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Las Vegas Real Estate Market Statistics for November 13th 2008

11-14-08
Bryan Knight
The Knight Group
Serving My Clients Like I Served My Country
Current Las Vegas, NV Inventory Update
As of: NOVEMBER 13th, 2008
SFR Inventory: 17,083
Condo/Townhome Inventory: 4,593
Total Inventory: 21,676
Total Pending: 29.6% 6,409
Total Under Contract Last 30 Days: 15.6% 3,375
Total Vacant: 13,129
Total % Vacant: 61%
Total Months of Inventory: 6.4
Short Sale Inventory 31.0% 6,718
Foreclosure Inventory 32.9% 7,127

Still shocked at the vacancy rate being above 60%. There are so many opportunities to buy some great pieces of real estate in Las Vegas right now. If you aren't buying, you're missing out on the greatest opportunity to invest in real estate that we'll see in the next 50 plus years!!!

Bryan Knight, REO Specialist in Las Vegas, NV 702-845-8435

Follow me at www.twitter.com/KnightREO

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LAS VEGAS REAL ESTATE / REO STATISTICS FOR NOVEMBER 6TH 2008

11-06-08
Bryan Knight
The Knight Group
Serving My Clients Like I Served My Country
Current Las Vegas, NV Inventory Update
As of: NOVEMBER 06th, 2008
SFR Inventory: 16,950
Condo/Townhome Inventory: 4,598
Total Inventory: 21,548
Total Pending: 29.5% 6,347
Total Under Contract Last 30 Days: 16.0% 3,457
Total Vacant: 12,960
Total % Vacant: 60%
Total Months of Inventory: 6.2
Short Sale Inventory 31.1% 6,699
Forclousure Inventory 32.2% 6,932

This is interesting stuff. Look at the 60% number for vacant homes on the market. That's more than 1 out of every 2 houses that are for sale in Las Vegas is vacant! Wow. Also over 60% of the real estate listed in Las Vegas, NV is either a short sale or it's REO.

Bryan Knight, REO specialist in Las Vegas, NV 702-845-8435

Follow me at www.twitter.com/KnightREO

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