About North Las Vegas' Allen Manor

Welcome Home to GATED N Las Vegas Communities:  Allen Manor

• Gated Community
• 212 Single Family Homes
• All Single Story
• Ranging from 1970-2362 Square Feet
• Built From 2005-2008 by DR Horton 
• Located Near the Cross Streets of Allen & Centennial  

Good proximity to the new Northern 215 Beltway which makes getting to shopping, restaurants, entertainment and professional offices a snap!  Also close to Aliante Station Casino!

Even though bank owned listings (aka Foreclosures, REO) are seeing an upward tick in absorption, it is still a seller's market! Inventory has risen dramatically (+513 units), Pendings have risen +82 units Closing data is up up UP at -424 units. Inventory is rising at an uncontrolled pace which is causing the absorption rate to rise also. What I know on the back end with all the contracts being written, this may change VERY soon here. Low interest rates have spurred a flurry of buyer activity this December. Since the numbers were pulled, we are almost another 200 pendings higher! Foreclosures are showing NO signs of stopping!

REO sales accounted for 76.6% of all resales in November 2008. REO listings account for only 35.9% 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 (12/11/2007): 7786
• Under Contract (12/11/2007): 3682
• Sold November: 1945
• Absorption Rate: 4 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.

Sorry for the way silly headliner. This market is crazy with buyer activity and instead of appreciation we are still seeing slight depreciation. WHEN WILL THIS STOP?!?!?!