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Las Vegas Inventory (Sales)

Tracking Clark County, Nevada

Population 2006: 1.89 million
1/30/2006 Listing per population ratio 1:120
9/30/2006 Listing per population ratio 1:77

01/2006: 15,744 (2,233)___01/2005: (2,426)
02/2006: 16,978 (2,271)___02/2005: (2,508)
03/2006: 18,418 (3,167)___03/2005: (3,864)
04/2006: 19,871 (2,807)___04/2005: (3,649)
05/2006: 21,168 (3,161)___05/2005: (3,847)
06/2006: 22,479 (3,097)___06/2005: (4,079)
07/2006: 23,221 (2,501)___07/2005: 13,276 (3,937)
08/2006: 23,957 (2,609)___08/2005: 13,722 (4,145)
09/2006: 24,300 (2,177)___09/2005: 14,289 (3,654)
10/2006: 24,103 (2,046)___10/2005: 14,925 (3,226)
11/2006: 23,634 (1,871)___11/2005: 14,784 (3,042)
12/2006: 22,208 (2,016)___12/2005: 14,368 (3,024)

Population 2007: 1.9 million
01/01/2007 Listing per population ratio 1:86
09/30/2007 Listing per population ratio 1:61

01/01: 22,040
01/31: 22,748 (1,715)___01/2006: 15,744 (2,233)
02/28: 24,068 (1,684)___02/2006: 16,978 (2,271)
03/31: 26,794 (1,946)___03/2006: 18,418 (3,167)
04/30: 27,620 (1,677)___04/2006: 19,871 (2,807)
05/31: 28,577 (1,941)___05/2006: 21,168 (3,161)
06/30: 29,646 (1,820)___06/2006: 22,479 (3,097)
07/31: 30,445 (1,621)___07/2006: 23,221 (2,501)
08/31: 31,178 (1,601)___08/2006: 23,957 (2,609)
09/30: 31,334 (1,203)___09/2006: 24,300 (2,177)
10/31: 30,961 (1,171)___10/2006: 24,103 (2,046)
11/14: 30,559

All-Time Record high inventory: 31,334 homes, Sept 2007.
Previous Record high inventory: 20,217 homes, June 1995.

www.realestatedecline.com

Population 1995: 1.32 million
Listing per population ratio 6/1995 1:65
Population adjusted record high inventory: 29,230 homes.

Inventory numbers are listed first followed by sales figures in parenthesis, with corresponding inventory and sales information from prior year to the right. Inventory include SFR, Condos, MFR, and land parcels, data obtained from ZipRealty. Sales information obtained from LasVegasRealtor.com and includes only SFR and Condos.

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    Population 2006: 4 million
    1/30/2006 Listing per population ratio 1:123
    9/30/2006 Listing per population ratio 1:73

    01/2006: 32,512 (5,260)___01/2005: (9,360)
    02/2006: 36,176 (5,460)___02/2005: (7,935)
    03/2006: 39,852 (7,265)___03/2005: (10,035)
    04/2006: 44,290 (5,980)___04/2005: (8,735)
    05/2006: 47,187 (6,870)___05/2005: (10,425)
    06/2006: 50,974 (5,460)___06/2005: (11,545)

  • Tracking San Diego County, California

    Population 2006: 3.07 million
    1/01/2006 Listing per population ratio 1:220
    7/31/2006 Listing per population ratio 1:131

    01/2006: 16,161 (2,898)___01/2005: (3,324)
    02/2006: 17,262 (3,035)___02/2005: (3,442)
    03/2006: 18,261 (4,367)___03/2005: (5,018)
    04/2006: 19,480 (3,974)___04/2005: (5,345)
    05/2006: 21,175 (4,480)___05/2005: (5,141)
    06/2006: 22,588 (4,533)___06/2005: (5,663)

  • Tracking Riverside County, California

    Population 2006: 1.95 million
    1/30/2006 Listing per population ratio 1:116
    8/20/2006 Listing per population ratio 1:76

    01/2006: 16,846 (4,695)___1/2005: (3,951)
    02/2006: 18,767 (4,796)___2/2005: (4,084)
    03/2006: 20,334 (6,986)___3/2005: (5,915)
    04/2006: 21,388 (5,444)___4/2005: (5,718)
    05/2006: 22,952 (5,468)___5/2005: (5,985)
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  • Tracking Sacramento/El Dorado/Placer/Yolo Counties, California

    Population 2006: 2.07 million
    1/02/2006 Listing per population ratio 1:217
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    01/2006: 10,582 (1,309)___01/2005: 3,597 (1,873)
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  • Tracking Orange County, California

    Population 2006: 3.07 million
    1/02/2006 Listing per population ratio 1:422
    7/30/2006 Listing per population ratio 1:176

    01/2006: 8,430 (2,868)____01/2005: (2,903)
    02/2006: 10,420 (2,928)___02/2005: (2,890)
    03/2006: 11,762 (4,203)___03/2005: (5,033)
    04/2006: 13,268 (3,563)___04/2005: (4,547)
    05/2006: 15,048 (3,762)___05/2005: (4,548)
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  • Tracking Clark County, Nevada

