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

  • Less than $500: 81% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000: 8%
  • Over $4001: 11%

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®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Rainmaker
2,016,895
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Love the pie graph showing how big a slice for each category...quick and easy. Bang.

Oct 24, 2012 01:09 AM #1
Rainmaker
824,182
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Renee! That is gorgeous! And the point is made. People, buying a house requires costs that YOU pay. The selller already pays for title insurance and escrow fees, and prorates the taxes.

 

Oct 24, 2012 01:20 AM #2
Rainmaker
1,058,929
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Renee, remember when the serving was so much more generous?  You're gonna need a bigger pie!

Oct 24, 2012 01:38 AM #3
Ambassador
1,615,674
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Phoenix is in the same boat-it is a sellers market. Buyers bring your check books to spend money

Oct 24, 2012 03:04 AM #4
Rainmaker
870,265
Kevin Mackessy
Blue Olive Properties, LLC - Highlands Ranch, CO
Dedicated. Qualified. Local.

The 0% slice is quite large...  Fine looking graph though, easy to present information.  

Oct 24, 2012 03:49 AM #5
Rainmaker
135,800
Paul Francis
Francis Group Real Estate - Las Vegas, NV
Las Vegas Real Estate Agent - Summerlin Homes

Nothing, zero, zip, nada, $0.

Lots of laughing. Lucky to get something decent at a good price right now. Compared to last year anyways.

Waiting to hear back from some buyers the news that a servicer for a big taxpayer funded GSE is not going to accept their offer unless they come up $30K. Nice.

Oct 24, 2012 04:27 AM #6
Rainmaker
1,317,757
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

It looks like the market is changing and it will take a while for the buyers to understand that concept. 

Oct 24, 2012 01:13 PM #7
Rainmaker
820,870
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Very interesting information for buyers looking to buy a home in the Las Vegas area, Renee.  In a sellers market, the Las Vegas home sellers know they don't need to offer much, if any assitance - there's more buyers then sellers right now - move on to the next contract. 

Oct 27, 2012 05:13 AM #8
Ambassador
1,513,057
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks all for the comments!

Paul - hearing that is going on all over!!!!!!!

Nov 15, 2012 07:04 AM #9
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