REAL SUMMERLIN

SINGLE FAMILY RESIDENCE

On The Market                                               1073

Bank Owned                                                    150

Short Sale                                                       522

Pending                                                             96

Contingent                                                       442

Sold                                                                   28

Foreclosure Commenced                                      59

CONDO/TOWNHOUSE

On The Market                                                   179

Bank Owned                                                        39

Short Sale                                                            89

Pending                                                               18

Contingent                                                           63

Sold                                                                      6

Foreclosure Commenced                                        10

Wow look at the properties that went under contract or Contingent since Sept. 18th!  Contingent means that there has been an offer written on the property.  There could be many reasons why it did not go straight into Pending Status, inspections, loan is not quite in place, or what we are seeing a lot of these days is waiting for the bank to decide on a short sale.