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Las Vegas Foreclosures account for 64% of all home sales in Nevada in Q1-2010

RealtyTrac, which analyzed foreclosure data in metropolitan areas with 200,000 people or more, reported 75 Percent of Nation's Top Metro Areas Post Increasing Foreclosure Activity in First Half of 2010

Las Vegas foreclosures continue to lead the pack. One in 15 houses in Las Vegas received a foreclosure  filing. Thats 6.6% of all houses there for a total of 53,525 properties. It is a decrease of nearly 9% from the first six months of 2009 and 15% below the amount of foreclosures in the last half of that year.

In another article, Realty Trac reported First Quarter national foreclosure stats Nearly 233,000 Foreclosure and Bank-Owned Homes Sold at an Average Discount of 27 Percent.

Foreclosure sales increase 2,500 percent from 2005 to 2009
More than 1.2 million U.S. properties in some stage of foreclosure sold to third parties in 2009, an increase of 25 percent from 2008 and an increase of nearly 327 percent from 2007. Total foreclosure sales in 2009 were up more than 1,100 percent from 2006 and up more than 2,500 percent from 2005. Foreclosure sales accounted for 29 percent of all sales in 2009, up from 23 percent in 2008 and up from 6 percent in 2007.

Nevada posted the highest percentage of foreclosure sales in Q1- 2010
Foreclosure sales accounted for 64 percent of all sales in Nevada in the first quarter, the highest percentage of any state, although Nevadas percentage was down from 65 percent of all sales in the previous quarter and 75 percent of all sales in the first quarter of 2009.

 

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If you would like a FREE, confidential short sale consultation, please give me a call toll free at 1-866-589-1646.  We're here to help you avoid foreclosure, get a loan modification, or assist you to short sale your home.  Certified Short Sale Professional and Certified Distressed Property Experts handle every aspect of your short sale.

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The O'Brien-Nikolv Team are experts with the Las Vegas short sale process.

Jan O'Brien is the co-author of the Certified Foreclosure Alternatives Consultant designation course.   Call Us direct at 702-608-5260 to schedule a Foreclosure Alternatives Consultation today.


 

 


 



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