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2012

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Single Family Condominium/Townhome

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The Las Vegas Valley January Edition

REAL ESTATE REPORTWe are currently in what could be characterized as an inventory challenged environment. While sales have made year-over-year increases, n

stings have been far from catching up. As a result, listings of single family homes are down over 30% from the same month last year, with

ached home inventories dropping by nearly 50%. For buyers, this means that offers are going to have to be quite strong for sought after hom

nd price ranges. In January, homes sold for an average of 98% of their list price and nearly 1,000 homes sold for more than their list price.

ave little evidence that this phenomenon will diminish, rather it is likely to continue. For sellers, they are better positioned in the market as

vel of competitive listings has been reduced.

Source: Mlxchange, Coldwell Banker Premier Realty.*Bank owned listings not under contract.Note: Averages tend to be greatly influenced by outliers.Condominiums/townhomes exclude high-rise.

Note: 3-month moving average.

Available and Closed Inventory - Single Family Available and Closed Inventory - Condominium/Townhome

Average Days on Market Average Sale Price - Single Family and Condominium/Townhome

Single Family Condo/TH

December M-M Change November Y-O-Y Change December M-M Change November Y-O-Y Change

ListingsAvailable 8,683 -8.8% 9,520 -33.1% 1,489 -4.4% 1,558 -46.4%

Average price $274,626 3.4% $265,670 10.2% $82,622 -0.9% $83,352 -2.0%

Median Price $140,000 0.1% $139,900 3.0% $63,000 -2.9% $64,900 -4.5%

New ListingsListings 4,091 25.9% 3,250 -11.7% 854 24.9% 684 -21.7%

Average Price $188,469 10.9% $170,012 1.3% 59,900 1.5% $59,000 -16.1%

Median Price $129,990 4.0% $125,000 -2.2% 68,613 2.1% $67,183 10.4%

Bank Owned Lis tings*Listings 1,479 -12.7% 1,695 -48.0% 340 -23.9% 447 -50.3%

Average Price $157,497 2.7% $153,295 8.9% $67,647 -0.7% $68,109 5.1%

Median Price $120,050 0.1% $119,900 1.8% $49,900 -9.1% $54,900 -14.7%

Short Sale ListingsListings 4,015 -9.2% 4,421 -38.9% 561 -12.5% 641 -55.4%

Average Price $156,805 1.3% $154,793 3.5% $63,560 -3.0% $65,554 -11.4%

Median Price $120,000 0.1% $119,900 -4.0% $57,000 -4.8% $59,900 -12.3%

Units SoldUnits Sold 2,919 -15.5% 3,456 16.3% 599 -16.6% 718 -3.5%Average Price $143,239 -2.9% $147,445 -8.6% $60,679 -3.9% $63,166 -11.9%Median Price $118,000 -1.7% $120,000 -5.6% $52,000 -5.5% $55,000 -13.9%Median $/Sq.ft $67 3.3% $65 -8.7% $51 3.2% $49 -11.8%Avg $/Sq.ft $64 -6.6% $68 -8.6% $48 -7.7% $52 -12.7%

DOMAverage 79.2 1.9% 77.7 5.2% 68.6 10.7% 62.0 -7.1%

Median 48.0 2.1% 47.0 -4.0% 38.0 0.0% 38.0 -30.9%

Coldwell Banker Premier Realty

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Sing le Fami ly Condominium/TH

The information and opinions in this report are believed to be reliable and has been obtained from sources believed to be reliable. Coldwe

Realty makes no representation as to the accuracy or completeness of such information.

The opinions expressed in the report constitute the judgment of the authors only and may not reflect t he opinion of Coldwell Banker Premreport is provided for i nformational purposes only and does not constitute investment advice.

This report may not be circulated or copied without our prior written consent.

Copyright 2012 Coldwell Banker Premier Realty.