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®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Topic:
Real Estate Market Trends
Location:
Nevada Clark County Las Vegas Metropolis
Groups:
Market Reports
City & State: Listings and Market Reports
Las Vegas Foreclosures - Homes, High-Rises-Condos
Posts to Localism
Market Updates
Tags:
las vegas market report
las vegas homes for sale
las vegas nv real estate

Comments 11 New Comment

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Rainmaker
653,963
Joetta Fort
Independent Broker, Homes Denver to Boulder
The DiGiorgio Group

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

June 03, 2012 01:02 PM
Ambassador
1,637,818
Fernando Herboso - Broker for Maxus Realty Group
301-246-0001 Serving Maryland, DC and Northern VA
Maxus Realty Group - Broker 301-246-0001

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

June 03, 2012 02:25 PM
Rainmaker
703,626
Juli Vosmik
Scottsdale/Cave Creek, AZ real estate 480-710-0739
Dominion Real Estate Partners, LLC, Scottsdale, AZ

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.  

June 03, 2012 02:55 PM
Rainmaker
1,228,393
Michelle Gibson
REALTOR
Hansen Real Estate Group Inc.

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.

June 03, 2012 08:07 PM
Rainmaker
1,772,379
Gabe Sanders
Stuart Florida Real Estate
the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales

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

June 04, 2012 04:41 AM
Ambassador
923,561
Amanda and Jared Christiansen, YOUR Fort Wayne Realtors
Century 21 Bradley.
Century 21 Bradley (260)704-0843

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

June 04, 2012 05:03 AM
Rainmaker
891,496
Michael Setunsky
Your Commercial Real Estate Link to Northern VA
Michael's Commercial LLC

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

June 04, 2012 06:23 AM
Rainmaker
713,132
Larry Brewer
Nashville Real Estate
Benchmark Realty LLc

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.

June 04, 2012 12:36 PM
Rainmaker
97,338
Mary Ann Daniell, Realtor Killeen Fort Hood Texas
Coldwell Banker United, Realtors

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!

June 05, 2012 10:07 AM
Rainmaker
1,438,472
Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)
Long Island Condo & Home Sale Specialists
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803

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

June 05, 2012 06:48 PM
Ambassador
1,470,951
Renée Burrows
Las Vegas Real Estate Broker - www.urLVhome.com
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate

Thanks all for the comments!

July 03, 2012 01:43 PM
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Ambassador
1,470,951

Renée Burrows

Las Vegas Real Estate Broker - www.urLVhome.com
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