Greater Las Vegas Snapshot by Sale Type · Las Vegas Market Update - July 2018 Available Units Pending Units Last Month's Sold Units Median List Price Average List Price Median Sold

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

Las Vegas Market Update - July 2018

Available

Units

Pending

Units

Last

Month's

Sold

Units

Median List

Price

Average

List Price

Median

Sold Price

Average

Sold Price

Months

of

Inventory

30 Day

Absorption

Rate

Average

DOM

SFR 4,702 4,467 3,261 385,000 618,212 290,000 337,938 1.4 69.4% 27

CON/TWH 915 1,038 820 165,000 196,405 166,250 177,927 1.1 89.6% 24

Total Residential 5,617 5,505 4,081 234,900 298,401 210,000 243,786 1.4 72.7% 55

Hi-Rise 352 130 94 449,000 824,547 360,450 513,808 4.7 26.7% 42

Multiple Dwelling 83 50 30 317,000 326,334 289,500 306,380 2.8 36.1% 46

Vacant Land 2,249 173 111 69,900 361,983 30,000 108,213 20.3 4.9% 216

Available

Units

Pending

Units

YTD

Sold

Units

Median List

Price

Average

List Price

Median

Sold Price

Average

Sold Price

Months

of

Inventory

Absorption

Rate

Average

DOM

Luxury Sales

(RES & VER)

