In a recent post we looked at sales price, volume, and financing trends in the east Las Vegas real estate market. Today we'll focus in on the parts of that market -- REOs (bank owned homes), short sales, and regular sales.
At first glance, there appears to be just 1.7 months of east Las Vegas real estate inventory. Looking at each type of listing, three distinct markets emerge. Here are the current figures for east Las Vegas REOs, east Las Vegas short sales, and 'regular' east Las Vegas home sales.
Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/August Sales = Absorption Rate). There are only 2 weeks of REO inventory, but over 7 1/2 months of short sales.
Distressed properties (REOs and short sales) account for 72% of the available inventory ...
... and make up 89% of our current escrows.
To find out more about buying or selling real estate in east Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.
(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 201-204.)
One week ago we looked at some general trends in the Central Las Vegas real estate market. Today we'll explore the components of that market -- REOs (bank owned homes), short sales, and regular sales.
Overall we have about 2.2 months of inventory for central Las Vegas. But when we take a look at the details, we see three distinct markets emerge. Here are the current figures for central Las Vegas REOs, short sales, and 'regular' home sales.
Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/August Sales = Absorption Rate). We have three weeks of REO inventory, and almost six months of short sales.
Distressed properties (REOs and short sales) account for 61% of our available inventory ...
... but make up 88% of the current escrows
To find out more about buying or selling real estate in central Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.
(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 301-303.)
In last week's post about the northwest Las Vegas real estate market, I reported on sales price, volume, and financing trends. Today we'll look closer at the different types of listings in that market -- REOs (bank owned homes), short sales, and regular sales.
Overall, we're maintaining about 2.6 months of northwest Las Vegas real estate inventory. On closer examination it shows that there are three distinct markets. Here are the current figures for northwest Las Vegas REOs, northwest Las Vegas short sales, and 'regular' northwest Las Vegas home sales.
Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/August Sales = Absorption Rate). There are about 3 1/2 weeks of REO inventory, and just under seven months of short sales.
Distressed properties (REOs and short sales) represent 60% of the available inventory ...
... and make up an amazing 90% of the homes in escrow.
To find out more about buying or selling real estate in northwest Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.
(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 401-405.)
Last week we examined sales price, volume, and financing trends in the southwest Las Vegas real estate market. Today we'll focus on the parts of that market -- REOs (bank owned homes), short sales, and regular sales.
Generally, we have 2.5 months of southwest Las Vegas real estate inventory. Looking closer we see that each type of listing has a distinct market. Here are the current figures for southwest Las Vegas REOs, southwest Las Vegas short sales, and 'regular' southwest Las Vegas home sales.
Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/August Sales = Absorption Rate). There are only about 3 weeks of REO inventory, but over five months of both short sales and regular listings.
Distressed properties (REOs and short sales) represent 62% of the available inventory ...
... and make up 91% of our current escrows.
To find out more about buying or selling real estate in southwest Las Vegas, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.
(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 501-505.)
One week ago we looked at general trends in the Henderson Nevada real estate market. Today we'll explore the components of that market -- REOs (bank owned homes), short sales, and regular sales.
Oveall we have about 3.1 months of Henderson real estate inventory. Taking a closer look reveals three distinct markets. Here are the October figures for Henderson REOs, Henderson short sales, and 'regular' Henderson home sales.
Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/August Sales = Absorption Rate). We have about three weeks of REO inventory, and over eight months of short sales.
Distressed properties (REOs and short sales) make up just over half (53%) of our available inventory ...
... but account for 87% of the current escrows.
To find out more about buying or selling real estate in Henderson Nevada, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.
(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 601-606.)
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Real estate agent at Keller Williams Realty serving residential buyers and sellers in Las Vegas, Henderson, North Las Vegas and Boulder City, Nevada. Visit www.JohnSellsHenderson.com.
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