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Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
Available Units
Pending Units
Last Month's
Sold Units
Median List Price
Average List Price
Median Sold Price
Average Sold Price
Monthsof
Inventory
30 Day Absorption
Rate
Average DOM
SFR 7,955 5,662 2,833 250,000 314,692 236,000 275,885 2.8 35.6% 50
CON/TWH/MAN 1,618 1,266 662 119,900 133,655 110,000 120,344 2.4 40.9% 62
Total Residential 9,573 6,928 3,495 234,900 298,401 210,000 243,786 2.7 36.5% 55
Hi-Rise 643 136 75 366,900 674,279 238,000 367,413 8.6 11.7% 89
Multiple Dwelling 145 90 32 232,500 251,417 190,000 195,208 4.5 22.1% 59
Vacant Land 2,542 94 37 62,500 258,456 54,750 131,432 68.7 1.5% 216
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+
539 80 25 1,425,888 2,017,520 1,475,000 2,164,000 18 4.6% 130
Greater Las Vegas Snapshot by Sale Type
This data includes all GLVAR listings and sales within the Greater Las Vegas market area.
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
<250K64%
250-450k30%
450-750k5%
750k+1%
CLOSED UNITS BY PRICE POINT
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
<250K43%
250-450k38%
450-750k12%
750k+7%
CLOSED VOLUME BY PRICE POINT
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
Cash26%
Conv36%
FHA28%
VA9%
Other1%
Last Month's Closings by Sold Terms
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 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
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
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
2833
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
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
Feb Mar Apr May June July Trendline
Ave
Days to
Sell
Aliante 20 30 32 32 37 30 35
Anthem 18 30 28 46 51 39 74
Boulder City 15 13 21 18 10 20 128
Centennial Hills 20 35 29 38 36 36 26
Desert/South Shores 16 17 15 12 25 26 55
Green Valley 41 47 38 55 54 58 44
Green Valley Ranch 16 16 16 11 25 21 40
High Rise Sales 54 63 57 81 81 75 89
Iron Mountain Ranch 9 19 11 15 12 13 33
Mountains Edge 51 69 72 74 100 74 60
Pahrump/Nye 29 38 31 52 44 23 54
Peccole Ranch 14 8 13 9 21 8 54
Providence 28 45 40 38 54 49 33
Red Rock Country Club 6 5 3 7 8 6 89
Rhodes Ranch 20 25 20 20 31 12 82
Seven Hills 10 12 19 26 20 12 62
Silverado Ranch 31 40 45 43 46 47 34
Southern Highlands 32 37 41 43 55 33 79
Spring Valley 15 18 18 27 31 23 31
Summerlin 73 107 90 120 117 121 57
Sun City Anthem 16 27 33 42 33 38 70
Sun City Summerlin 26 27 29 48 31 26 57
The Lakes 16 38 24 16 18 23 59
SFR Closed Sales in Selected Communities - Last Six Months
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
Feb Mar Apr May June JulyPrice
Movement
Aliante 257,950 264,984 284,053 268,507 285,639 286,138
Anthem 407,272 523,947 425,810 508,135 449,663 537,666
Boulder City 304,327 310,100 378,679 293,761 289,100 347,757
Centennial Hills 272,554 291,552 263,346 285,885 306,425 300,377
Desert/South Shores 269,659 290,494 368,533 394,217 313,270 314,877
Green Valley 319,624 295,158 307,989 302,884 384,449 339,097
Green Valley Ranch 335,038 334,813 310,439 355,455 380,269 351,679
High Rise Sales 503,586 446,713 343,950 350,787 333,669 367,413
Iron Mountain Ranch 236,656 245,384 267,573 256,688 321,167 291,646
Mountains Edge 293,958 270,249 276,650 282,323 289,114 285,225
Pahrump/Nye 173,383 185,472 204,546 178,653 175,226 205,187
Peccole Ranch 281,964 302,125 262,369 283,028 292,852 302,988
Providence 239,476 246,144 255,943 279,918 258,516 264,701
Red Rock Country Club 1,550,833 882,500 780,833 860,129 1,049,300 940,583
Rhodes Ranch 309,360 315,505 310,964 331,592 322,222 309,033
Seven Hills 478,550 463,533 551,147 533,200 515,070 493,333
Silverado Ranch 249,789 243,994 234,881 266,447 249,540 233,725
Southern Highlands 382,009 327,223 339,749 422,379 369,603 346,345
Spring Valley 227,753 228,250 239,856 245,454 259,978 245,061
