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Henderson Nevada Bank Owned Homes: Inventory Update, 06-27-09

Is this the calm before the storm in the Henderson Nevada bank owned homes market? Our inventory levels have shown very little movement through June. With the recent end of the foreclosure moratorium, we keep looking for signs of the "second wave" of REOs, but have not seen it yet.

Henderson Nevada REO Inventory, 06-27-09

Total Listings REO Listings % REO Total Escrows REO Escrows % REO
Single Family
06/27 1554 236 15.2% 1427 443 31.0%
06/20 1546 222 14.4% 1456 471 32.4%
06/13 1560 230 14.7% 1464 489 33.4%
06/06 1605 246 15.3% 1455 501 34.4%
Condominium
06/27 232 60 25.9% 179 100 55.9%
06/20 229 62 27.1% 183 104 56.8%
06/13 248 72 29.0% 179 100 58.5%
06/06 251 72 28.7% 171 106 62.0%
Townhouse
06/27 136 37 27.2% 156 69 44.2%
06/20 137 37 27.0% 163 74 45.4%
06/13 146 39 26.7% 149 72 48.3%
06/06 161 48 29.8% 139 66 47.5%

Because of the limited inventory and the great perceived value by both investors and first time buyers, activity on Henderson bank owned homes is extremely competitive. Be prepared to write offers on multiple properties and/or above list price if you want one of these homes.

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 Tuesday Jun 30