Las Vegas Market Stats

Posted at 10:52 AM, Jul. 2, 2007

Las Vegas just keeps on growing!  The statistics, as mentioned in the Las Vegas Review Journal and on the 3 major TV stations local news, say that 6,000 people are moving to Las Vegas and Clark County NV every month.  We grow and grow and grow.  Yet Clark County is at the top when it comes to foreclosures.  Unofficial word is (from local news) that there are between 9,000 and 10,000 homes in Clark County currently in some stage of the foreclosure process (I am assuming they mean short sales, foreclosures, bank owned properties). 

Although sales have slowed down some there is MUCH to choose from if you're interesting in purchasing.  In doing the stats from the Greater Las Vegas Association of Realtors MLS (Multiple Listing Service) there are currently over 26,000 residential properties for sale (as of 7/2/07).  These stats do not include For Sale By Owners or New Home Developmments.

The 'sold' shown below are closing since the first of January 2007.    

Property Type	Active Listings	Pending/Contingent	Sold
Single Family	20,898	2,318	9,186
TownHouses	4,038	336	875
Condominiums	1,615	184	1,162

Yes, there are A LOT of listings, we have to give some consideration to the amount of houses that have been built over the last few years...yes we have more listings than ever before but we also have seen immense growth through out Clark County.