Market Numbers, Statistics and Trends

As of Today Thursday September 26

There are 7,879 Available Listings

of them 1,032 are Short Sales (13%)
504 are Bank Owned REO (7%)
leaving 6,343 Traditional Sales (80%)
3,584 of All Active Listings are Vacant (45%)
(Traditional Sales Include Investors Selling Rentals, Investor Flips and Regular Sales)

There are 10,004 Listings Under Contract 

of them 6,491 are Short Sales (65%)
358 are Bank Owned REO (3.5%)
leaving 3,155 Traditional Sales (31.5%)
3,755 of these Listings are Vacant (37%)
Also, 5,711 of these are expected to be CASH transactions (57%)
(keep in mind that Short Sales take an average of 6 months to Close)

Over the past 12 months there have been 40,429 Sold Homes

of them 14,315 were Short Sales (35.5%)
3,941 were Bank Owned REO (10%)
leaving 22,173 Traditional Sales (54.5%)
20,374 of the Sold Listings were Vacant (50%)
Also, 22,259 of those Sales were CASH transactions (55%)

The Previous Years had a total of 45,161 Sold Homes

of them 14,374 were Short Sales (31.8%)
16,321 were Bank Owned REO (36%)
leaving 14,466 Traditional Sales (32%)
31,547 of the Sold Listings were Vacant (70%)

 Also, 23,682 of those Sales were CASH transactions (52%)

In the past 30 Days, there have been 3,256 Sales, 1,559 were CASH (47%)
(CASH Buyers tend to be Investors)

So what does it all mean?
We can see some Trends.

The market has had fewer Bank Owned Foreclosures (REO)

Fewer Short Sales are being Listed.
Probably because Home Owners have Equity again 
and are Selling as Traditional Sellers.

Fewer Cash Buyers (Investors) are Buying Homes.
Prices have gone up, Rents have stayed the same,
making it harder for investors to get the return they need.

People are very skeptical about what is going to happen 
with the Las Vegas Real Estate market.

Are we at the beginning of another Bubble and potential Burst?

Or will the market . . .