Las Vegas NV Area REO Real Estate Market Report & Homes for Sale January 2012 (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 (-332 units), Under Contracts have RISEN by (+72) units Closing data has FALLEN by (-318) 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 December 2011. REO listings account for only 20% of total resale listings.

Current Listed Bank Owned Statistics:

  • Listings (2/15/2012): 1703
  • Under Contract (2/15/2012): 2835
  • Sold January 2012: 1656

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 North Las Vegas Palmilla Townhomes
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 homes for sale
las vegas nv real estate
las vegas reo

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Ambassador
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Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Division Specialist

Wow, your REOs are fading fast, while ours are rising again.  Palm Beach county reported a 58% increase in one month.

Feb 18, 2012 09:48 AM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Renee

You are really on top of what's going on in the market - sounds like crazy times.

Things are a bit quiter here, but we could use more inventory

Jeff

Feb 18, 2012 11:06 AM #2
Rainmaker
1,333,244
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - Check out that absorption rate for Las Vegas NV REO's.

Feb 18, 2012 11:32 AM #3
Rainmaker
2,684,513
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Renee - Thank you for sharing detailed information on Las Vegas, NV area REO real estate market report homes for sale January 2012, including Henderson, North Las Vegas.

Feb 18, 2012 11:38 AM #4
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Sharon Paxson
Compass - Newport Beach, CA
Newport Beach Real Estate

Hi Renee-  the volume of sales in your Las Vegas, NV continues to amaze me . . . buyers are taking advantage of this great time to buy!

Feb 18, 2012 01:52 PM #5
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you all for the comments!

Mar 18, 2012 03:09 AM #6
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