Greater Las Vegas Snapshot by Sale Type · Las Vegas Market Update - July 2016 Available Units Pending Units June Sold Units Median List Price Average List Price Median Sold Price

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Las Vegas Market Update - July 2016

Available Units

Pending Units

June Sold Units

Median List Price

Average List Price

Median Sold Price

Average Sold Price

Monthsof

Inventory

30 Day Absorption

Rate

Average DOM

SFR 7,760 5,866 3,260 255,900 323,728 235,000 276,482 2.4 42.0% 51

CON/TWH/MAN 1,463 715 721 119,000 122,971 115,000 122,971 2.0 49.3% 55

Total Residential 9,223 6,581 3,981 234,900 298,401 210,000 243,786 2.3 43.2% 55

Hi-Rise 623 136 81 324,750 556,349 250,000 325,443 7.7 13.0% 94

Multiple Dwelling 149 76 30 202,450 196,937 189,250 181,250 5.0 20.1% 91

Vacant Land 2,568 88 68 85,950 238,800 58,000 161,843 37.8 2.6% 221

Available Units

Pending Units

YTD Sold Units

Median List Price

Average List Price

Median Sold Price

Average Sold Price

Monthsof

Inventory

Absorption Rate

Average DOM

Luxury Sales(RES & VER) $1M+

563 67 162 1,545,000 1,910,853 1,526,890 1,907,337 18 28.8% 127

Greater Las Vegas Snapshot by Sale Type

This data includes all GLVAR listings and sales within the Greater Las Vegas market area.



