Inventory has fallen since last report (-235 units), Under Contracts have fallen (-202) units  Closing data is DOWN at -5 units.   Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.   REO sales accounted for 69% of all Las Vegas Area Valley resale closings in September 2009.  REO listings account for only 21% 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 (10/15/2009): 2144 Under Contract (10/15/2009): 5043 Sold September 2009:  2869 Absorption Rate:  0.7 Months (THATS LESS THAN ONE MONTH = VERY LITTLE INVENTORY) View Last Month's Report Here   To find the most recent report, click here 10/15/2009

So I am a half a week late, sue me :) Las Vegas, NV Area First Time Buyers to All Cash Investors:  Does it Make Sense to Buy a Home Right Now? Can you own for less than renting?  Can you own a rental and see a decent monthly return on your investment? Weekly feature w/ 4 homes in different areas of the valley designed to help people from first time buyers to all cash investors to see if the numbers make sense! Address:  8704 Big Sagebrush West Las Vegas:  Black Granite, 4 BRs, 2 Car Garage, 1721 Sq Ft Price: $159000 Rental Comps:  $1300-1400* Estimated FHA Monthly Payment:  $1297** Address: 3668 Moonlit Beach Ave East Las Vegas:  Gated Community, 1418 Sq Ft, 2 Car Garage Price:  $74,900 Rental Comps: $1000-1100* Estimated FHA Monthly Payment:  $667***  Address:  1956 Vista Malaga St Nor... 12/22/2008