Summerlin 408,957 454,968 352,151 446,947 517,483 486,015
Sun City Anthem 324,868 386,456 374,733 360,633 365,164 336,300
Sun City Summerlin 269,021 302,020 277,831 301,221 333,545 283,129
The Lakes 388,994 322,052 314,408 367,633 274,542 270,599
SFR Closed Average Sales Prices in Selected Communities - Last Six Months
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
442,862
496,023549,092
420,512
486,980
325,090
190,837
284,471
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
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
Available
Sold -
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Single Family Residences (SFR)
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
0
1000
2000
3000
4000
5000
6000
7000
8000
Residential Listings Taken vs Listings Sold
Sold
Listed
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
2009 2010 2011 2012 2013 2014 2015 2016
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
716
864 725
799
613
691
613 575
609
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
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
Las Vegas Market Update - August 2016
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 82
74
69
62
58
61
75
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
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
Las Vegas Market Update - August 2016
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 25
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
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
Las Vegas Market Update - August 2016
0
500
1000
1500
2000
2500
3000
Jan
-06
Mar
-06
May
-06
Jul-
06
Sep
-06
No
v-0
6
Jan
-07
Mar
-07
May
-07
Jul-
07
Sep
-07
No
v-0
7
Jan
-08
Mar
-08
May
-08
Jul-
08
Sep
-08
No
v-0
8
Jan
-09
Mar
-09
May
-09
Jul-
09
Sep
-09
No
v-0
9
Jan
-10
Mar
-10
May
-10
Jul-
10
Sep
-10
No
v-1
0
Jan
-11
Mar
-11
May
-11
Jul-
11
Sep
-11
No
v-1
1
Jan
-12
Mar
-12
May
-12
Jul-
12
Sep
-12
No
v-1
2
Jan
-13
Mar
-13
May
-13
Jul-
13
Sep
-13
No
v-1
3
Jan
-14
Mar
-14
May
-14
Jul-
14
Sep
-14
No
v-1
4
Jan
-15
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Un
its
Closed Units By Price Point
0-100K 100-250K 250-500K
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
0
50
100
150
200
250
Jan-
06
Apr-0
6
Jul-0
6
Oct
-06
Jan-
07
Apr-0
7
Jul-0
7
Oct
-07
Jan-
08
Apr-0
8
Jul-0
8
Oct
-08
Jan-
09
Apr-0
9
Jul-0
9
Oct
-09
Jan-
10
Apr-1
0
Jul-1
0
Oct
-10
Jan-
11
Apr-1
1
Jul-1
1
Oct
-11
Jan-
12
Apr-1
2
Jul-1
2
Oct
-12
Jan-
13
Apr-1
3
Jul-1
3
Oct
-13
Jan-
14
Apr-1
4
Jul-1
4
Oct
-14
Jan-
15
Apr-1
5
Jul-1
5
Oct
-15
Jan-
16
Apr-1
6
Jul-1
6
Uni
ts
Closed Units By Price Point
500-750K 750K-1M 1M+
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-
06
Apr-0
6
Jul-0
6
Oct
-06
Jan-
07
Apr-0
7
Jul-0
7
Oct
-07
Jan-
08
Apr-0
8
Jul-0
8
Oct
-08
Jan-
09
Apr-0
9
Jul-0
9
Oct
-09
Jan-
10
Apr-1
0
Jul-1
0
Oct
-10
Jan-
11
Apr-1
1
Jul-1
1
Oct
-11
Jan-
12
Apr-1
2
Jul-1
2
Oct
-12
Jan-
13
Apr-1
3
Jul-1
3
Oct
-13
Jan-
14
Apr-1
4
Jul-1
4
Oct
-14
Jan-
15
Apr-1
5
Jul-1
5
Oct
-15
Jan-
16
Apr-1
6
Jul-1
6
Closed Units By Price Point
0-100K 100-250K 250-500K
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
0
50
100
150
200
250
300
350
400
Jan-
06
Apr-0
6
Jul-0
6
Oct
-06
Jan-
07
Apr-0
7
Jul-0
7
Oct
-07
Jan-
08
Apr-0
8
Jul-0
8
Oct
-08
Jan-
09
Apr-0
9
Jul-0
9
Oct
-09
Jan-
10
Apr-1
0
Jul-1
0
Oct
-10
Jan-
11
Apr-1
1
Jul-1
1
Oct
-11
Jan-
12
Apr-1
2
Jul-1
2
Oct
-12
Jan-
13
Apr-1
3
Jul-1
3
Oct
-13
Jan-
14
Apr-1
4
Jul-1
4
Oct
-14
Jan-
15
Apr-1
5
Jul-1
5
Oct
-15
Jan-
16
Apr-1
6
Jul-1
6
Closed Units By Price Point
500-750K 750K-1M 1M+
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
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
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2016
REO6.2%
Short Sales5.7%
Traditional Equity88.2%
Last Month's Closings by Type
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