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About Las Vegas' Breamoor Heights

Las Vegas NV Area August 2009 REO Inventory Update: Not Much Out There (less than one month inventory!)

Renee Burrows - Las Vegas Real Estate -  (702-580-1783) www.ShackDiva.com: Real Estate Agent in Las Vegas, NV

Las Vegas Area REO Homes For Sale

Inventory has fallen since last report (-270 units), Pendings have risen (+9) units Closing data is DOWN at -541 units. Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.

REO sales accounted for 72% of all Las Vegas Area Valley resale closings in August 2009. REO listings account for only 22% 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 (9/15/2009): 2379
  • Under Contract (9/15/2009): 5245
  • Sold August 2009: 2874
  • Absorption Rate: 0.8 Months (THATS LESS THAN ONE MONTH = VERY LITTLE INVENTORY)

View Last Month's Report Here

To find the most recent report, click here

Breamoor Heights market report - 4th quarter, 2007

John Novak - Las Vegas and Henderson NV Real Estate: Real Estate Agent in Las Vegas, NV

No homes were sold in Breamoor Heights, a gated neighborhood in the Summerlin master plan in Las Vegas, NV during the 4th quarter of 2007. Even so, 2007 activity was up 29%, with nine homes sold in 2007, compared to seven homes in 2006.

Just two homes are currently listed for sale, indicating a solid seller's market. Breamoor Heights consists of 120 one-story homes from 2,414 to over 3,100 square feet, built from 1998 to 2000. Lot sizes range from 8,961 square feet up to 1/4 acre and more, and homes generally sell from the low 500's to the high 600's.

For more information, or to buy or sell a home in Breamoor Heights, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

See also:
Breamoor Heights market report - 3rd quarter, 2007
Breamoor Heights market report - 2nd quarter, 2007
Breamoor Heights market report - 1st quarter, 2007

Las Vegas real estate - December, 2007 market statistics
Las Vegas real estate - November, 2007 market statistics
Las Vegas real estate - October, 2007 market statistics