Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Las Vegas: Eldorado Warm Springs

Las Vegas | Henderson | North Las Vegas NV June 2010 REO Inventory Update

Las Vegas Area REO Homes for Sale

Las Vegas Area REO Absorption Rate and Real Estate Market Report

Las Vegas Area REO Inventory has RISEN since last report (+330 units), Under Contracts have FALLEN (-27) units  Closing data has RISEN (+161) units.  Low interest rates have spurred a flurry of buyer interest & activity  and it continues.  

REO sales accounted for 40% of all Las Vegas Area Valley resale closings in June 2010.  REO listings account for only 21% of total resale listings.

Multiple offers are streaming in as banks continue to lower to fire and auction sale prices.

Current Listed Bank Owned Statistics:

  • Listings (7/15/2010):  2476
  • Under Contract (7/15/2010): 2760
  • Sold June 2010:  1625

View Last Month's Report Here  



Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

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Comment balloon 5 commentsRenée Burrows • July 23 2010 11:08AM
Las Vegas | Henderson | North Las Vegas NV June 2010 REO Inventory…
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Las Vegas Area REO Inventory has RISEN since last report (+330 units), Under Contracts have FALLEN (-27) units Closing data has RISEN (+161) units. Low interest rates have spurred a flurry of buyer interest & activity and it… more