$1M+

499 89 260 1,799,900 2,652,324 1,365,000 1,799,631 10 7.4% 87

Greater Las Vegas Snapshot by Sale Type

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



396,627

383,102

416,847

339,552

361,711

300,000

320,000

340,000

360,000

380,000

400,000

420,000

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-1

4

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-1

5

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-1

6

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-1

7

Sep-

17

Nov

-17

Jan-

18

Mar

-18

May

-18

Greater Las VegasSFR Average List vs Closed Sale Prices

R12 Ave Available R12 Ave Sold

"R12 Ave" is a Rolling 12 Month Average of the Prices

This chart is based on SFR listings with a

List Price between $250,000 and $1,000,000

The Index is based on the Percentage of SFR listings

that have been on the market for more than 30 days

Average Over Pricing is $55,136



78,328

181,805

63,302

160,363

50,000

70,000

90,000

110,000

130,000

150,000

170,000

190,000

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-1

4

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-1

5

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-1

6

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-1

7

Sep-

17

Nov

-17

Jan-

18

Mar

-18

May

-18

Greater Las VegasCON/TWN Average Original List vs Closed Sale Prices

R12 Ave Original List R12 Ave Sold

"R12 Ave" is a Rolling 12 Month Average of the Prices

This chart is based on Condo/Townhome listings with an

Original List Price below $1,000,000

The Index is based on the Percentage of CON/TWN listings

that have been on the market for more than 30 days

Average Over Pricing is $21,442



Jan

2018Feb Mar Apr May Jun Sparklines

Months of

Inventory

Ave

Days

to Sell

Aliante 23 17 32 29 27 32 2 24

Anthem 12 12 23 19 19 23 2 39

Centennial Hills 21 20 35 30 31 32 2 33

Desert/South Shores 10 21 21 23 29 18 3 45

Green Valley 42 35 61 40 51 66 1 21

Green Valley Ranch 10 17 20 17 28 22 2 15

Inspirada 13 13 26 37 23 17 3 20

Iron Mountain Ranch 9 7 11 11 17 15 1 15

Mountains Edge 50 51 80 71 80 85 2 18

Peccole Ranch 9 10 19 13 14 18 1 19

Providence 30 38 43 39 51 60 1 16

Red Rock Country Club 4 7 10 6 12 10 4 75

Rhodes Ranch 17 11 26 24 37 23 3 42

Seven Hills 17 17 16 15 14 12 5 87

Siena (SFR & TWH) 16 14 26 15 14 17 2 54

Silverado Ranch 31 26 34 50 46 45 2 18

Silverstone Ranch 6 7 7 9 15 7 3 5

Southern Highlands 32 38 37 51 60 50 3 24

Spring Valley 24 16 18 35 38 34 2 30

Summerlin 40 39 67 70 74 67 2 36

Sun City Anthem 25 26 35 40 44 41 2 37

Sun City Summerlin 29 44 40 30 29 46 1 23

The Lakes 14 15 19 18 12 16 4 35

Other Groups

Boulder City 13 10 23 17 28 16 5 39

Pahrump/Nye 50 47 52 55 53 67 2 50

High Rise Sales 64 78 90 86 86 94 5 42

Luxury Sales ($1M+) 25 51 46 37 44 57 10 87

SFR Closed Sales in Selected Communities - Last Six Months



January

2018February March April May June

Price

Movement

Aliante 317,300 312,141 334,667 363,514 365,232 348,232

Anthem 427,833 379,942 415,641 421,192 409,711 445,121

Centennial Hills 311,114 331,323 314,114 364,592 355,383 403,452

Desert/South Shores 310,989 410,630 362,829 368,498 399,475 379,572

Green Valley 370,512 412,891 345,843 396,085 405,947 386,645

Green Valley Ranch 434,200 404,971 405,496 430,253 426,800 462,195

Inspirada 440,511 371,935 403,043 430,503 377,319 365,781

Iron Mountain Ranch 261,822 261,500 302,590 345,460 366,794 354,693

Mountains Edge 311,822 313,489 315,927 327,945 340,102 336,342

Peccole Ranch 335,722 330,199 341,184 323,697 354,171 343,500

Providence 299,256 307,628 310,823 320,107 310,865 323,126

Red Rock Country Club 1,100,000 1,490,000 1,348,300 728,333 1,068,869 1,015,350

Rhodes Ranch 349,829 364,715 388,861 447,280 376,308 405,343

Seven Hills 639,641 647,618 601,784 465,900 472,293 424,783

Siena 504,154 495,855 445,654 550,445 429,357 420,065

Silverado Ranch 293,097 301,917 302,435 300,152 325,191 313,562

Silverstone Ranch 287,698 309,000 337,929 326,333 356,273 398,143

Southern Highlands 517,648 819,786 442,603 419,301 514,529 430,605

Spring Valley 276,010 267,094 262,417 293,308 308,978 305,216

Summerlin 517,523 455,992 845,897 547,365 489,646 590,523

Sun City Anthem 416,893 416,823 390,997 428,486 416,116 416,866

Sun City Summerlin 335,193 302,522 371,135 326,915 372,425 348,213

The Lakes 467,114 372,950 344,394 340,556 441,667 520,750

Other Groups

Boulder City 344,154 364,350 316,278 384,282 443,557 339,867

Pahrump/Nye 206,323 214,400 212,194 251,978 252,549 241,070

High Rise Sales 533,857 665,591 431,462 413,419 352,070 513,808

Luxury Sales ($1M+) 1,895,827 1,975,000 2,073,490 1,664,883 1,546,106 1,675,047

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



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 2 0 1 7 2 0 1 8

1985 1778 1397 983 2224 2608 2509 2931 2284 2068 1793 1885 2150 2266

2038 1787 1407

1098

2288 2390 2591

3053 2639

2008 1966 2117 2263 2134

3127 2521

1605 1478

2980 3175 3384

3534

2958

2537 2706 2799 3210 3166

2957

2266

1381 1794

3198 2951 3084

3185

3049

2613 2753 2870 2870 2882

3096

2556

1568 2026

3255 2884 3111

3413

3074

2823 2751 3068

3525 3146

3318

2510

1476 2226

3785 3360 3629

3212

2964

2675 3056 3273

