Las Vegas Homes For Sale Available Inventory Still Dropping & Homes Sold April 12, 2012
There are approx 5,368 homes for sale in the Las Vegas area that do not have offers on them per the local MLS.
Of that there are less than 838 of them that are foreclosures and 1,792 are Las Vegas Short Sales
This is for single family homes without contracts on them.
Our pending and homes with contracts on them are approx 13,282
Las Vegas Real Estate News Homes for sale in Las Vegas Market Update April 2, 2012 -5,800
2012 Homes sold
January: 2,930
February: 3,052
March: 3,534
Las Vegas Homes For Sale Available Inventory Still Dropping April 12, 2012
Buying or Selling a Home or Condo Call (702) 812-4550
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Important Notice -This is a personal blog.
Any Stats are on Resale Single Family homes only per the GLVAR MLS as of this writing or as noted,
covers the Las Vegas Valley, North Las Vegas, Henderson area or as noted.
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April 2, 2012 Las Vegas Homes for sale are selling faster....
Las Vegas Real Estate News Homes for sale in Las Vegas Market Update April 2, 2012. As you can see from some of my previous updates we are still seeing our inventory drop, even with homes coming on the market, the good ones are of course going under contract quickly, even if they are a Las Vegas Short Sale
There are approx 5,800 homes for sale in the Las Vegas area that do not have offers on them per the local MLS.
Of that there are less than 888 of them that are foreclosures.
This is for single family homes without contracts on them.
Our pending and homes with contracts on them are approx 12,804
Las Vegas Real Estate Housing Market Update~ Vegas Inventory March 22, 2012
Las Vegas Real Estate Agent Housing Market Update~Inventory Still Dropping (Below 7,000) March 9, 2012
Las Vegas Real Estate Agent Housing Market Update~ March 3, 2012
The Las Vegas area homes available for offers has continued to drop again this past month largely in part to the foreclosure law law AB 284 that took effect on October 1, 2011.
Also, what may be keeping some homes off the market is the anticipation from some homeowners that the big bank settlement may somehow help them. Unfortunately for many Las Vegas homeowners they will wait only to find out there is no help for them and then those homes may eventually come on the market as a a Las Vegas short sale or if they wait too long it may become a foreclosure.
What this means for a Las Vegas home seller is "Now" may just be the right time for you to put your home on the market as there are buyers looking for great homes to buy. It doesn't necessarily mean your home value will go up, but you may have a better chance to sell it over the next few months before the potential other homes hit the market.
What this means for you as a Las Vegas home buyer is.....less homes to choose from and when you do see one you like, don't wait, get your best offer in right away. You need to make sure you are PREAPPROVED to buy before you start your home search. If you are ready to take that step to get preapproved give me a call because the rates are low and you may be able to buy a home for what you are paying in rent.
Las Vegas Homes For Sale Inventory DROPS BELOW 8,000 02/21/2012
Las Vegas Homes Inventory Still Dropping! Las Vegas Real Estate Agent Market Report Jan 31,2012
This Las Vegas Short Sale home had 2 mortgages and 3 liens on the property and Dawn was able to negotiate that all the liens were paid off from the proceeds of selling the home thru the short sale process.
The first mortgage on the property was Bank of America and Dawn negotiated that they would waive their right to pursue any deficiency.
The homeowners had a series of misfortunes and hardships affect their ability to keep the home and had previously tried to sell the home with another agent with no success “until” they heard about Dawn Barrier completing short sales in the Las Vegas area.
“I was very upfront with the homeowners when they called me to list their home as a short sale and let them know that not all lenders and lien holders may agree to taking less than what is owed to them in order to sell the home as a short sale, and that they had to be ready to supply any documents the lenders ask for”, says Dawn.
Short Sales in Las Vegas now account for about 45% of the homes for sale on the market and will most likely to continue to be a part of the Las Vegas market for a while.
Dawn Barrier has the nationally recognized Short Sales and Foreclosure Resource certification issued by the National Association of Realtors® and is also a contributor to Realtor.com, Trulia, Zillow
Las Vegas Short Sale Agent Closes another Bank of America Short Sale in Las Vegas with No Deficiency
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For Immediate Release: Febuary 10, 2012
Las Vegas Short Sales, Short Sales Become the Trend in Las Vegas area by Dawn Barrier
Short sales in Las Vegas have been the "norm" for me for the past several years, but Short Sale homes for sale in Las Vegas are now about 45% of the available inventory for home buyers.
Available Las Vegas Foreclosure homes are down to about 17% while Equity Sales are at about 38%.
The equity sales may not be your typically equity seller as many of them maybe "foreclosure flips" where an investor has bought the home at foreclosure auction and then puts the property back on the market for sale so a buyer can they purchase it and typically close and move into it in about 30 days. Some of the homes may have even been updated and fixed up with new paint, carpet, etc making them even more desirable to a prospective Las Vegas home buyer.
Las Vegas Short Sale Agent Website
Las Vegas SHORT SALE AGENT Avoid Foreclosure -Do a Las Vegas Short Sale - Call Dawn Now!
Should you do a Las Vegas Short Sale?
This is a question asked daily here in Las Vegas by so many underwater homeowners. Here are some topics covered in an article at MSN real estate
1. Stay & Pay
(may be an option if you can afford your payments, have a good job, want to stay in your Las Vegas home for the long run and you are willing to stay knowing your home may not even break even for many years to come)
2. Refinance
(may be an option for some, but for many here in Las Vegas even if you can refinance, you are still refinancing the whole debt so it may bring your payment down to a reasonable payment for you know, but you still typically owe the same as your original loan amount)
3. Loan Modification
(another possible solution for some this is where the lender of your mortgage gives you a new payment based on modifiying the terms of your old loan. Again, you typically may get a lower payment but are still left owing the original loan amount & if you do actually get a Las Vegas loan modification, it may only be temporary for a few years and then it adjust back to the old terms of your previous loan)
4. Short Sale
(another option for those who can’t qualify for any of the other options listed and they want to move, lost their job, divorce, etc and who want to avoid foreclosure and bankruptcy) (see our Las Vegas short sale info page)
5. Foreclosure
(if you walk away from the home and don’t make your payments, the bank will typically foreclose. Most financial advisors will tell you it is as bad as bankruptcy for your credit)
6. Bankruptcy
(according to their article: Filing for bankruptcy won’t erase mortgage debt. “What you’re doing in a bankruptcy is you’re trying to give yourself a reprieve,” Detweiler says. Eliminating other debts could free up money to cover your mortgage, and a Chapter 13 bankruptcy could allow you to catch up on payments for five years without interest. But it doesn’t allow you to stop paying the mortgage altogether. “In some areas of the country, you are able to wipe out a second loan that has become unsecured because the value of your property has dropped,” Detweiler says. “Unfortunately, our current bankruptcy codes let borrowers negotiate any kind of debt but mortgages.” )
Las Vegas Short agent, Las Vegas short sale blog, Las Vegas Foreclosures, Las Vegas Bank Owned
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