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Welcome Home to GATED N Las Vegas Communities: Allen Manor
Good proximity to the new Northern 215 Beltway which makes getting to shopping, restaurants, entertainment and professional offices a snap! Also close to Aliante Station Casino!
copyright 2006-2011 Renee Burrows, REALTOR®, The Force Realty 702-966-2494
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3 comments • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • November 29 2009 11:11AM
Even though bank owned listings (aka Foreclosures, REO) are seeing an upward tick in absorption, it is still a seller's market! Inventory has risen dramatically (+513 units), Pendings have risen +82 units Closing data is up up UP at -424 units. Inventory is rising at an uncontrolled pace which is causing the absorption rate to rise also. What I know on the back end with all the contracts being written, this may change VERY soon here. Low interest rates have spurred a flurry of buyer activity this December. Since the numbers were pulled, we are almost another 200 pendings higher! Foreclosures are showing NO signs of stopping!
REO sales accounted for 76.6% of all resales in November 2008. REO listings account for only 35.9% 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:
To find the most recent report, click here
If you are thinking about buying an REO (Foreclosure or Bank Owned) property in the Las Vegas Area Please Call: 702-966-2494:
All statistical information I used to create this report was obtained from GLVAR MLS. Information Deemed Reliable but not Guaranteed.
Sorry for the way silly headliner. This market is crazy with buyer activity and instead of appreciation we are still seeing slight depreciation. WHEN WILL THIS STOP?!?!?!
copyright 2006-2011 Renee Burrows, REALTOR®, The Force Realty 702-966-2494
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1 comment • Renee Burrows - Las Vegas Real Estate - (702-580-1783) www.ShackDiva.com • December 22 2008 09:06PMContent © 2009 'Frequent Contributors'. Design © 2009 ActiveRain Corp.
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