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Henderson Nevada Bank Owned Homes: Activity by MLS Area

If you're looking for a Henderson Nevada bank owned home, you'll likely break down your search by areas of town. The GLVAR MLS system divides Henderson into six areas numbered 601 to 606. The table below shows that although area 606 has the lowest percentage of REO listings, it has the greatest REO activity.

Henderson Nevada REO Activity by MLS Area, 06-21-09

MLS Area Total Listings REO Listings % REO Total Escrows REO Escrows % REO
Single Family            
601 101 16 15.8% 101 43 42.6%
602 233 45 19.3% 255 86 33.7%
603 147 26 17.7% 130 50 38.5%
604 125 27 21.6% 115 46 40.0%
605 194 43 22.2% 238 88 37.0%
606 747 68 9.1% 622 157 25.2%
Condo / Townhouse            
601 48 16 33.3% 45 26 57.8%
602 67 14 20.9% 84 45 53.6%
603 127 42 33.1% 61 39 63.9%
604 10 5 50.0% 12 8 66.7%
605 45 11 24.4% 53 26 49.1%
606 71 11 15.5% 89 33 37.1%
             

 


Investors and first-time homebuyers are attracted by very low list prices, but that also creates intense competition. Several neighborhoods have bank owned homes priced at pre-2000 levels. If you're looking at Henderson REOs, be prepared to write offers on multiple properties and/or above list price. 

If you'd like more info about Henderson bank owned homes or the Henderson real estate market, just give me a call at (702) 339-9700 or email me at JohnNovak@kw.com. I'm ready to go to work for you.

Posted Saturday Jun 27