About Las Vegas' Arby Condo

I am a little behind with reporting the numbers but if you click below for most recent market report you will be surprised at March's numbers: ONLY 1.9 MONTHS INVENTORY! Inventory has fallen dramatically since last report (-595 units), Pendings have risen +1044 units Closing data is slightly up at +33 units. Low interest rates have spurred a flurry of buyer interest & activity this December and it continues. Foreclosures are showing NO signs of stopping!

REO sales accounted for 81.9% of all Las Vegas Area Valley resales in February 2009. REO listings account for only 34% of total resale listings.

Multiple offers are streaming in as banks continue to lower to fire and auction sale prices.

Current Listed Bank Owned Statistics:

• Listings (3/25/2009): 6642
• Under Contract (3/25/2009): 5343
• Sold February 2009: 2194
• Absorption Rate: 3.0 Months

View Last Month's Report Here

To find the most recent report, click here

If you are thinking about buying an REO (Foreclosure or Bank Owned) property in the Las Vegas Area Please Call: 702-966-2494:

• Option 1 if you are a Buyer wanting to purchase REO Property.
• Option 3 if you are interested in Financing your REO Property (including down payment assistance for first time buyers)
• Option 4: Para español presione el cuatro.

All statistical information I used to create this report was obtained from GLVAR MLS. Information Deemed Reliable but not Guaranteed