Real Estate Inventory Increase!!!

Real Estate Inventory Increase for Las Vegas and Surrounding Valley!!!  

As prices increase we are seeing more homes on the market. Inventory report today via MLS search is showing:

total listings 7220

860 short sale

436 REO

This is for Henderson, Las Vegas and North Las Vegas. 

We are seeing people who bought within the last couple of years selling for a nice profit. I have personally had sellers who bought just a year or two sell and put $30k-$60k in their pocket.

Now may be the time to put your house on the market.

Single Famliy Home Inventory report 7/11/12 for Las Vegas Valley

This week we have 3771 of which 923 are short sale and 330 are REO.
We would normally have 10k-15k homes on the market.
This is causing mulitiple offers on most properties.  We are seeing Buyers pay over appraisal on non-distressed homes.

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.

Vegas Valley Inventory - Single Family Homes

Vegas Valley Inventory - Las Vegas, NLV, Henderson

Our current inventory as of 5/14/2011

Total on the market- 3963 Single Family Homes

485- Foreclosures / REO

1145- Short Sales

 

It's getting to be slim pickings,  Multiple offers on most properties right now. 

This makes it a great time to list your home, especially if you are short selling.  A quick offer will get your home off the market so you won't have to worry about people going through your home.  It will also get an answer from the bank quicker and get that hardship out from under you.