Sales activity in the Las Vegas real estate market for October, 2009 and current Las Vegas real estate inventory is summarized below. If you have any questions or need more information about real estate in Las Vegas, call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business!
Total Homes Available:
6,653 (as of November 5, 2009)
Total Contingent and Pending Sales:
9,685 (as of November 5, 2009)
October, 2009 Sales:
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Median Selling Price:
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Average Days on Market:
| May | Jun | Jul | Aug | Sep | Oct | |
| Single Family | 65 | 66 | 61 | 57 | 51 | 50 |
| Condominium | 81 | 66 | 61 | 51 | 50 | 52 |
| Townhouse | 72 | 83 | 68 | 59 | 55 | 54 |
GLVAR deems information reliable but not guaranteed. Information is for MLS areas 201-505.
* - Supply = Homes Available/October Sales
Previous reports:
Las Vegas Real Estate - September, 2009 Market Statistics
Las Vegas Real Estate - August, 2009 Market Statistics
Las Vegas Real Estate - July, 2009 Market Statistics
In my last post about the North Las Vegas real estate market, I summarized sales price, volume, and financing trends. Today I'll break down the different listing types of that market -- REOs (bank owned homes), short sales, and regular sales.
Overall we have about 2.4 months of North Las Vegas real estate inventory. Further examination will show that there are three distinct markets. Here are the current figures for North Las Vegas REOs, North Las Vegas short sales, and 'regular' North 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 2-3 weeks of REO inventory, and over seven months of short sales.
Distressed properties (REOs and short sales) make up 76% of the available inventory ...
... and account for 90% of the homes in escrow.
To find out more about buying or selling real estate in North 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 101-103.)
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, it seems like we have just 1.8 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 2-3 weeks of REO inventory, but over nine months of short sales.
Distressed properties (REOs and short sales) account for 73% 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.)
Last week we examined some general trends in the Central Las Vegas real estate market. Today we'll focus in on the components of that market -- REOs (bank owned homes), short sales, and regular sales.
On the surface, it looks like we have about 2.5 months of inventory for central Las Vegas. But when we look at the details, 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 about three weeks of REO inventory, and over seven months of short sales.
Distressed properties (REOs and short sales) account for 58% of our available inventory ...
... but make up 89% 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 my previous post about the northwest Las Vegas real estate market, I showed sales price, volume, and financing trends. Today I'll look closer at the different types of listings in that market -- REOs (bank owned homes), short sales, and regular sales.
Generally, there are about 2.6 months of northwest Las Vegas real estate inventory. Further examination will show 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 three weeks of REO inventory, and over 8 1/2 months of short sales.
Distressed properties (REOs and short sales) represent 62% of the available inventory ...
... and make up 88% 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.)
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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.
Have questions about buying or selling a home in Las Vegas, Henderson or North Las Vegas? I can help.
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