**LAS VEGAS AREA RESIDENTIAL RESALE HOME INVENTORY DROPS AGAIN!!!** We are still squeezed for inventory.  New REO listings are few and far between thanks to AB 284 with currently no end to that drama in sight.  Multiple offers on well priced homes are widespread. Everyone from first time buyers to investors are taking advantage of "opportunity". Read more about Las Vegas Real Estate Inventory Analysis here and consumers may comment on this post. Las Vegas Area Real Estate Market Watch was created for informational purposes only. This is for all the buyers wondering "where is the inventory"? The inventory is here, this graph shows that buyer interest is extremely high and gobbling up all that new inventory coming online! This is also for people saying "shadow inventory exists"! Well I b... 03/17/2013

Welcome Home to GATED N Las Vegas Communities:  Allen Manor Gated Community 212 Single Family Homes All Single Story Ranging from 1970-2362 Square Feet Built From 2005-2008 by DR Horton  Located Near the Cross Streets of Allen & Centennial   Good proximity to the new Northern 215 Beltway which makes getting to shopping, restaurants, entertainment and professional offices a snap!  Also close to Aliante Station Casino!View Larger Map 11/29/2009

Even though bank owned listings (aka Foreclosures, REO) are seeing an upward tick in absorption, it is still a seller's market! Inventory has risen dramatically (+513 units), Pendings have risen +82 units  Closing data is up up UP at -424 units.  Inventory is rising at an uncontrolled pace which is causing the absorption rate to rise also.  What I know on the back end with all the contracts being written, this may change VERY soon here.  Low interest rates have spurred a flurry of buyer activity this December.  Since the numbers were pulled, we are almost another 200 pendings higher!  Foreclosures are showing NO signs of stopping! REO sales accounted for 76.6% of all resales in November 2008.  REO listings account for only 35.9% of total resale listings. Multiple offers are streaming i... 12/22/2008