Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale October 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 -35 units. Under Contract has DECREASED by -222 units. Sold units have INCREASED by +169 units.

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

Short Sale Synopsis:

  • Listings 11/15/2012: 960
  • Pending 11/15/2012: 11513
  • Closed October 2012: 1608

Short Sales Currently Account for:

  • 20% 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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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

ANd another great market report PROVING we are in an absolute SELLERs market and great job of bringing out the great news to the public attention.

Dec 06, 2012 11:22 AM #1
Rainmaker
4,797,764
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Renee, that is an incredible number of pending listings.  What percentage do you guess will close?

Dec 06, 2012 08:43 PM #2
Rainmaker
921,539
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

I love it Las Vegas short sales have less than 1 month supply of inventory. It must be a lot of fun as a buyers agent explaining this to buyers. I'm sure the local news is still reporting datat from 2008.

Dec 08, 2012 01:56 AM #3
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks all for stopping by!

Gabe - probably only 10-20%

Jan 06, 2013 10:05 PM #4
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