Nevada Real Estate >> Las Vegas Real Estate Specialist: Where is Your Slice of the Pie? July 2007 Las Vegas Valley Macro Markets Broken Down For You!

Where is Your Slice of the Pie? July 2007 Las Vegas Valley Macro Markets Broken Down For You!

Las Vegas, NV Real EstateJuly 2007 Las Vegas Valley Macro Markets Broken Down. All charts are listed on my website for your viewing.

Active Listings (green), Pending Contracts (yellow) and Sold (red) information was pulled from the Las Vegas Area MLS (GLVAR). Listings and Pendings as of 7/22/2007. Sold Information is from 6/10-7/10-2007. GLVAR deems information reliable but not guaranteed. Charts Prepared by Renee Burrows/Nevada Realty Solutions.

 

Chart 1: All Listings/Pendings & Solds

  • Listings = 26330
  • Pendings = 2825
  • Sold = 1791
  • Months Inventory = 14.7

 

Chart 2: All Single Family Residence Listings/Pendings & Solds

  • Listings = 20525
  • Pendings: 2289
  • Sold = 1455
  • Months Inventory = 14.1

 

Chart 3: All Townhome Listings/Pendings & Solds

 

  • Listings = 1617
  • Pendings = 189
  • Sold = 131
  • Months Inventory = 12.3

 

Chart 4: All Condominium Listings/Pendings & Solds

  • Listings = 4044
  • Pendings = 317
  • Closed = 194
  • Months Inventory = 20.8

 

Chart 5: Highrise/Midrise Condominium Listings/Pendings & Solds

  • Listings = 1106
  • Pendings = 109
  • Closed = 26
  • Months Inventory = 42.5

 

Chart 6: Condominiums Excluding Midrise & Highrise Listings/Pendings & Solds

  • Listings = 2938
  • Pendings = 208
  • Closed = 168
  • Months Inventory = 17.4

 

Chart 7: Single Family Homes Under $200K Listings/Pendings & Solds

  • Listings = 443
  • Pendings = 113
  • Sold = 60
  • Months Inventory = 7.3

 

Chart 8: Single Family Homes Between $200-250K Listings/Pendings & Solds

  • Listings = 2863
  • Pendings = 462
  • Sold = 299
  • Months Inventory: 9.5

 

Chart 9: Single Family Homes Between $250-325K Listings/Pendings & Solds

  • Listings = 6352
  • Pendings = 743
  • Sold = 453
  • Months Inventory = 14

 

Chart 10: Single Family Homes Between $325-400K Listings Pendings & Solds

  • Listings = 4115
  • Pendings = 433
  • Sold = 269
  • Months Inventory = 15.2

 

Chart 11: Single Family Homes Between $400-650K Listings/Pendings & Solds

  • Listings = 4475
  • Pendings = 390
  • Sold = 278
  • Months Inventory 16

 

Chart 12: Single Family Homes Between $650K-1 Million Listings/Pendings & Solds

  • Listings = 1708
  • Pendings = 113
  • Sold = 93
  • Months Inventory = 18.3

 

Chart 13: Single Family Homes $1 Million and Above Listings/Pendings &
Solds

  • Listings = 1056
  • Pendings = 85
  • Sold = 36
  • Months Inventory = 29.3

 

Chart 14: Condo/TH (Excluding Mid & High Rise) Under $200K Listings/Pendings & Solds

  • Listings = 2378
  • Pendings = 237
  • Sold = 177
  • Months Inventory = 13.4

 

Chart 15: Condo/TH (Excluding Mid & High Rise) $200-225K Listings/Pendings & Solds

  • Listings = 769
  • Pendings = 67
  • Sold = 57
  • Months Inventory = 13.5

 

Chart 16: Condo/TH (Excluding Mid & High Rise) $225-250K Listings/Pendings &
Solds

  • Listings = 570
  • Pendings = 41
  • Sold = 37
  • Months Inventory = 15.4

 

Chart 17: Condo/TH (Excluding Mid & High Rise) 250-300K Listings/Pendings &
Solds

  • Listings = 518
  • Pendings = 40
  • Sold = 25
  • Months Inventory = 20.7

 

