Nevada Real Estate >> Las Vegas Real Estate Specialist: Las Vegas Area Real Estate Market Seller Concession Stand December 2009

Las Vegas Area Real Estate Market Seller Concession Stand December 2009

 

Las Vegas Area Concessions

Here is what buyers received in seller paid concessions on November 2009 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500:  63% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000:  19%
  • Over $4001:  18%

This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory!  Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs!

Last Month's Concession Stand


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

 

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Comment balloon 7 commentsRenée Donohue~Home Photography • January 22 2010 08:30AM

Comments

I am always amazed on your great graphs and easy to follow info.  Great job!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) almost 9 years ago

Renee

62% seems like the market is getting stronger and some buyers are happy to get the property.

Posted by Tom Braatz Waukesha County Real Estate 262-377-1459, Waukesha County Realtor Real Estate agent. SOLD! (Coldwell Banker) almost 9 years ago

Love the graphs, and your recent post on internet lead conversion. Good job!

Posted by Joseph Keech (Blue Atlantic Properties) almost 9 years ago

Renee,

Most of the sellers supposedly are banks, so the 63% figure is understandable. Buyer's market seems to be the thing of the past, for now anyway.

Posted by Esko Kiuru almost 9 years ago

Kristin:  THANKS!!

Tom:  I think It got around 2% stronger this month!

Joseph:  Thanks so much!

Esko:  For now, we all know how the winds of this market change quickly!!

Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) almost 9 years ago

Renee - This is excellent information about the Las Vegas NV real estate market for buyer's.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) almost 9 years ago

Michelle:  I feel it is good info for buyers who are trying to make that decision on how much they should ask for in concessions!

Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) almost 9 years ago

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