Nevada Real Estate >> Las Vegas Real Estate Specialist: February 2013

Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale January 2013 (includes Henderson & North Las Vegas)

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.


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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Comment balloon 8 commentsRenée Burrows • February 27 2013 07:10AM
Las Vegas NV Area Short Sale Real Estate Market Report & Homes…
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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… more
Coronado Ranch (Las Vegas NV) Real Estate Market Report & Homes…
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Coronado Ranch February 2013 Real Estate Resale Market Report (Homes For Sale/Pending/Sold): Listings (3/15/2013): 5 Under Contract (3/15/2013): 35 Sold February 2013: 6 Since Last Month:… more
Desert Shores (Las Vegas NV) Real Estate Market Report & Homes…
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Desert Shores January 2013 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold) : Listings (2/15/2013): 38 Under Contract (2/15/2013): 79 Sold January 2013: 16 Since Last… more
Las Vegas NV Area REO Real Estate Market Report & Homes for Sale…
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Las Vegas Area REO Inventory has FALLEN since last report (-5 units), Under Contracts have RISEN by (+45) units Closing data has RISEN by (+2) units. Low interest rates have spurred a flurry of buyer interest &… more
Las Vegas NV Area Market Watch February 2013 (includes Henderson &…
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**LAS VEGAS AREA RESIDENTIAL RESALE HOME INVENTORY DROPS AGAIN!!! ** We are still squeezed for inventory. New REO listings are few and far between thanks to AB 284 with currently no end to that drama in sight. Multiple offers on well… more
Charleston Heights (Las Vegas NV) Real Estate Market Report &…
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Charleston Heights January 2013 Real Estate Resale Market Report: Listings (2/15/2013): 51 Under Contract (2/15/2013): 153 Sold January 2013: 30 Since Last Month: Listings are UP +1 units, Pendings… more
Las Vegas NV Area Concession Stand December 2012 (includes Henderson..
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Here is what buyers received in seller paid concessions on November 2012 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500: 85% ($500 only buys you a home warranty or (no and) an appraisal) Between.. more
Siena "Sun Colony Summerlin" Real Estate Market Report &…
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Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles. Siena (Sun Colony, not a true "Sun City" but appropriate age restricted… more
Las Vegas NV Area High & Mid Rise Condominium Resale & Rental…
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Las Vegas High Rise Rentals : 225 Listed 1/15/2013 21 Under Contract 1/15/2013 62 Leased December 2012 3. 6 Months Inventory Low Leased Price: $750/Month ( Lake Las Vegas ) Median Leased Price: $1798… more
Rhodes Ranch Area (Las Vegas NV) Real Estate Market Report &…
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Rhodes Ranch Area Resale Market Report (homes for sale, pending and sold): Active Listings (1/15/2013): 57 Under Contract (1/15/2013): 304 Sold December 2012: 74 Low: $75, 000 ( Sunset Cliffs ) Median… more
Sun City Anthem (Henderson NV) Real Estate Market Report & Homes…
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Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles. Sun City Anthem is located in the Anthem Area of Henderson NV (zip 89052… more
Mountain's Edge (Las Vegas NV) Real Estate Market Report & Homes…
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Mountain's Edge December 2012 Real Estate Resale Market Report : Listings (1/15/2012): 81 Under Contract (1/15/2012): 340 Sold December 2012: 78 Since Last Month: Listings are DOWN -15,… more
Las Vegas NV Area "Communities At a Glance" Real Estate…
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Las Vegas Area "Communities At a Glance" Real Estate Market Report for January 2013 What is Absorption Rate? Absorption rate is basically a report of inventory amounts & trends. It is important for placing… more
The Lakes (Las Vegas NV) Real Estate Market Report & Homes for…
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The Lakes December 2012 Real Estate Resale Market Report: Listings (1/15/2013): 29 Under Contract (1/15/2013): 64 Sold December 2012: 16 Since Last Month's Report: Listings DOWN -5, Pendings… more
Las Vegas NV Area Sales by Type: Short Sales, REO, Standard Sales for…
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Las Vegas Area January 15, 2012 Active Listings by Type REO: 543 (12%) Short Sale: 801 (18%) All Other: 3069 (70%) December 2012 Sales by Type: REO: 354 (10%… more
Las Vegas NV Area Home Sold Terms & Trends December 2012..
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Cash REMAINS KING in the Las Vegas Area Real Estate Market!!! It is important for every buyer in the Las Vegas Area Real Estate Market to understand who their buyer competition is in this currently competitive seller's market LV is… more
Las Vegas NV Area Rental Home Market Report December 2012 (includes…
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Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are… more
Desert Shores (Las Vegas NV) Real Estate Market Report & Homes…
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Desert Shores December 2012 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold) : Listings (1/15/2013): 38 Under Contract (1/15/2013): 78 Sold December 2012: 23 Since Last… more
Las Vegas NV Area REO Real Estate Market Report & Homes for Sale…
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Las Vegas Area REO Inventory has RISEN since last report (+39 units), Under Contracts have RISEN by (+8) units Closing data has FALLEN by (-6) units. Low interest rates have spurred a flurry of buyer interest &… more
Silverado Ranch (Las Vegas NV) Real Estate Market Report & Homes…
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Silverado Ranch December 2012 Real Estate Resale Market Report (Homes For Sale, Pending, Sold) : Listings (1/15/2013): 30 Under Contract (1/15/2013): 179 Sold December 2012: 51 Since last month:… more