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Pending Ratio Data in Las Vegas

J. Andrew English J. Andrew English

For those of you who are not familiar with the grid system, Las Vegas is divided up into area numbers according to the MLS Grid. These #’s range from 101-810.  Many brokers start their search by focusing in on area, for example, you target the southern portion of Henderson by searching area 606, etc.. The heart of Summerlin is area 405 and is typically very well sought after: Below is the data I pulled this afternoon from area 405.

430 pending properties
1200 active
Pending Ratio: 26%

Area # 404 (West Summerlin)
217 pending properties
775 active properties
pending ratio: 22%

In fact, if you search any desirable area of Las Vegas, you will find the pending ratios are almost all above 20%. This is pretty astounding considering less than 7 months ago these numbers were below 10%.

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