Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Las Vegas: Laguna Palms

Las Vegas NV Area Short Sale Real Estate Market Report & Homes for Sale Feb 2011 (includes Henderson & North Las Vegas)

Las Vegas Short Sales

Las Vegas Short Sales

Las Vegas Short Sale

The absorption rate for Las Vegas Valley Area Short Sales has swung from a stable market back to a buyer's market. Inventory has DECREASED by -307 units.  Under Contract has INCREASED by +324 units.    Sold units have DECREASED by -1 unit.

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

Short Sale Synopsis:

  • Listings 3/15/2011:  7421
  • Pending 3/15/2011: 7919
  • Closed February 2010: 850

Short Sales Currently Account for:

  • 51% of All Las Vegas Valley Listings
  • 26% 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®
 

 

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Comment balloon 18 commentsRenée Burrows • April 04 2011 08:37AM
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 has swung from a stable market back to a buyer's market. Inventory has DECREASED by -307 units. Under Contract has INCREASED by +324 units. Sold units have DECREASED… more