Hillcrest At Lone Mountain (Las Vegas, NV)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Las Vegas Real Estate Inventory is still increasing RAPIDLY.  Against my predictions, we are still a seller's market yet flirting with stable market territory. This will afford more opportunities for buyers to have less competition when placing offers in homes. Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (12/15/2010):  15666 Under Contract (12/15/2010):  11974 Sold November 2010:  3396 Short Sales: 50% of Listings 19% of Sales REO (Foreclosures, Bank Owned:) 22% of Listings 61% of Sales In One Month:  Listings are UP +66 units, Contracted Listings DOWN -462, Sales are UP +144 units.  Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times.   DOWN PAYMENT ASSISTANCE HAS NOT ENDED ...
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