Las Vegas NV Area Pendings Report for December 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 winter. Active listings are down again for the 13th 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 (1/15/2012): 10446
  • Under Contract (1/15/2012): 12380
  • Sold December 2011: 4098

Short Sales:

  • 47% of Listings
  • 27% of Sales

REO (Foreclosures, Bank Owned:)

  • 20% of Listings
  • 48% of Sales

In One Month: Listings are DOWN -793 units, Contracted Listings DOWN -525 units, Sales are UP +314 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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Ambassador
1,583,761
Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Renee - Your market reports give a clear picture of what's happening in the Las Vegas real estate market--it's still driven by short sales and bank owned properties.  You're providing an easy way for consumers to see a snapshot of local real estate activity.

Jan 26, 2012 01:31 AM #1
Rainmaker
2,981,843
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Renee, I love your dilegence on your reports, and the graphs, don't even start!  LOL...Hope the SOLD slice is the biggest next time!

Jan 26, 2012 02:19 AM #2
Ambassador
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you Norma & Kristin for your comments!

Jan 26, 2012 02:56 AM #3
Rainmaker
2,050,539
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Renee,

Your avaiable inventory level is very low and should reflect a much stronger market in the coming months with I would think prices rising. Thanks for the market report and as I have said several times wonderful graphics.

Jan 26, 2012 06:08 AM #4
Rainmaker
508,942
C. Lloyd McKenzie
Albuquerque, NM
Living Albuquerque

What an outstanding report on the Las Vegas Market...It appears that Las Vegas is poised for a rebound. Should prospective buyers or sellers need information about the market or assistance with buying or selling their home in Las vegas, they should defiitely contact Renee Burrows at 702-580-1783  or visit her website at www.ShackDiva.com

Jan 26, 2012 04:52 PM #5
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Well thanks for the kind comments Robert & C Lloyd!

Feb 25, 2012 12:09 AM #6
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