Chart 18: Condo/TH (Excluding Mid & High Rise) 300-400K Listings/Pendings &
Solds

  • Listings = 290
  • Pendings = 12
  • Sold = 11
  • Months Inventory = 26.3

 

Chart 19: Condo/TH (Excluding Mid & High Rise) $400K & Above Listings/Pendings & Solds

  • Listings = 146
  • Pendings = 5
  • Sold = 0

 

Go to my Website to View All Charts! All the Best,
Renee Burrows
Realtor®

Nevada Realty Solutions - Your Dream, Your Investment, You\'re Home!
8942 Spanish Ridge Avenue
Las Vegas, NV 89148
direct: 702-580-1783
fax: 702-995-8237
Renee@ReneeBurrows.com
http://www.ReneeBurrows.com

 


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

 

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Comment balloon 10 commentsRenée Donohue • July 22 2007 04:27PM

Comments

In my area we have around 35,000 plus single family homes and about 30,000 in town-homes/condos...our inventory is saturating our market.
Posted by Neal Bloom, Realtor CRS-Weston FL Real Estate (eXp Realty) almost 11 years ago

wow I am shocked at the amount of "months supply" you guys have.    In a good market here when it was hoppin we had about a 2-3 month supply.. then when we took a swing in the other direction it went to about 10-11 months and now were are comfortable back at 5-7 months.  

Statistics say anything under a 6 month supply is a hot market...   I know I am swamped with listings and thank god contracts.... but boy you guys got it rough.   Do you think its because you're considered a "vacation area"... just wondering?

Posted by Desiree Daniels (RE/MAX Tri County) almost 11 years ago

great info Renee!

this shows you are definitely on top of the Las Vegas Real Estate Game!

Posted by David A. Podgursky PA, THE PODGURSKY GROUP - Make the Right Move! (THE PODGURSKY GROUP @ Re/Max Direct) almost 11 years ago

Neal:  Same here!  It can be frustrating for sellers but they need to know and understand what is going on!

Desiree:  We have a ton of inventory.  Great time to buy right now!

David:  Thank you my friend! 

Posted by Renée Donohue, Las Vegas Real Estate Broker - www.urLVhome.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate) almost 11 years ago

Renee,

I think they just cannot accept the fact that we are in a very different market...the ones who are getting desperate to sell are coming to grips with the situation.

Posted by Neal Bloom, Realtor CRS-Weston FL Real Estate (eXp Realty) almost 11 years ago

very interesting post!  stats are always good

myspace layouts, myspace codes, glitter graphics

Posted by Katrina Madewell, Tampa FL Homes for sale | Tampa Bay - (813) 777-1196 (Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196) almost 11 years ago
Renee - Nice, easy to understand graphics and data.  I love the hook to visit your web site!  Keep on blogging!
Posted by Tony and Suzanne Marriott, Associate Brokers, Serving Scottsdale, Phoenix and Maricopa County AZ (BVO Luxury Group @ Keller Williams Arizona Realty) almost 11 years ago
You know this is how numbers should be presented.  A mid to high rise condo is totally different from a sfr at 250K yet people want to lump them together!!!  This i an excellent breakdown to really put things in perspective.  If I look at a my primary market as a loan officer there actually are not that many listings available.  Thanks for this info!  I am tired of the naysayers.  This breakdown will help.
Posted by Rey Gallegos, FHA, VA, Home Loans Las Vegas, NV (Supreme Lending (NMLS ID #2129)) almost 11 years ago

Renee,

I love data! No question, you do too. What I'd like to know, and do not see here, is the Trending, or some would call it, the Month over Month, Year over Year analysis. The snapshots are great, but ow do they compare to the recent past?

I'm not being picky here, just wanting the last dots connected for me. PHX seems to lag just a bit behind LV lately, so if YOUR market is warming up (moving back toward sellers), we should expect the same very soon. That is what I'm hoping to see. Could you comment on the trending?

Posted by Patrick Harfst (United Brokers Group - Gilbert AZ) almost 11 years ago
Renee, great information!!!   Always curious about Vegas stats being in Pasadena/LA.  Thanks for sharing!
Posted by Irina Netchaev, Pasadena CA Real Estate (Pasadena Views Real Estate Team, Inc.) almost 11 years ago

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