American West Legacy (Henderson, NV)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year!  Absorption for December 2008 is a healthy 7.0 months of inventory (compare it to 22.5 months inventory in Nov/Dec 2007!)  Be warned, the market as a whole is considered a "neutral market" ~ not a buyer's market, not a seller's market.  Some micro-markets (ie,Foreclosures Bank Owned, REO) are extreme seller's markets where there is no mercy to the buyers, multiple offers are the norm!  Here is a snapshot of valley listings: (Jan/Feb 2008)  All SFR, Townhome, Condo Listings: Listings (2/10/2008):  23665 Under Contract (2/10/2008):  3107 Sold January 2008:  1164 Month's Inventory:  20.3 (Feb/Mar 2008)  All SFR, Townhome, Condo Listings: Listings (3/20/2008):  22,644 Unde...
Comments 7
Henderson, NV Real Estate Professionals