Las Vegas NV Area Concession Stand August 2013 (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 June 2013 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500: 90% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000: 6%
  • Over $4001: 4%

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
820,870
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Renee, that's pretty interesting.  Do you see this more in the lower end/first time buyer price range in your Las Vegas real estate market?  

Oct 15, 2013 09:27 AM #1
Ambassador
2,080,167
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
It is a sellers market indeed...listings are gold in my area as well...
Oct 15, 2013 12:37 PM #2
Rainmaker
1,571,222
David Saks
(retired) - Memphis, TN

Great report, Renee'. Thank you for sharing. Hopes for your continued success.

Oct 15, 2013 05:31 PM #3
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

Renee, looks like buyers who are hoping for any significant concessions will not have much luck in the Las Vegas market.

Oct 15, 2013 10:32 PM #4
Rainmaker
3,477,585
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Renee, you always do such a wonderful job with your market reports on Las Vegas....keep it up!

Oct 15, 2013 11:01 PM #5
Rainmaker
934,300
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Hi Renee - when cash is king, concessions are not expected. It looks like investors have control of your market right now.

Oct 15, 2013 11:20 PM #6
Rainmaker
1,468,745
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Renee...this is a very interesting post. FYI...I love your graphs...next time I am in Vegas maybe I can buy you dinner or drinks and you will show me how you do them...I love that!

Oct 16, 2013 12:16 AM #7
Rainmaker
423,061
Nevin Williams
Fairway Independent Mortgage Corporation - Cary, NC
Senior Mortgage Advisor

Hey Renee - Love those pie charts.  Question,  is that an apple or bluberry pie?!

Oct 16, 2013 12:26 PM #8
Rainmaker
1,343,790
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - I am not surprised by that percentage at all, I can't recall the last time a buyer received seller concessions.

Oct 20, 2013 12:05 PM #9
Ambassador
1,513,057
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks all for stopping by!

Julie - the lower end markets are giving up NOTHING right now because there are too many buyers!

Nov 15, 2013 07:06 AM #10
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Renée Donohue~Home Photography

Western Michigan Real Estate Photographer
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