just wondering if the property is still available? seems like a nice house but 309 days on the market?

Asked by David, 90640 Sat Oct 10, 2009

This question is about this property: http://www.trulia.com/property/1072275185-20-Via-Ravello-Hen…

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Roberta LaRo…, , Las Vegas, NV
Sat Oct 10, 2009
Hi David,

The property is a short sale that was marked contingent an offer on 9/14, and has an estimated closing date of 10/30.

It appears the there was an offer submitted to the lender in July, but for some reason the deal fell through. It was listed available again on 9/12 for $549k then the current price of $250k. The 309 days on the market might be because the property was originally listed in Dec. 08 for $799k and periodically dropped to the $549k. There won't be an actual sales price available until after the sale closes.

It's not unusual for a short sale to change status like this. The lender, seller, or buyer may back out. If a lender has accepted an offer and the buyer backs out, and there's no backups at that price the home may sell again quickly. Typically the longest wait is for a lender approval and that can go either way.

It's usually pretty difficult to track these and other changes with the online searches in a fast moving market like there is today. If you really want to stay on top of them I'd suggest working with one of us REALTORS®. We have direct access to the local MLS, can set you up on a search specific to your needs with results sent to your inbox, and updated as new entries or status changes made, like this one.

For an idea of just how fast paced the Las Vegas home market is, an interesting report out yesterday. Home prices up 1.8%, inventory reduced .9% to 20,801 homes listed, but only 7,909 that are not under contract, a less than 3 month supply.


Hope that helps, and if any other questions just get in touch.

Web Reference:  http://RobertaLaRocca.com
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