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Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
May 2020 Greater Las Vegas Market Update
Listings
Taken
Available
Units
Pending
Units
Closed
Units
Median List
Price
Average List
Price
Median Sold
Price
Average Sold
Price
Months
of
Inventory
30 Day
Absorption
Rate
Average
DOM
SFR 2,640 6,450 2,746 1,974 365,000 572,230 310,000 361,326 3.3 30.6% 38
CON/TWH 661 1,885 543 441 184,000 215,371 180,250 192,171 4.3 23.4% 39
Total Residential 3,301 8,335 3,289 2,415 234,900 298,401 210,000 243,786 3.5 29.0% 55
Hi-Rise 77 536 48 17 372,500 684,983 320,000 401,782 33.5 3.2% 60
Multiple Dwelling 30 84 33 27 335,000 346,748 340,000 329,854 3.1 32.1% 36
Vacant Land 154 2,554 137 60 69,700 345,564 24,000 52,729 42.6 2.3% 260
Listings Taken
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+
95 589 77 168 1,870,000 2,562,487 1,352,500 1,713,974 19 9.5% 105
Last Month's Production Snapshot
This data includes all LVR listings and sales within the Greater Las Vegas market area.
<250K31%
250-400K51%
400-700K15%
700K+3%
Closed Units by Price Point
<250K18%
250-400K48%
400-700K23%
700K+11%
CLOSED VOLUME BY PRICE POINT
164,739
428,817
361,326
132,000
310,000
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
SFR Market PricesAverage Median
-0.1%
-8.5%
8.4%
29.4%
10.9%
7.4%
4.9%
11.1%
13.6%
5.6%
2.6%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020YTD
SFR Average Price and Year Over Year Percent Change
Ave Pct Change
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
May 2020 Greater Las Vegas Market Update
Single Family Residence
6,450 77%
CON/TWH1,885 22%
Hi-Rise77 1%
Multiple Dwelling, 30
Las Vegas REALTORS Available Units
Single Family Residence
1,974 79%
CON/TWH
441 18%
Hi-Rise48 2%
Multiple Dwelling. 33 . 1%
Las Vegas REALTORS Units Sold * Last Month
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
May 2020 Greater Las Vegas Market Update
185,042
261,350
384,525
145,301
337,003
100,000
150,000
200,000
250,000
300,000
350,000
400,000
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
Jul-1
6
Oct
-16
Jan-
17
Apr
-17
Jul-1
7
Oct
-17
Jan-
18
Apr
-18
Jul-1
8
Oct
-18
Jan-
19
Apr
-19
Jul-1
9
Oct
-19
Jan-
20
Apr
-20
Greater Las VegasSFR Average List vs Closed Sale Prices
R12 Ave Listed
R12 Ave Sold
"R12 Ave" is a Rolling 12 Month Average of the Prices
This chart is based on SFR listings with a
List Under $1,000,000
The Index is based on the Percentage of SFR listings
that have been on the market for more than 45 days
Average Over Pricing is $47,552
< 45 DOM283844%
46 - 60 DOM96315%
61 - 90 DOM96315%
91 - 120 DOM472, 8%
> 120 DOM116518%
Available SFR InventoryDays on Market With No Current Offer
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
May 2020 Greater Las Vegas Market Update
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
2016 2017 2018 2019 2020
1885 2150 2266 1830 2293
2117 2263 2134 1975
2480
2799 3210 3167
2627 2764
2870 2870 2882
2877 1974
3068 3525 3147
3293
3273
3677 3272
2902
2838
3141 3190
3180
3114
3308 3092
3180
2935
2922
2439
2753
2624
2974
2695 2910
2606
2602
2300 2416
2720
2627
2152 2617
SINGLE FAMILY RESIDENTIAL CLOSINGS
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0
429 531 554 484 590
516 567 578 542
622
647 711 739
640 715
651 663 694
755 441
657
785 751 768
716
796 827 724
610
656 770
730
688
732
814
770 615
658
569
686 572
665 652
674 580
609 567
541 688
586 518
607
CONDO / TOWNHOME CLOSINGS
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
May 2020 Greater Las Vegas Market Update
0
100
200
300
400
500
600
700
800
900
1,000
2016 2017 2018 2019 2020
45 51 64 47 55
54 70
78 48
64
63
93 90
63 58
57
77 86
69 17
81
82 86
69
82
101 94
44
75
92 90
45
71
83 92
69
77
62 65
54
48
94 85
64
72
80 61
57
93
85 56
63
Vertical / Hi-Rise Closings
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
0
100
200
300
400
500
600
2016 2017 2018 2019 2020
17 19 25 30 47 24 25 51 31
46 32 45
46 50
58
19 27
37 46
35
36
56
44 74
35
45
58 51
25
44
43 49
26
35
62 54
23
35
28
44
24
40
40
52
36
39
30
51
28
46
37
62
Greater Las Vegas Luxury Sales$1,000,000 and Over
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
May 2020 Greater Las Vegas Market Update
