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PresentsStatistics and Market Study
How to obtain the “Statistics You Must Know”
Log onto MLXchange to
begin your compilations
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Total Active Residential ListingsSelect Property Subtypes: CON, SFR,TWH
Select Status: EA, ER
Select Areas from 101-702 (that includes all of Boulder City, Henderson, North Las Vegas and Las Vegas)
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Here is your total!
To Find Last Year Comparables, go to www.lasvegasrealtor.com and log in
Go to “Sale Stats” and
then “Monthly Stats” for
the information
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Once there, go to the Monthly MLXchange Statistics Report and find the comparable month
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Here you will find the
corresponding months for
comparison.As you can see
there were 6827 total listings
taken in August, 2005
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By comparison your can see
that 7,305 total
listings were taken in
August, 2006
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To determine this year’sAverage List Price,
go to Monthly Comparative Statistics
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Select the most recent statistics
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Here you can find the Average List Price and Average Sales Price for this year
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If you go to statistics under reports on MLXchange and go to report by Bedrooms
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Here is Average Market Time and List Price vs. Sales price ratio
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Proceed the same way for statistics for last year
• Go to Monthly Comparative Statistics for August, 2005 for Average List Price
• Then go to MLXchange reports and pull comp report by bedrooms, sold, res, areas 101 – 702 for actual close dates between 01/01/2005 and 12/31/2005
• You will then have the Average Market Time and List Price vs. Sale Price Ratio
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To Determine Last Year’s Average List Price
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Here is the Average List Price Last Year
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You can then find Average Market Time & List Price vs. Sales Price Ratio with the same
Comp report, but for last year
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To Determine Number Sold YTD
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To Determine Number Sold YTDLast Year
NOTE: Be
certain to add S & H status to get YTD
for last year!
To find Average Sales Price, Go to Annualized Statistics
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Then Go to Average Price
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Here are the results for Average Sales Price this year vs. last year
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You can use these number to determine appreciation or
depreciation• Single Family Average
– 2006 = $375,992
– 2005 = $324,252
– Difference of $51,740
– % change = + 14%
• Condominium Average
– 2006 = $225,769
– 2004 = $209,905
– Difference of $15,864
– % change = + 7%
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Market Study of Subdivision
• You will first determine the number of homes in the subdivision by going to the tax record in MLXchange
• Type in the subdivision name and proceed
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Here is Country Rose in SummerlinThere are 154 parcels of land in the subdivision
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All but 1 parcel is a home site
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There is a Market Study Template available for you to use to determine Age, Style and Square Footage
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To Determine the top 3 Listing Agents in the Subdivision, go to search
Put in Status = ER, EA, S, P, C
Area
Subdivision Name
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You have an Agent Inventory Template available to determine Top 3 Listing Agents in area
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If there is no dominant agent, find out which Brokerages are dominant
Click here to alphabetize
the field
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Now let’s move to the resource room and prepare Statistics and
a Market Study for your neighborhood!
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