Based on data obtained by the Greater Las Vegas Association of REALTORS Multiple Listing Service, there were a total of 2,885 unit closings in October 2015 within the Las Vegas and Henderson areas…that’s down about 438 unit closings since August 2015. This data does not take in account any closings outside of Las Vegas and Henderson areas such as Moapa, Pahrump, Boulder, etc.
According to the data, of the 2,885 Total Closings, 85.5% were Traditional Sales, 7.66% were REO and Foreclosure Sales and 6.8% were Short Sales:
33% of the units sold with conventional loans; CASH buyers were a close second with 30.3% sales and FHA buyers with 26.5% coming in third. And, VA financing buyers represented 8.6% of the closings:
Over 39.8% of sales for October 2015 were for homes within the $100,000-$199,999 price range:
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