Monthly Archives: March 2010

Las Vegas Real Estate Market Statistics

Las Vegas Real Estate Market Statistics

3/22/2010

Las Vegas Homes Available & Homes Sold

 

Active All Listings

22,820

Active & Contingent Regular

5,222

Active & Contingent REO’s

3,059

Active & Contingent Shorts

14,501

   

Pending Sales All

3,039

Pending Sales Regular

710

Pending Sales REO’s

1,522

Pending Sales Short

804

   

Sold YTD All

8,318

Sold YTD Regular

1,814

Sold YTD REO’s

4,576

Sold YTD Shorts

1,910

   

% Short Sales of Sold YTD

22.96%

Las Vegas REALTOR Market Analysis

Our Las Vegas REALTOR Market Analysis is based on these trends that we have identified:

  • $1.2B refinancing for Trump International Las Vegas – a non gaming, non smoking condo/hotel rooms underscores confidence in the market.   Trump has a beautiful location across from Fashion Show Mall in Las Vegas.  Donald Trump just quoted today: “you couldn’t get this type of financing a year ago…..”  There is confidence in Las Vegas.
  • Yes, our unemployment is 12-13% based on our Las…

HAFA Program Impacts Las Vegas Real Estate

The Federal Government Programs enacted in the last 18 months are having minimal impact on the overall Las Vegas Foreclosure market as well as nationally. The programs are just not gaining traction in the market and the impact is just not significant when you take a hard look at the numbers.

Case in point, the $75 Billion (yes that’s “Billion”) foreclosure prevention program has only helped slightly over 100K  homeowners in…