REO6.3%

Short Sales4.4%

Traditional Equity89.3%

June Closings by Type



Cash27%

Conv35%

FHA26%

VA10%

Other2%

June Closings by Sold Terms



0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Closed Sales Trend by Type

REO Short Traditional

2009 20112010 2012 2013 2014 2015 2016



-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

SFR Market Prices

Average Median



2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6

1985 1778 1397 983 2224 2608 2509 2931 2284 2068 1793 1884

2038 1787 1407

1098

2288 2390 2591

3053 2639

2008 1966 2118

3127 2521

1605 1478

2980 3175 3384

3534

2958

2537 2706 2796

2957

2266

1381 1794

3198 2951 3084

3185

3049

2613 2753 2869

3096

2556

1568 2026

3255 2884 3111

3413

3074

2823 2751 3066

3318

2510

1476 2226

3785 3360 3629

3212

2964

2675 3056 3260

3240

1996

1318

2592

3738 2948

3164 2887

2943

2642 3178

3331

2097

1316

2545

3229

2819

3706 3076

2930

2568

2867

2985

1739

990

2783

3358

2806

3242 2666

2669

2379

2720

2574

1689

974

2718

3535

2599

3118 2995

2636

2417

2441

2441

1547

968

2183

3117

2777

3159 2661

2201

2031

1977

2437

1644

879

2498

3420

3117

3456

2961

2379

2227

2691

SINGLE FAMILY RESIDENTIAL CLOSINGS

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec



Jan

2016Feb Mar Apr May June Trendline

Ave

Days to

Sell

Aliante 23 20 30 32 32 37 49

Anthem 22 18 30 28 46 51 51

Boulder City 10 15 13 21 18 10 54

Centennial Hills 21 20 35 29 38 36 30

Desert/South Shores 14 16 17 15 12 25 55

Green Valley 24 41 47 38 55 53 67

Green Valley Ranch 9 16 16 16 11 25 11

High Rise Sales 45 54 63 57 81 81 94

Iron Mountain Ranch 8 9 19 11 15 12 35

Mountains Edge 60 51 69 72 74 100 44

Pahrump/Nye 34 29 38 31 52 44 107

Peccole Ranch 5 14 8 13 9 21 62

Providence 23 28 45 40 38 54 35

Red Rock Country Club 3 6 5 3 7 8 113

Rhodes Ranch 13 20 25 20 20 31 110

Seven Hills 2 10 12 19 26 20 40

Silverado Ranch 21 31 40 45 43 46 35

Southern Highlands 26 32 37 41 43 55 66

Spring Valley 15 15 18 18 27 31 45

Summerlin 71 73 107 90 120 117 55

Sun City Anthem 22 16 27 33 42 33 60

Sun City Summerlin 24 26 27 29 48 31 54

The Lakes 14 16 38 24 16 18 23

SFR Closed Sales in Selected Communities - Last Six Months



Jan

2016Feb Mar Apr May June

Price

Movement

Aliante 270,270 257,950 264,984 284,053 268,507 285,639

Anthem 567,273 407,272 523,947 425,810 508,135 449,663

Boulder City 407,912 304,327 310,100 378,679 293,761 289,100

Centennial Hills 265,450 272,554 291,552 263,346 285,885 306,425

Desert/South Shores 336,689 269,659 290,494 368,533 394,217 313,270

Green Valley 293,071 319,624 295,158 307,989 302,884 384,449

Green Valley Ranch 284,667 335,038 334,813 310,439 355,455 380,269

High Rise Sales 402,980 503,586 446,713 343,950 350,787 325,443

Iron Mountain Ranch 277,113 236,656 245,384 267,573 256,688 321,167

Mountains Edge 277,706 293,958 270,249 276,650 282,323 289,114

Pahrump/Nye 171,743 173,383 185,472 204,546 178,653 175,226

Peccole Ranch 259,000 281,964 302,125 262,369 283,028 292,852

Providence 242,312 239,476 246,144 255,943 279,918 258,516

Red Rock Country Club 1,306,667 1,550,833 882,500 780,833 860,129 1,049,300

Rhodes Ranch 281,902 309,360 315,505 310,964 331,592 322,222

Seven Hills 492,500 478,550 463,533 551,147 533,200 515,070

Silverado Ranch 234,186 249,789 243,994 234,881 266,447 249,540

Southern Highlands 318,362 382,009 327,223 339,749 422,379 369,603

Spring Valley 243,245 227,753 228,250 239,856 245,454 259,978

Summerlin 426,286 408,957 454,968 352,151 446,947 519,495

Sun City Anthem 353,784 324,868 386,456 374,733 360,633 365,164

Sun City Summerlin 289,846 269,021 302,020 277,831 301,221 333,545

The Lakes 270,421 388,994 322,052 314,408 367,633 274,542

SFR Closed Average Sales Prices in Selected Communities - Last Six Months



442,862

496,023549,092

420,512

509,450

335,384

190,837

285,030

0

100,000

200,000

300,000

400,000

500,000

600,000

Greater Las VegasSFR Average Equity Listing vs Sale Prices

Ave Available

Ave Listed Current Month

Ave Sold



Available

Sold -

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Single Family Residences (SFR)



