc

Renee, I have got to tell you,... I have market report envoy!!!  You do such an amazing job with these. 

Dec 20, 2011 02:09 PM #2
Rainmaker
820,740
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Renee - what a drop - from 48% REO to 20% in active Las Vegas real estate listings - it sure says a lot for the real estate recovery in the Las Vegas area - here's hoping it continues.

Dec 20, 2011 03:36 PM #3
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Renee - Your market reports are indeed amazing! I love the look for them and am sure your clients do as well! Merry Christmas!

Dec 21, 2011 01:44 AM #4
Rainmaker
915,137
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Hi Renee - It almost doesn't seem possible that you can have a 1.3 month absorbtion rate for Las Vegas foreclosure homes. I guess the media must have missed that.

Dec 21, 2011 01:54 AM #5
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Renee, your report is so clear and easy to read. A 1.3 month supply is incredible!

Dec 21, 2011 06:30 AM #6
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you all for the comments!

Jan 18, 2012 01:07 PM #7
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