Las Vegas Short Sale homes closed 333 units of single family homes in June of 2009. That comprised 8.9% of all 3,785 homes in Las Vegas that closed last month. The short sale listings that sold in Las Vegas were priced between 18,ooo and 1,600,000. The longest DOM ( days on market) was 714 days compared 82 days on average from list to contract. On average, the homes took 2 to 3 months to get bank approval of short sale.
As of July 17, 2009 their are currently 3,938 short sale single family homes active on the market. This does not include homes in contingent status. There is a total of 9,733 homes on the market. This means 40% of the homes out there are short sale listings in Las Vegas. With the inventory being depleted, this will mean less days on market for sellers.
If you are looking to list your home as a short sale in Las vegas, chances are you will get a buyer quicker than you would have 6 months ago. This means a quicker time frame of buyers and agents in and out of your home. Any buyers looking to purchase, will most likely on average write 3 to 5 offers before getting one accepted. A short sale allows a buyer of real estate in Las Vegas, to get a home under contract and just wait an additional couple of months. Buyers can also avoid the headaches and competition on the bank owned homes.
If you are looking to sell your home as a short sale, please contact us and we will help!
Well mentioned. I feel a lot of people hear the word sales and head for that hills. Regardless of whether they do not would like to be the kinds promoting or becoming sold to; it’s just an inevitability. But marketing is often a way of everyday living and folks ought to just grow up.