    Population 2007: 1.9 million
    01/01/2007 Listing per population ratio 1:86
    09/30/2007 Listing per population ratio 1:61

    01/2007: 22,748 (1,715)___01/2006: 15,744 (2,233)
    02/2007: 24,068 (1,684)___02/2006: 16,978 (2,271)
    03/2007: 26,794 (1,946)___03/2006: 18,418 (3,167)
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    Population 2007: 2.1 million
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    01/2007: 12,480 (1,149)___01/2006: 10,582 (1,309)
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    Population 2006: 2.46 million
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    10/10/2006 Listing per population ratio 1:173

    01/2006: 8,425 (2,468)___01/2005: (2,491)
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  • Tracking Maricopa & Pinal Counties, Arizona

    Population 2007: 4.1 million
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    01/2007: 51,913 (4,520)___01/2006: 32,512 (5,260)
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    Population 2006: 1.77 million
    1/02/2006 Listing per population ratio 1:708
    8/17/2006 Listing per population ratio 1:335

    01/2006: 2,838 (1,486)___01/2005: (1,862)
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    Population 2007: 2 million
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    01/2007: 24,931 (3,089)___01/2006: 16,846 (4,695)
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    Population 2007: 1.81 million
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  • Tracking Orange County, California

    Population 2007: 3.10 million
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    01/31: 13,302 (2,400)___01/2006: 8,430 (2,868)
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  • Tracking San Bernardino County, California

    Population 2007: 2 million
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    09/30/2007 Listing per population ratio 1:85

    01/2007: 16,310 (2,373)___01/2006: (3,321)
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    04/2007: 20,253 (2,049)___04/2006: (3,841)
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  • Tracking San Bernardino County, California

    Population 2006: 2 million
    11/26/2006 Listing per population ratio 1:112

    11/2006: 17,245 (2,926)___11/2005: (3,992)
    12/2006: 15,758 (3,154)___12/2005: (4,580)

    Population 2007: 2 million
    01/01/2007 Listing per population ratio 1:129
    06/10/2007 Listing per population ratio 1:90

    01/01: 15,457
    01/31: 16,310 (2,373)___01/2006: (3,321)

  • Tracking Ventura County, California

    Population 2006: 817,000
    11/26/2006 Listing per population ratio 1:122

    11/2006: 6,593 (855)___11/2005: (1,235)
    12/2006: 5,677 (978)___12/2005: (1,134)

    Population 2007: 825,000
    01/01/2007 Listing per population ratio 1:150
    06/10/2007 Listing per population ratio 1:139

    01/01: 5,435
    01/31: 5,641 (689)___01/2006: (804)

  • Tracking Ventura County, California

    Population 2007: 825,000
    01/01/2007 Listing per population ratio 1:150
    08/30/2007 Listing per population ratio 1:117

    01/2007: 5,641 (689)___01/2006: (804)
    02/2007: 6,234 (737)___02/2006: (882)
    03/2007: 6,658 (999)___03/2006: (1,326)
    04/2007: 5,320 (890)___04/2006: (1,008)
    05/2007: 5,759 (861)___05/2006: (1,145)
    06/2007: 6,219 (886)___06/2006: (1,227)

  • Tracking King & Snohomish Counties, Washington

    Population 2007: 2.50 million
    01/01/2007 Listing per population ratio 1:231
    09/30/2007 Listing per population ratio 1:110

    01/2007: 11,888 (3,062)___01/2006: 8,425 (2,468)
    02/2007: 12,230 (3,022)___02/2006: 8,527 (3,391)
    03/2007: 13,210 (4,444)___03/2006: 8,724 (4,772)
    04/2007: 14,608 (4,451)___04/2006: 9,284 (4,585)
    05/2007: 16,295 (4,892)___05/2006: 10,018 (5,027)

  • Tracking Los Angeles County, California

    Population 2006: 10.25 million
    1/02/2006 Listing per population ratio 1:417
    9/30/2006 Listing per population ratio 1:216

    01/2006: 27,732 (7,309)____01/2005: (7,633)
    02/2006: 29,420 (7,089)____02/2005: (7,056)
    03/2006: 31,819 (10,805)___03/2005: (10,878)
    04/2006: 34,032 (9,284)____04/2005: (10,299)
    05/2006: 37,847 (10,714)___05/2005: (10,128)
    06/2006: 42,317 (11,234)___06/2005: (12,001)

  • Tracking Los Angeles County, California

    Population 2007: 10.33 million
    01/01/2007 Listing per population ratio 1:288
    09/30/2007 Listing per population ratio 1:175

    01/2007: 36,715 (6,805)____01/2006: 27,732 (7,309)
    02/2007: 41,251 (6,300)____02/2006: 29,420 (7,089)
    03/2007: 42,057 (8,353)___03/2006: 31,819 (10,805)
    04/2007: 45,918 (7,225)____04/2006: 34,032 (9,284)
    05/2007: 52,198 (7,426)____05/2006: 37,847 (10,714)
    06/2007: 52,769 (7,580)____06/2006: 42,317 (11,234)

  • Population 2006: 1.22 million
    11/27/2006 Listing per population ratio 1:143

    11/2006: 8,426
    12/2006: 7,953

    Population 2007:
    01/01 Listing per population ratio 1:159
    05/31 Listing per population ratio 1:131

    01/01: 7,677
    01/31: 7,673
    02/28: 7,609
    03/20: 7,802
    04/30: 8,657
    05/31: 9,251

  • Using foreclosure.com as the source, foreclosure figures are listed first, pre-foreclosures are listed next, with the % of pre-foreclosures moving forward to foreclosures in parentheses. These are cumulative numbers. Special thanks to reader moqui for Aug '05 and June '06 data.

