Las Vegas Real Estate Inventory is seeing a major decrease as the aftermath of NV AB 284. Active listings are down again for the 17th month in a row! 2012 will be another interesting year for Las Vegas Real Estate! Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (6/15/2012): 4604 Under Contract (6/15/2012): 15623 Sold May 2012: 3992 Short Sales: 25% of Listings 32% of Sales REO (Foreclosures, Bank Owned:) 13% of Listings 34% of Sales In One Month: Listings are DOWN -209 units, Contracted Listings DOWN -298 units, Sales are UP +203 units. Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times. DOWN PAYMENT ASSISTANCE HAS NOT ENDED FOR FIRST TIME BUYERS, HOWEVER!! Last Month's Pending... 06/30/2012

  Click Here To View Modena’s Newest Listings & Homes for Sale Welcome Home To Southwest Las Vegas Community:  Modena! 169 Single Family Detached Homes Ranging from 1373-2532 Square Feet Built in 2000-2001 by Permabilt Modena is Gated & Immediate Community Amenities Include:  Community Swimming Pool & Greenbelt Close to Area Amenities:  Retail, Restaurants, Professional Offices & Local Gaming.  Also Close to the 215 freeway which provides good proximity to UNLV, McCarran Airport and South Strip Employment & Entertainment Centers. Please take a moment to fill out our questionnaires if you would like to: Sell a Modena Home Buy a Modena Home Rent a Modena  Home   08/05/2011