John Novak - Las Vegas and Henderson NV Real Estate

Sales activity in the Henderson Nevada real estate market for October, 2009 and current Henderson real estate inventory is summarized below. If you have any questions or need more information about real estate in Henderson Nevada call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business!

Total Homes Available:

1,744  (as of November 5, 2009) 

• Single-Family:  1,454  (3.3 month supply*)
• Condo:  170  (2.5 month supply)
• Townhouse:  120  (2.0 month supply)

Total Contingent and Pending Sales:

1,955  (as of November 5, 2009)

• Single-Family:  1,564
• Condo:  208
• Townhouse:  183

 October, 2009 Sales:

Single-Family:  447  (Price range: $27,000 - $1,730,000) Condo:  67  (Price range: $21,000 - $200,000) Townhouse:  61  (Price range: $32,500 - $470,000)

Sales per month               May Jun Jul Aug Sep Oct Single Family 413 499 478 404 422 447 Condominium 47 79 73 69 63 67 Townhouse 40 49 57 37 52 61

Median Selling Price:

Single-Family:  $188,000 Condo:  $74,500 Townhouse:  $104,000

Median price by month               May Jun Jul Aug Sep Oct Single Family $200,000 $200,000 $195,000 $205,000 $197,326 $188,000 Condominium $85,000 $80,000 $70,000 $75,000 $74,000 $74,500 Townhouse $110,625 $108,000 $109,000 $98,000 $104,000 $104,000

Average Days on Market:

• Single-Family:  55
• Condo:  69
• Townhouse:  51

GLVAR deems information reliable but not guaranteed. Information is for MLS areas 601-606.
* - Supply = Homes Available/October Sales

Neighborhood reports - 3rd quarter, 2009:

Previous reports:
  
     Henderson Nevada Real Estate - September, 2009 Market Statistics
     Henderson Nevada Real Estate - August, 2009 Market Statistics     
     Henderson Nevada Real Estate - July, 2009 Market Statistics

         
See also:
     
     Henderson Nevada - Demographics
     Henderson Nevada - Fast Facts

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) 

• Single-Family:  5,073  (2.3 month supply*)
• Condo:  1,128  (2.4 month supply)
• Townhouse:  452  (2.4 month supply)

Total Contingent and Pending Sales:

9,685  (as of November 5, 2009)

• Single-Family:  7,535
• Condo:  1,602
• Townhouse:  548

October, 2009 Sales:

Single-Family:  2,224  (Price range: $12,000 - $5,999,900) Condo:  478  (Price range: $14,700 - $1,999,000) Townhouse:  191  (Price range: $15,000 - $502,995)

Sales per month               May Jun Jul Aug Sep Oct Single Family 2037 2348 2281 2012 2089 2224 Condominium 431 522 471 451 494 478 Townhouse 159 197 188 195 183 191

Median Selling Price:

Single-Family:  $133,950 Condo:  $62,750 Townhouse:  $75,000

Median price by month               May Jun Jul Aug Sep Oct Single Family $134,000 $132,000 $132,000 $130,000 $130,000 $133,950 Condominium $60,750 $62,500 $62,000 $64,000 $60,000 $62,750 Townhouse $70,000 $70,000 $72,500 $65,000 $66,000 $75,000

Average Days on Market:

• Single-Family:  50
• Condo:  52
• Townhouse:  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.)