Las Vegas NV Area Concession Stand April 2012 (includes Henderson & North Las Vegas)

By
Real Estate Broker/Owner with Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate B.1000860.LLC

Las Vegas Real Estate

Here is what buyers received in seller paid concessions on April 2012 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500: 77% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000: 14%
  • Over $4001: 9%

This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory! Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs!

Last Month's Concession Stand

Most Current Concession Stand

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 Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley. They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.

View More FAQ About My Las Vegas Area Real Estate Market Reports.

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Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

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Rainmaker
654,359
Joetta Fort
The DiGiorgio Group - Arvada, CO
Independent Broker, Homes Denver to Boulder

Good idea for a report. Just one more piece of useful info you'll have on hand for your lucky clients!

Jun 03, 2012 01:02 PM #1
Ambassador
1,658,444
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Renee, a good reason why you are the Shack Diva of market reports. . you are breaking new ground with these types of reports 

Jun 03, 2012 02:25 PM #2
Rainmaker
733,971
Juli Vosmik
Dominion Real Estate Partners, LLC, Scottsdale, AZ - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Renee, you sure did put in a lot of time finding out this valuable information for your your Las Vegas real estate market report.  People looking to sell their home in Las Vegas should call Renee Burrows - she know the Las Vegas real estate market so well - just check out all of her great posts.  

Jun 03, 2012 02:55 PM #3
Rainmaker
1,272,741
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - With all of the cash buyers in your area I am not surprised that a majority of buyers are not receiving any type of seller concessions.

Jun 03, 2012 08:07 PM #4
Rainmaker
2,012,046
Gabe Sanders
the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Looks like the give aways to spur the contract are coming to an end in most transactions.

Jun 04, 2012 04:41 AM #5
Ambassador
1,021,239
Amanda and Jared Christiansen, YOUR Fort Wayne Realtors
Century 21 Bradley (260)704-0843 - Fort Wayne, IN
Century 21 Bradley.

Your market reports are ridiculously good Renee.  I envy them.  Good for you!!                                                                

Jun 04, 2012 05:03 AM #6
Rainmaker
895,372
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Renee, this is a good sign at least for sellers in your market. I like your graphics.

Jun 04, 2012 06:23 AM #7
Rainmaker
753,321
Larry Brewer
Benchmark Realty LLc - Nashville, TN
Nashville Real Estate

Renee - pretty charts, and the story is more of the same for Las Vegas, sellers are holding most of the cards right now, so buyer just have to take what they can get.

Jun 04, 2012 12:36 PM #8
Rainmaker
100,874
Mary Ann Daniell, Realtor Killeen Fort Hood Texas
Coldwell Banker United, Realtors - Killeen, TX

What a difference from here!   Sellers are paying most if not all of buyer closing costs AND prepaid reserves, along with title insurance, survey AND the home warranty.   And a cash buyer is a rare bird, too.   Glad to hear your market is doing better!

Jun 05, 2012 10:07 AM #9
Rainmaker
1,574,583
Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Anyone looking to buy or sell Real Estate in the Las Vegas area must call Renee Burrows...She knows everything about this market!

Jun 05, 2012 06:48 PM #10
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Renée Burrows
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate - Las Vegas, NV
Las Vegas Real Estate Broker - www.urLVhome.com

Thanks all for the comments!

Jul 03, 2012 01:43 PM #11
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Renée Burrows

Las Vegas Real Estate Broker - www.urLVhome.com
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