The Greater Las Vegas real estate market has sustained the momentum that we have witnessed these past several months! We continue to purge this market of a great deal of bank owned property. Bank owned REO sales accounted for nearly seventy percent (70%) of all residential closings. The number of available listings is holding steady and again July closings were [...]
Posted in GLVAR, MLS on Aug 4th, 2008 No Comments »
ON AUGUST 1, 2008 THE MLS IMPLEMENTED A NEW PROPERTY TYPE “VERTICAL”
The Vertical Property Type will be geared to high rise units and specific amenities they provide. See the new “Vertical Data Form“. You may use the new property type for existing high rise listings by withdrawing them from Residential Condo and re-listing them under Vertical. Of [...]
Again you really have to be motivated by this month’s resale closing stats for the Greater Las Vegas real estate market! It is clear that we are moving a great deal of bank owned property off the market. This month sixty-five percent (65%) of all residential closings were REO properties; seventy-two percent (72%) if you include [...]