The Las Vegas
Real Estate Market is HOT. Sellers are once again receiving multiple offers
within days and sometimes hours of coming on the market. Most of the offers
coming in are cash and above list price. Take a look at the latest market report for
the Las Vegas Valley. The report provided is from www.NARREIA.com(National Association of Residential
Real Estate Investment Advisors). For the week of July 18, 2012, data is
obtained from the Greater Las Vegas Association of Realtors MLS.
Single
Family Residence (SFR)
Available – 3,897 (+68, Last Week 3,829)
Under Contract – 12,860 (+91, Last Week 12,769)
Days of Supply – 10 (+1, Last Week 9)
Short Sales – 11,091 (+71, Last Week 11,020)
Condominiums and Town Homes (CONDO/TH)
Available – 787 (+23, Last Week 764)
Under Contract – 2,446 (+22, Last Week 2,424)
Days of Supply – 10 (+0, Last Week 10)
Short Sales – 2,122 (+5, Last Week 2,117)
Combined SFR + CONDO/TH
Available – 4,684 (+91, Last Week 4,593)
Under Contract – 15,306 (+113, Last Week 15,193)
Days of Supply – 10 (+0, Last Week 10)
Short Sales – 13,213 (+76, Last Week 13,137)
Available – 3,897 (+68, Last Week 3,829)
Under Contract – 12,860 (+91, Last Week 12,769)
Days of Supply – 10 (+1, Last Week 9)
Short Sales – 11,091 (+71, Last Week 11,020)
Condominiums and Town Homes (CONDO/TH)
Available – 787 (+23, Last Week 764)
Under Contract – 2,446 (+22, Last Week 2,424)
Days of Supply – 10 (+0, Last Week 10)
Short Sales – 2,122 (+5, Last Week 2,117)
Combined SFR + CONDO/TH
Available – 4,684 (+91, Last Week 4,593)
Under Contract – 15,306 (+113, Last Week 15,193)
Days of Supply – 10 (+0, Last Week 10)
Short Sales – 13,213 (+76, Last Week 13,137)
If you have any questions about the local real estate market call Makea Turner with Atlantic and Pacific Real Estate direct (702) 542-1883 or send an email to turnermakea@gmail.com
