Hello Friends and family!
Here are some stats on the Las Vegas market for November. And as always your referrals are always welcome!
Las Vegas Market Update for November
Single family residential (SFR) closings declined by 207 units from September sales but were down 936 units or (-26.5%) from October 2009. The median sales price of an SFR dipped to $133,000. Available REO properties are nearly 3500 units. Short sale closings slowed down while bank owned (REO) and Classic sales increased. Cash was certainly “king” in October as 46% of all closings were cash. The market appears to be soft, but stable as we close out the fourth quarter of 2010.
For more in-depth information courtesy of Equity Title: http://ninedots.net/wordpress/wp-content/uploads/2010/11/MarketSnapshotOctober2010.pdf
As always, feel free to contact me with any questions or concerns.
Deirdre Bergeron REALTOR® deirdreb@americanagrp.com http://www.deirdrebergeron.com 702-275-7667
