Wednesday, March 07, 2012

Las Vegas Real Estate Market Report: 03/07/12

Lotta new construction going on around las vegas in recent weeks,,,,I see the bottom for the first time! Recently I was chatting with a bartender at the forum shops and she mentioned that planet hollywood was moving to the 3rd floor at the forum shops and little carmines was going to take Plant's place on the first floor at the Forum Shops. Certainly exciting news for everyone...Call Steve Harless - 702-217-1680 for all of your las vegas real estate needs.

Below is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (National Association of Residential Real Estate Investment Advisors). For the week of March 7, 2012, data is obtained from the Greater Las Vegas Association of Realtors MLS.

Single Family Residence (SFR)
Available – 6,649 (-428, Last Week 7,077)
Under Contract – 11,913 (+267, Last Week 11,646)
Days of Supply – 17 (-2, Last Week 19)
Short Sales – 11,090 (-19, Last Week 11,109)

Condominiums and Town Homes (CONDO/TH)
Available – 1,295 (-19, Last Week 1,314)
Under Contract – 2,208 (-47, Last Week 2,255)
Days of Supply – 18 (+0, Last Week 18)
Short Sales – 2,033 (-32, Last Week 2,065)

Combined SFR + CONDO/TH
Available – 7,944 (-447, Last Week 8,391)
Under Contract – 14,121 (+220, Last Week 13,901)
Days of Supply – 17 (-2, Last Week 19)
Short Sales – 13,123 (-51, Last Week 13,174)

For the complete Las Vegas Real Estate Market Report, including detailed tables and graphs, visit www.narreia.com/market/housingreports.php (login required).

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