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!
I am always amazed on your great graphs and easy to follow info. Great job!
Renee
62% seems like the market is getting stronger and some buyers are happy to get the property.
Love the graphs, and your recent post on internet lead conversion. Good job!
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.
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!!
Renee - This is excellent information about the Las Vegas NV real estate market for buyer's.
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!