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Supply vs Demand - Single Family Residential
Available Supply
Closed Sales Demand
2.4
4.6
3.3
-
1.0
2.0
3.0
4.0
5.0
6.0
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
Jul-1
6
Oct
-16
Jan-
17
Apr
-17
Jul-1
7
Oct
-17
Jan-
18
Apr
-18
Jul-1
8
Oct
-18
Jan-
19
Apr
-19
Jul-1
9
Oct
-19
Jan-
20
Apr
-19
Single Family Residential HomesMonths of Inventory
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
May 2020 Greater Las Vegas Market Update
NOV DEC2020
JanFEB MAR APR Sparklines
Months of
Inventory
Ave SP
Last 6
Months
Ave
Days to
Sell
Aliante 15 21 30 20 17 14 4 349,496 47
Anthem 8 10 4 8 6 2 12 417,702 18
Centennial Hills 27 33 18 23 31 21 3 410,205 11
Desert/South Shores 11 18 9 13 15 15 4 396,741 67
Green Valley 53 41 40 37 40 25 3 409,955 23
Green Valley Ranch 11 14 8 17 20 7 4 457,084 12
Inspirada 13 26 18 19 19 19 3 461,240 44
Iron Mountain Ranch 14 9 10 11 8 4 4 369,243 43
Lake Las Vegas 6 10 8 13 17 6 16 738,957 140
Lone Mountain 7 15 10 7 11 5 5 358,067 21
MacDonald Highlands 4 1 1 3 1 0 N/A 1,988,195 N/A
Mountains Edge 54 81 59 51 75 43 3 357,470 26
Peccole Ranch 7 7 13 11 12 10 2 364,117 13
Providence 36 28 29 35 46 29 3 337,017 29
Red Rock Cntry Club 5 2 6 7 8 1 N/A 1,198,560 43
Rhodes Ranch 16 18 15 10 18 16 6 400,847 43
Seven Hills 12 18 14 15 9 12 6 663,932 46
Siena (SFR & TWH) 12 13 9 11 6 4 9 447,103 22
Silverado Ranch 27 40 32 36 28 17 4 331,723 15
Silverstone Ranch 4 14 3 5 11 6 3 388,132 10
Skye Canyon 7 11 6 7 7 5 5 424,679 27
Southern Highlands 45 45 30 36 47 31 6 592,555 47
Spring Valley 22 22 23 16 12 6 11 330,763 15
Summerlin 51 51 47 61 50 37 6 587,594 48
Sun City Anthem 37 26 25 34 43 25 4 448,987 44
Sun City Summerlin 34 34 25 39 48 25 3 374,912 32
The Lakes 14 17 11 25 16 14 4 443,474 43
The Ridges 7 6 1 3 6 3 18 2,941,186 24
Other Groups
Boulder City 14 15 23 18 20 11 8 435,846 86
Pahrump/Nye 48 44 43 48 45 47 5 262,512 73
High Rise Sales 57 63 55 64 58 17 37 561,169 60
Luxury Sales ($1M+) 51 62 47 46 58 35 19 1,805,799 102
SFR Closed Sales in Selected Communities - Last Six Months
November December2020
JanuaryFebruary March Aoril
Price
Movement
Aliante 380,880 318,712 351,647 359,977 358,935 331,000
Anthem 396,111 445,990 473,750 359,550 472,083 320,000
Centennial Hills 355,637 405,442 423,083 490,582 395,774 410,078
Desert/South Shores 415,576 392,961 396,667 378,808 439,827 359,967
Green Valley 433,530 405,956 373,975 392,858 441,108 399,559
Green Valley Ranch 441,227 440,121 599,000 419,619 457,295 444,127
Inspirada 479,360 459,053 461,775 486,097 449,453 438,260
Iron Mountain Ranch 312,007 452,778 383,050 364,636 339,750 418,750
Lake Las Vegas 956,667 786,685 608,125 669,620 733,119 782,917
Lone Mountain 270,286 391,367 390,590 320,543 342,591 402,600
MacDonald Highlands 2,105,950 852,000 975,000 2,818,717 1,175,000 N/A
Mountains Edge 358,172 360,618 341,217 363,024 362,568 357,480
Peccole Ranch 331,614 365,786 382,038 391,477 354,375 344,000
Providence 328,008 337,725 312,903 344,021 348,601 344,803
Red Rock Country Club 1,122,000 1,680,000 1,499,000 977,357 1,094,094 1,200,000
Rhodes Ranch 383,616 416,201 422,660 370,480 397,477 403,125
Seven Hills 476,617 842,758 727,214 638,823 645,556 554,346
Siena (SFR & TWH) 474,358 497,915 395,167 388,727 483,500 423,000
Silverado Ranch 298,767 352,370 344,013 325,642 317,198 349,147
Silverstone Ranch 337,225 373,057 481,333 433,200 384,545 379,667
Skye Canyon 443,317 387,225 419,426 398,051 473,571 456,120
Southern Highlands 572,121 597,149 505,506 618,251 643,088 593,336
Spring Valley 351,060 319,145 318,248 330,712 336,583 335,417
Summerlin 514,656 596,952 517,186 585,507 682,811 639,435
Sun City Anthem 439,763 431,631 411,076 477,529 461,258 458,676
Sun City Summerlin 351,153 363,608 383,520 375,339 397,240 370,452
The Lakes 366,094 357,862 362,000 445,068 664,113 433,821
The Ridges 3,306,071 3,119,000 1,415,000 2,239,000 3,051,223 2,725,000
Other Groups
Boulder City 346,186 540,428 488,594 377,506 376,506 500,409
Pahrump/Nye 273,532 260,657 246,139 251,540 270,698 271,339
High Rise Sales 683,666 652,268 449,009 457,422 609,384 401,782
Luxury Sales ($1M+) 1,957,887 1,964,480 1,544,400 1,804,804 1,806,522 1,654,224
SFR Closed Average Sales Prices in Selected Communities - Last Six Months