    San Diego County
    08/25/05: 83/3,087 (2.7%)
    06/15/06: 354/4,382 (8.1%)
    10/31/06: 998/4,983 (20.0%)
    11/30/06: 1,304/5,245 (24.9%)
    12/30/06: 1,251/4,637 (27.0%)
    01/30/07: 1,475/4,760 (31.0%)
    02/27/07: 1,879/5,008 (37.5%)


  • Few of the interesting points here regarding these 11 homes:--2 out of 11 are listed for sale--11 out of 11 were purchased or constructed after 2003--11 out of 11 were refi'd, purchased or constructed after 2004--4 of 11 are from 4S Ranch proper--2 of 11 are from Santaluz
    11353 AVENIDA DE LOS LOBOS #E, SAN DIEGO 92127
    --1,230 sqft
    --11/04/2005: purchased for $390,000
    --05/30/2008: NOD
    --not listed or pending

    17081 W BERNARDO DR #102, SAN DIEGO 92127
    --1,040 sqft
    --09/27/2004: purchased for $362,990
    --11/21/2007: listed for $224,777-$249,777
    --05/30/2008: NOD

    16588 GETTYSBURG DR, SAN DIEGO 92127

  • In addition to the profiling of our real estate friends foreclosing away, the U-T story this past weekend also had some pretty scary numbers. For example, there were 1,305 actual foreclosures in January, this was up 257% in comparison to a year ago. With only 1,826 homes sold, the number of foreclosures in the county may soon overtake home sales.

    What is even scarier is what's not published. These foreclosure numbers are actually lower than expected because of the 'postponement phenomenon.'

  • A month ago Jim the Realtor reminded us of the backlog of REOs using the Deutsche Bank as an example. In his survey back in December of '07, Jim found the following:

    Here is the survey of 123 Deutsche REOs in North County:
    --64 active listings
    --18 pending listings
    --41 homes not on market yet (33%)

    Jim reported at the time that his foreclosing neighbor at the time was still living rent free 4 months after their foreclosure. Which reminds us of this gem in 4Closure Ranch...

  • One of our BMIT regulars golfer_x has been secretly working on his blog over the last couple of months. The Blog is Housing Kaboom and its main focus is the Inland Empire.

    Not that anyone would want to live there, but golfer_x managed to find today something in San Jacinto for less than $90/sqft. (As one of golfer_x's reader puts it, calling it a city is an insult to cities. But hey, the less-than-$100/sqft-club got to start somewhere!)

    665 Drake Dr, San Jacinto, CA 92582 (3,148 sqft)
    --04/2005: purchased for $339,500.

  • Everyone gets a second chance and JME is no different. Four years after a Chapter 7 BK filing, JME started back with his first home purchase in 2002. From then on, he made 4 additional purchases over the next 4-5 years. Two of which he sold for profit:

    12313 VIA HACIENDA, EL CAJON, CA 92019
    --3 beds, 2.5 baths, 1,588 sq ft
    --12/2002: purchased for $350,000
    --07/2007: sold for $505,000

    2643 E BEYER BLVD, SAN YSIDRO, CA 92173
    --4 beds, 2.5 baths, 1,532 sq ft
    --09/2006: purchased for $465,000
    --01/2007: sold for $510,000

    With sales from these two homes, JME was looking at a cool $200,000 in profit. So how did he show off this nice $200k? Why an over 5,000 sqft McMansion in StoneBridge Estate of course. Unfortunately, looks like JME stretched a little bit too far and here we are, all three remaining homes he own are now past due on property taxes.

  • Back in June of '06 we featured this 2,004 sqft San Marcos home written up by the selling agent as being in 'Great Condition' but listed as an 'As Is' short sale. Looks like a knife catcher actually fell in love with the well manicured yard and the designer lawn chairs.

  • The news out there just gets worse and worse. Nationally, we got the near-collapse of Bear Stearns. Regionally, there's a 39% freefall in sales and close to 20% drop in prices. Locally, we got skyrocketing foreclosures that are only getting worse. Needless to say, the bottom is a long way off.

    The easy answer for potential homesellers is: get out while you can, price it right and sell it off. But as Jim the Realtor's most recent post demonstrates, potential sellers out there continue to ponder the questions of: to keep, to rent, or to dump?

    To help these indecisive sellers make up their minds, BMIT went back to a post first written back in November of '06 and recently well covered by, once again, Jim the Realtor.