3677 3261

3240

1996

1318

2592

3738 2948

3164 2887

2943

2642 3178

2838

3141

3331

2097

1316

2545

3229

2819

3706 3076

2930

2568 2867

3114

3308

2985

1739

990

2783

3358

2806

3242 2666

2669

2379

2720 2935

2922

2574

1689

974

2718

3535

2599

3118 2995

2636

2417

2441

2624

2974

2441

1547

968

2183

3117

2777

3159 2661

2201

2031

1977

2606

2602 2437

1644

879

2498

3420

3117

3456

2961

2379

2227

2691

2720

2627

SINGLE FAMILY RESIDENTI AL CLOSINGS

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



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 2 0 1 7 2 0 1 8

440 594 621 600 479 461 408 429 531 554

442 623 691 680

529 461 437 516 567 578

604

728 846 775

609 506 562

647 711 739

727

710 742

674

649 544 624

651 663 694

737

690

789 657

810

565 557

657

785 751

917

824

843

656

678

549 582

716

796 820

864 725

799

613 691

613 575

610

656

810 742

919

612 595

544 555

688

732

859 703

800

570 586

546 512

615

658

850 708

704

603 565

497 532

572

665

726 674

674

543

493

410 434

580

609

776 805

718

586

521

443 544

688

586

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 2 0 1 7 2 0 1 8

84 60 58

37 40 45 51 64

89

61 63

49 53 54 70

78

86

79 74

50

92 63

93 90

76

65 86

56

63

57

77 86

91

64 83

60

56 81

82

86

68

75

70

50

55 82

101

94

74

69

62

58

61

75

92

68

59 58

53

51

71

83

66

62 56

61

53

77

62

59

70 53

56

56

48

94

50

68 45

45

77

72

80 76

77

44

61

77

93

85

Vertical / Hi -Rise Closings




0

50

100

150

200

250

300

350

400

450

500

2012 2013 2014 2015 2016 2017 2018

8 25 20 18 17 19 25 14

25 20 26 24 25

51

15

28 30 34 32

45

46

19

33 27

32 19

27

37

11

35

26 27

36

56

44

19

33

36 35

35

45

57

20

27

20

29 25

44

20

23

25

25 26

35

8

31

27

27 23

35

10

31

24

26 24

40

17

22

19

33 36

39

17

28

26

27 28

46

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




-

10

20

30

40

50

60

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-1

4

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-1

5

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-1

6

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-1

7

Sep-

17

Nov

-17

Jan-

18

Mar

-18

May

-18

53

16

21

24

31 29

21

14

11

19

13

10

Luxury Market - $1,000,000 and OverMonths of Inventory



428,817

337,938

290,000

-

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



148,729

182,419

250,313

337,938

290,000

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-1

4

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-1

5

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-1

6

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-1

7

Sep-

17

Nov

-17

Jan-

18

Mar

-18

May

-18

Single Family Residential Price Trend

Average Median



-30.3%

-0.8%

-8.5%

8.4%

29.4%

10.9%

7.4%

4.9%

11.1% 11.8%

-40.0%

-30.0%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018-YTD

SFR Average Price and Year Over Year Percent Change

Ave Pct Change



REO1%

Short Sales2%

Traditional Equity97%

Last Month's Closings by Type



<250K41%

250-400K43%

400-700K13%

700K+3%

Closed Units by Price Point



<250K25%

250-400K44%

400-700K22%

700K+9%

CLOSED VOLUME BY PRICE POINT



Cash24%

Conv55%

FHA12%

VA8%

Other1%

Last Month's Closings by Sold Terms



Cash30%

Conv48%

FHA16%

VA5%

Other2%

Closings By Sold TermsClosings Less Than $250,000



Cash19%

Conv56%

FHA13%

VA11%

Other1%

Closings By Sold TermsClosings Between $250,000 and $400,000



Cash19%

Conv70%

FHA

0%VA9%

Other2%

Closings By Sold TermsClosings Between $400,000 and $700,000



Available

Sold

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

Single Family Residences (SFR)

Supply vs Demand



4.6

1.4

-

1.0

2.0

3.0

4.0

5.0

6.0

Jul-0

9

Sep-

09

Nov

-09

Jan-

10

Mar

-10

May

-10

Jul-1

0

Sep-

10

Nov

-10

Jan-

11

Mar

-11

May

-11

Jul-1

1

Sep-

11

Nov

-11

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-1

4

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-1

5

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-1

6

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-1

7

Sep-

17

Nov

-17

Jan-

18

Mar

-18

May

-18

Single Family Residential HomesMonths of Inventory



0

1000

2000

3000

4000

5000

6000

Residential Listings Taken vs Listings Sold

Sold

Listed



0

500

1000

1500

2000

2500

3000

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Sep-

16

Jan-

17

May

-17

Sep-

17

Jan-

18

May

-18

Units

Closed Units By Price Point

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



0

50

100

150

200

250

300

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Sep-

16

Jan-

17

May

-17

Sep-

17

Jan-

18

May

-18

Unit

s

Closed Units By Price Point

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



-1000

0

1000

2000

3000

4000

5000

Residential Closed Units Trend by Price Point0-250K 250-750K 0-250K Trend 250-750K Trend

Documents

Greater Las Vegas Snapshot by Sale Type · Las Vegas Market Update - July 2018 Available Units Pending Units Last Month's Sold Units Median List Price Average List Price Median Sold