0

1000

2000

3000

4000

5000

6000

7000

8000

Residential Listings Taken vs Listings Sold

Sold

Listed



2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6

440 594 621 600 479 461 408 429

442 623 691 680

529 461 437 515

604

728 846 775

609 506 562

647

727

710 742

674

649 544 624

650

737

690

789 657

810

565 557

655

917

824

843

656

678

549 582

715

864 725

799

613

691

613 575

810 742

919

612 595

544 555

859 703

800

570 586

546 512

850 708

704

603 565

497 532

726 674

674

543

493

410 434

776 805

718

586

521

443 544

CONDO / TOWNHOME CLOSINGS




2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6

84 60 58

37 40 45

89

61 63

49 53 54

86

79 74

50

92 63

76

65 86

56

63

57

91

64

83

60

56 81

68

75

70

50

55 81

74

69

62

58

61

68

59 58

53

51

66

62 56

61

53

59

70 53

56

56

50

68 45

45

77

76

77

44

61

77

VERTICAL / HI-RISE CLOSINGS




0

50

100

150

200

250

300

350

2012 2013 2014 2015 2016

8 25 20 18 17

14

25 20 26 24 15

28 30

34 32 19

33 27

32 20

11

35

26

27 36

19

33

36

35 34

20

27

20

29

20

23

25

25

8

31

27

27

10

31

24

26

17

22

19

33

17

28

26

27

Greater Las Vegas Luxury Sales$1,000,000 and Over




0

500

1000

1500

2000

2500

3000

Jan

-06

Ma

r-0

6

Ma

y-0

6

Jul-

06

Se

p-0

6

No

v-0

6

Jan

-07

Ma

r-0

7

Ma

y-0

7

Jul-

07

Se

p-0

7

No

v-0

7

Jan

-08

Ma

r-0

8

Ma

y-0

8

Jul-

08

Se

p-0

8

No

v-0

8

Jan

-09

Ma

r-0

9

Ma

y-0

9

Jul-

09

Se

p-0

9

No

v-0

9

Jan

-10

Ma

r-1

0

Ma

y-1

0

Jul-

10

Se

p-1

0

No

v-1

0

Jan

-11

Ma

r-1

1

Ma

y-1

1

Jul-

11

Se

p-1

1

No

v-1

1

Jan

-12

Ma

r-1

2

Ma

y-1

2

Jul-

12

Se

p-1

2

No

v-1

2

Jan

-13

Ma

r-1

3

Ma

y-1

3

Jul-

13

Se

p-1

3

No

v-1

3

Jan

-14

Ma

r-1

4

Ma

y-1

4

Jul-

14

Se

p-1

4

No

v-1

4

Jan

-15

Ma

r-1

5

Ma

y-1

5

Jul-

15

Se

p-1

5

No

v-1

5

Jan

-16

Ma

r-1

6

Ma

y-1

6

Un

its

Closed Units By Price Point

0-100K 100-250K 250-500K



0

50

100

150

200

250

Jan

-06

Ma

r-0

6

Ma

y-0

6

Jul-

06

Se

p-0

6

No

v-0

6

Jan

-07

Ma

r-0

7

Ma

y-0

7

Jul-

07

Se

p-0

7

No

v-0

7

Jan

-08

Ma

r-0

8

Ma

y-0

8

Jul-

08

Se

p-0

8

No

v-0

8

Jan

-09

Ma

r-0

9

Ma

y-0

9

Jul-

09

Se

p-0

9

No

v-0

9

Jan

-10

Ma

r-1

0

Ma

y-1

0

Jul-

10

Se

p-1

0

No

v-1

0

Jan

-11

Ma

r-1

1

Ma

y-1

1

Jul-

11

Se

p-1

1

No

v-1

1

Jan

-12

Ma

r-1

2

Ma

y-1

2

Jul-

12

Se

p-1

2

No

v-1

2

Jan

-13

Ma

r-1

3

Ma

y-1

3

Jul-

13

Se

p-1

3

No

v-1

3

Jan

-14

Ma

r-1

4

Ma

y-1

4

Jul-

14

Se

p-1

4

No

v-1

4

Jan

-15

Ma

r-1

5

Ma

y-1

5

Jul-

15

Se

p-1

5

No

v-1

5

Jan

-16

Ma

r-1

6

Ma

y-1

6

Un

its


500-750K 750K-1M 1M+



0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

Jan-

06

Apr-

06

Jul-0

6

Oct

-06

Jan-

07

Apr-

07

Jul-0

7

Oct

-07

Jan-

08

Apr-

08

Jul-0

8

Oct

-08

Jan-

09

Apr-

09

Jul-0

9

Oct

-09

Jan-

10

Apr-

10

Jul-1

0

Oct

-10

Jan-

11

Apr-

11

Jul-1

1

Oct

-11

Jan-

12

Apr-

12

Jul-1

2

Oct

-12

Jan-

13

Apr-

13

Jul-1

3

Oct

-13

Jan-

14

Apr-

14

Jul-1

4

Oct

-14

Jan-

15

Apr-

15

Jul-1

5

Oct

-15

Jan-

16

Apr-

16


0-100K 100-250K 250-500K



0

50

100

150

200

250

300

350

400

Jan-

06

Apr-

06

Jul-0

6

Oct

-06

Jan-

07

Apr-

07

Jul-0

7

Oct

-07

Jan-

08

Apr-

08

Jul-0

8

Oct

-08

Jan-

09

Apr-

09

Jul-0

9

Oct

-09

Jan-

10

Apr-

10

Jul-1

0

Oct

-10

Jan-

11

Apr-

11

Jul-1

1

Oct

-11

Jan-

12

Apr-

12

Jul-1

2

Oct

-12

Jan-

13

Apr-

13

Jul-1

3

Oct

-13

Jan-

14

Apr-

14

Jul-1

4

Oct

-14

Jan-

15

Apr-

15

Jul-1

5

Oct

-15

Jan-

16

Apr-

16


500-750K 750K-1M 1M+

Documents

Greater Las Vegas Snapshot by Sale Type · Las Vegas Market Update - July 2016 Available Units Pending Units June Sold Units Median List Price Average List Price Median Sold Price