Get free access to our world class MLS search tools, save your favorite listings, create saved searches & much more!

Single Family Home Inventory - Market Update for April 2012

Posted by Julie Wright on Thursday, April 26th, 2012 at 12:45pm.

As of April 26th, only 4,594 single family homes remain listed in the Las Vegas MLS as active (not under contract) in Clark County. Our inventory is continuing to shrink as few, if any, bank foreclosures are reaching the market due to the restrictions of AB 284.

The sale of lower priced housing, in particular, is really active. This week one of our agents had an offer in on a home that had received over 70 offers within just a few days, most above list price!

The current market breakdown looks like this:

874 homes priced under $100k - including 361short sales and 225 foreclosures
1644 homes priced between $100k and $200k - including 664 short sales and 278 foreclosures
846 homes priced between $200k and $300k - including 262 short sales and 89 foreclosures
454 homes priced between $300 and $400k - including 95 short sales and 32 foreclosures
208 homes priced between $400k and $500k - including 36 short sales and 5 foreclosures
221 homes priced between $500k and $750k - including 33 short sales and 10 foreclosures
143 homes priced between $750k and $1M - including 25 short sales and 5 foreclosures
285 homes priced over 1M - including 20 short sales and 4 foreclosures

These figures tell us that about 32.5% of the available inventory homes are short sales and only about 14% are foreclosures, totaling less than 48% of the Las Vegas market inventory. All the rest, just over 52%, are "traditional" sellers, whether they are actual owner occupants or investors.

Mastura Roberts
(702) 919-5400
offers@greatlasvegashomes.com

Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052

With over 30 years of experience helping families call Las Vegas "home!"



Related Blog Posts

Please Don't Reject My VA Buyer!

It seems our poor Veterans are getting hit from all sides these days. From long waits to receive urgent medical care, to decreased retirement benefits, to cutbacks on funding for new recruits, Veterans are among the least appreciated members of our society. And this appalling neglect seems to extend to home buying as...

Take a 3D Tour of this Beautiful Las Vegas Home for Sale

Wonderful 4 bedroom Las Vegas home in Mountains Edge.  No houses behind or on the side.  Lots of great upgrades.  Putting Green and Pond in the backyard.  Large secondary bedrooms in the upstairs area.  Laundry is located upstairs.  Master bedroom has a large walk-in closet. Contact us...

Home-Buying in 2018: Purchase in the Winter or Wait Until Spring?

The New Year has arrived, and if you’re looking for a house, you might be down to the wire. Should you go all in and purchase now or wait until the spring? There are multiple things to consider before purchasing a house; location, square footage and style are just three o...

Las Vegas Real Estate Agent is NASCAR fanatic!

VRRROOOOMMMMM.... One of our most experienced real estate agents, Debra Leatham, is also a HUGE racing fan, and every March she camps out over several days at the big NASCAR event in Las Vegas. (Debra and her husband Jim are also avid Corvette enthusiasts, and he built a separate 4 car garage just for his "babies" that...

December 2012 Las Vegas Real Estate Update

The end of 2012 is almost here, and for the Las Vegas real estate market it's been mostly good news - FINALLY! The housing inventory is way down, and prices have risen steadily since the first of the year. A "balanced" market in Vegas should be be about 10,000 homes for sale. But as of today's date, there are only 3,89...

Leave a Comment

Have a Question?

Contact Us

Follow Us