Market Stats for Las Vegas!
Tuesday, April 24, 2012 at 10:52AM Anyone doing business in Las Vegas knows that it's getting pretty aggressive out there. Multiple offers, over list price offers, frustrated Buyers and Agents.
Here are the numbers for this week!
Available:
5,564
32% are Short Sales
15% are Bank Owned
54% are Equity Sellers
Put Into Escrow:
1,471
44% are Short Sales
29% are Bank Owned
27% are Equity Sellers
Closed Escrow:
745
29% are Short Sales
39% are Bank Owned
32% are Equity Sellers
Last week there were 79 Expired listings that were not Bank Owned or Short Sales. Based on the inventory and the market, it would be a GREAT time to load up on some listings. They are going to sell, there's nothing else out there!
Something else interesting to know: Of the 1,471 homes that went into escrow last week, 39% of them were on the market LESS THAN 14 Days!
Let your clients know, things are moving fast. There's no time to think it over... by the time you do that, the house will be GONE!
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