Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale January 2013 (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 -146 units. Under Contract has DECREASED by -251 units. Sold units have DECREASED by -642 units.

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

Short Sale Synopsis:

  • Listings 2/15/2013: 655
  • Pending 2/15/2013: 9604
  • Closed January 2013: 1004

Short Sales Currently Account for:

  • 16% of All Las Vegas Valley Listings
  • 37% 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
2,033,997
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Renee. .I read somewhere that Las Vegas Nevada is posting huge gains for homeowners once again. .I guess I missed my dream retirement home on a golf course overlooking the mountains for under $250K

Feb 26, 2013 11:22 PM #1
Rainmaker
925,416
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Hi Renee - Here is proof that short sales will be a rapidly shrinking portion of the Las Vegas homes market soon. It looks like you are have fun out there.

Feb 26, 2013 11:27 PM #2
Rainmaker
1,419,681
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

great post Renee...I love how you put the numbers together in an easy to read format.....hmmm

Feb 26, 2013 11:41 PM #3
Rainmaker
546,253
Bob Jakowinicz
National Realty Centers Livonia--Bob Jakowinicz - Livonia, MI
Michigan Real Estate Agent-- MI RE Adventures

Wow, who would've thought we would go from one extreme to the other so fast???  We are experiencing the same type of thing here in Michigan 

Feb 27, 2013 12:07 AM #4
Rainmaker
1,029,843
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

This looks like a new graph Renee, it certainly places the LV distressed short sale market into perspective.  WOW!

Feb 27, 2013 04:48 AM #5
Rainmaker
4,798,120
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Wow, Renee, those numbers are staggering for me as my market is just so tiny compared to yours.  The graph showing the decline in inventory tells a lot of the story.

Feb 27, 2013 08:38 PM #6
Rainmaker
1,339,852
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - Wow, Las Vegas Short Sales seem to be on the decline!!!!

Mar 01, 2013 11:53 AM #7
Ambassador
1,510,732
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks all for the comments!

Apr 01, 2013 10:19 AM #8
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