Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are enjoying a HOT SELLER'S MARKET! Inventory has risen dramatically (+1033 units), Pendings have dropped DRAMATICALLY (-2286 units.) <this is not good> Closing data is up up UP at + 246 units.
Current Listed Bank Owned Statistics:
- Listings (10/5/2007): 5226
- Under Contract (10/5/2007): 3802
- Sold 7/27-8/27/2008: 1958
- Absorption Rate: 2.8 Months
If you would like to buy a bank owned property call 702-966-2494, press option 1 and let us know what you are looking for. We will set you up on a search to have the new listings emailed to you as soon as they hit the market!
All statistical information I used to create this report was obtained from GLVAR MLS. Information Deemed Reliable but not Guaranteed.