Market Stats-Las Vegas 11/26/2012

I'm going to give these stats to you a little differently today.  Instead of %, we are going to look at units.  

There are currently 3,881 homes on the market.  Of those, 359 are REO, 768 are Short Sale and 2,754 are Equity.  We are seeing that a very large portion of the equity sales are flips or investment properties.

Last week there were 597 total sales.  Of those, 72 were REO (seems SO low!), 284 were Short Sale and 241 were Equity.  As you can see, Equity and Short Sale are neck and neck for number of units sold but if you look at the availables comparatively, it's pretty safe to say that most of the Equity listings are overpriced.

Last week 410 units closed escrow.  Of those 31 (yes, THIRTY-ONE) were REO, 186 were Short Sale and 193 were Equity.

There were 40 Expired listing last week that were NOT a short sale or an REO.  So, if you've got skill, you can get the listing priced IN the market and do a deal!

Market Stats-Las Vegas 11/19/2012

Here they are!!!

3,937 available SFR homes.

9% bank owned, 20% short sale, 71% other (equity, flippers, etc)

792 went into P,C status last week.

11% bank owned, 47% short sale, 42% other.

431 closed escrow last week.

9$ bank owned, 45% short sale, 46% other.

There were 51 Expired listings that were not short sale or bank owned.

At the current rate, if not one more home came on the market it would take us just under 5 weeks to sell all the current inventory!

Market Stats-Las Vegas-11/5/12

Here are those always exciting Market Stats for the Las Vegas area!

There are currently 3,945 SFR homes available.  Of those: 9% are REO, 21% are Short Sale, 70% are Equity.

Last week 833 went into escrow!  Of those: 14% were REO, 47% were Short Sale, 39% are Equity.

Last week 761 closed escrow!  Of those: 12% were REO, 44% were Short Sale, 44% were Equity.

Market Stats-Las Vegas-10/31/12

3,931 Available SFR Homes in Henderson, LV, N. LV

8% REO, 20% Short Sale, 72% Equity

932 went into Escrow (P,C Status)

14% REO, 50% Short Sale, 36% Equity

720 Closed Escrow!

11% REO, 48% Short Sale, 41% Regular

Last week there were 62 homes that failed to sell (X status) that were not REO or Short Sales!

Market Stats-Las Vegas-10/22/12

Here are the stats for this week!  Hope they can help you understand the market and better help your clients!

4,022 Available

8% are REO, 20% are Short Sale, 72% are Equity

Last Week 887 homes accepted an offer!

12% were REO, 51% Short Sale, 37% Equity

Last Week 545 homes closed escrow!

10% REO, 46% Short Sale, 44% Equity

Last week 49 homes came off the market that were not short sales or REO's.

At the current rate, we have a 4.5 week supply of homes.