REAL SUMMERLIN

SINGLE FAMILY RESIDENCE

On The Market                                                 549

Bank Owned                                                      53

Short Sale                                                        179

Pending                                                             75

Contingent                                                        435

Sold                                                                  170

Foreclosure Commenced                                       20

CONDO/TOWNHOUSE

On The Market                                                     71

Bank Owned                                                         13

Short Sale                                                            24

Pending                                                                17  

Contingent                                                            87

Sold                                                                     19

Foreclosure Commenced                                         5 

5Wow 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.