Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale September 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 is a strong seller's market. Since last month:  Active Listing Inventory has DECREASED by -124 units. Under Contract has DECREASED by -262 units. Sold units have DECREASED by -142 units.

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

Short Sale Synopsis:

  • Listings 10/15/2012: 995
  • Pending 10/15/2012: 11735
  • Closed September 2012: 1439

Short Sales Currently Account for:

  • 21% of All Las Vegas Valley Listings
  • 46% 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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Topic:
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Location:
Nevada Clark County North Las Vegas Tropical Breeze
Groups:
Market Updates
Nevada/Las Vegas REO, Fourclosure, Short Sale Specialist
City and State
Las Vegas Foreclosures - Homes, High-Rises-Condos
Market Reports
Tags:
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las vegas homes for sale
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las vegas nv real estate

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Ambassador
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Bryan Robertson
Los Altos, CA

This is a really clear report and tells me that the folks screaming about bad markets don't know what they're talking about.  It looks to me like LV is doing very well.

Oct 28, 2012 08:10 AM #1
Rainmaker
623,229
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Call Renee Burrows today for any Las Vegas Nevada short sale homes for sale questions.

 

Oct 28, 2012 08:23 AM #2
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

That huge inventory of pending sales is impressive.  I hope the banks will start approving those short sales.

Oct 28, 2012 08:57 PM #3
Rainmaker
1,343,790
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - A picture is worth a thousand words, amazing short sale stats for Las Vegas, glad inventory has dropped so much.

Nov 02, 2012 10:08 AM #4
Ambassador
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you all for the comments!

Dec 06, 2012 02:30 AM #5
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Renée Donohue~Home Photography

Western Michigan Real Estate Photographer
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