Las Vegas Area May 15, 2013 Active Listings by Type REO: 453 (11%) Short Sale: 490 (11%) All Other: 3409 (78%)   April 2013 Sales by Type: REO: 397 (11%) Short Sale: 1201 (33%) Other: 2033 (56%) This is just a guide for consumers to see what types of properties are closing vs what is listed. Currently we have the most closes in the REO sector and the least inventory in the REO sector and it is an extreme seller's market. Click here to see last month's Listing and Sales Type Report Click here to view the most recent stats What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’s that?) It means that I cover the cities of Las Vegas, Henderson, North La... 06/07/2013

Open House 5454 HIDDEN RAINBOW ST, N. Las Vegas, NV. 89031   5454 HIDDEN RAINBOW ST North Las Vegas, NV 89031 3 Bed, 2.5 Bath, 2 Story 2 2,097 Sq. Ft. Built in 2005 114,900 Type: Single Family Residence MLS #: 1010990 Status: ER Open House Hours 02/06/2010 10:00 AM to 2:00 PM       ML #: 1010990 Status: Active-Exclusive Right List Price: 114,900 Public Address: 5454 HIDDEN RAINBOW ST Bedrooms: 3 Sq Ft: 2097 Subdivision Name XP: ANN GOLDFIELD Year Built: 2005 Zip Code: 89031   Stove and Dishwasher Lot: 6,098     02/03/2010

The Las Vegas Valley (includes Henderson & North Las Vegas) has seen some major market stabilization in the last year!  Absorption for May 2009 is a seller's market @ 3.3 months of inventory (compare it to 22.5 months inventory in Nov/Dec 2007!)   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: (April/May 2008)  All SFR, Townhome, Condo Listings: Listings (5/13/2008):  21236 Under Contract (5/13/2008):  6283 Sold April 2008:  2063 Month's Inventory:  10.3 (May/June 2008)  All SFR, Townhome, Condo Listings: Listings (6/12/2008):  20674 Under Contract (6/12/2008):  6847 Sold May 2008:  2418 Month's Inventory:  8.6 (June/July 2008)  All SFR, Townho... 06/16/2009