Las Vegas Valley Single Famliy Home Inventory report 6/26/12:

Total homes for sale 3695. This is in Las Vegas,Henderson and North Las Vegas combined (no condos or townhomes).

Out of the 3695

REO: 366

Short Sales: 950

The remaining properties are flips and resale.  We are finding that a large number of these are listed above the comparables in the neighborhood and above appraisal. 

Do to this incredibly low inventory we are seeing multiple offers on most  properties.

 

Shrinking Las Vegas Inventory

Single Family Home Inventory for Vegas Valley

Single Family Home Inventory for Vegas Valley 6/20/2012

Total homes for sale 3753 this is in Las Vegas,Henderson and North Las Vegas combined (no condos or townhomes).

 

REO: 385

Short Sales: 966

That leaves 2402 as traditional sales and investor flips.  We are finding that about half of these are over priced and won't appraise.  Also, several of these are not accepting VA or FHA for various reasons.

Single Family Home Inventory for Vegas Valley

Single Family Home Inventory for Vegas Valley 6/15/2012

Total homes for sale 3760 this is in Las Vegas,Henderson and North Las Vegas combined (no condos or townhomes).

REO: 395

Short Sales: 957

 

The rest are traditional sale and investor flips.

Las Vegas Valley Inventory report 6/6/12:

Inventory report 6/6/12:

Total homes for sale 3791 this is in Las Vegas,Henderson and North Las Vegas combined (no condos or townhomes).

REO: 378

Short Sales: 1018

Do to this incredibly low inventory we are seeing multiple offers on almost every property. Some as high as 60 offers on a single home. When buying a home, Patience IS a virtue.