Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale March 2012 (includes Henderson & North Las Vegas)

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

Las Vegas Short Sales

Las Vegas Area Short Sale Inventory Trends

Las Vegas Short Sales

Las Vegas Short Sale

The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new year approaches. Since last month:  Active Listing Inventory has DECREASED by -1001 units. Under Contract has INCREASED by +1077 units. Sold units have INCREASED by +57 units.

There are many reasons for the lack of closings in this market and it is outlined in this post.

Short Sale Synopsis:

  • Listings 4/15/2012: 1964
  • Pending 4/15/2012: 11253
  • Closed March 2012: 1140

Short Sales Currently Account for:

  • 34% of All Las Vegas Valley Listings
  • 27% of All Las Vegas Valley Sales

Read here for last month's report on Las Vegas Area Short Sales.

Most Current Market Report For Short Sales

Information About the Short Sale Process for Las Vegas Area Short Sale Buyers & Sellers

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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Las Vegas Foreclosures - Homes, High-Rises-Condos
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Rainmaker
3,475,887
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Morning Renee....sirens going off here, hope it is a drill LOL....have a great weekend, sure doesn't feel like one to me!

Apr 20, 2012 12:32 AM #1
Rainmaker
1,343,790
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - WOW, short sales in Las Vegas have really changed, it looks like more successful closings and less for sale.

Apr 24, 2012 11:30 AM #2
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks all for the comments!

May 22, 2012 08:12 AM #3
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