Market Report for July 2011 Includes SFR, Condo and Townhomes
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1 Market Report for Total Sales 3,963 14,102 Summary of Financing Used to Purchase Property Cash 2, % Conv. Loan % FHA % VA % Other % VA 4% Summary of Finance Used Other 1% FHA 21% Cash 51% Conv. Loan 23% Summary of Properties Sold Summary of Properties Sold Short Sale % REO/Bank Owned 1, % Regular Seller 1, % Regular Seller 30% Short Sale 24% REO/Bank Owned 50%
2 Market Report for Total Sales 3,963 14,102 Listed Short Sale 6, % REO/Bank Owned 3, % Regular Seller 4,529 Total 32.12% 14,102 Summary of Listed and Contingent Properties Breakdown of Sellers for 7,000 6,000 6,241 5,000 4,529 4,000 3,000 3,332 2,000 1,000 0 Short Sale REO/Bank Owned Regular Seller Contingent Pending Short Sale 7, % Short Sale % REO/Bank Owned 1, % REO/Bank Owned 1, % Regular Seller 1, % Regular Seller % Total 10,961 Total 2,642
3 Price Range Las Vegas Valley All Past 12 Past 6 Past 3 Months Months Months Sold 44,967 24,118 12,253 Absorption Rate 3,747 4,020 4,084 14, months months months is just a fancy way of saying how long it will take the homes that are on the market to sell. Absorption Rate and are the best means of tracking market performance. They are usually When is five to six months, this is considered a healthy amount of inventory or a Neutral the lower the, the faster properties are selling. Conversely, an of more than six months is considered a Buyer s Market due to a constant or higher the, the longer it will take to sell a property.
4 Price Range Las Vegas Valley - No Short Sales All Past 12 Past 6 Past 3 Months Months Months Sold 33,637 18,579 9,581 Absorption Rate 2,803 3,097 3,194 7, months months months is just a fancy way of saying how long it will take the homes that are on the market to sell. Absorption Rate and are the best means of tracking market performance. They are usually When is five to six months, this is considered a healthy amount of inventory or a Neutral the lower the, the faster properties are selling. Conversely, an of more than six months is considered a Buyer s Market due to a constant or higher the, the longer it will take to sell a property.
5 Las Vegas Valley Sold in Past Breakdown by Price Range $ - $ 100,000 $ 200,000 $ 300,000 $ 500,000 $ 1,000,000 $ 99,999 $ 199,999 $ 299,999 $ 499,999 $ 999,999 $ 17,500,000 5,458 5,359 1, Months 5,493 4,984 1, Month Months 10,449 10,062 2, Month Months 18,540 19,355 4,448 1, Month is just a fancy way of saying how long it will take the homes that are on the market to sell. Absorption Rate and are the best means of tracking market performance. They are usually When is five to six months, this is considered a healthy amount of inventory or a Neutral the lower the, the faster properties are selling. Conversely, an of more than six months is considered a Buyer s Market due to a constant or higher the, the longer it will take to sell a property.
Market Report for December 2011 Includes SFR, Condo and Townhomes
Market Report for Total Sales 4,170 11,111 Summary of Financing Used to Purchase Property Cash 2,090 50.12% Conv. Loan 975 23.38% FHA 860 20.62% VA 187 4.48% Other 58 1.39% VA 5% Summary of Finance Used
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