Las Vegas NV Area Concession Stand February 2012 (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 February 2012 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500: 73% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000: 18%
  • Over $4001: 9%

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®
 

 

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Rainmaker
623,229
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

So interesting to see the market shift and the reality of what a buyer will face when purchasing in your Las Vegas area home market.  Having realistic expectations up front is a part of the educational process that you are providing.

Apr 05, 2012 12:54 AM #1
Rainmaker
567,205
Bob Jakowinicz
National Realty Centers Livonia--Bob Jakowinicz - Livonia, MI
Michigan Real Estate Agent-- MI RE Adventures

The Shack-Diva strikes again, lol.  Great to know the numbers when looking to buy or sell for making much better decisions.

Apr 05, 2012 04:19 AM #2
Ambassador
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Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

So let's see if we get this, less seller's concessions because they no longer have to offer, less inventory to choose from, very low absorbsion rate, and rising prices?  All this SCREAMS RECOVERY and SELLER'S MARKET.  Is that what we are to understand?

Apr 05, 2012 12:35 PM #3
Rainmaker
4,798,978
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Those are interesting stats Renee.  I don't have that information for our market, but I'd like to see it.

Apr 05, 2012 09:00 PM #4
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks all for the comments!

May 10, 2012 08:55 AM #5
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