Presents Statistics and Market Study Services Nevada

Presents

Statistics and Market Study

Services Nevada

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How to obtain the “Statistics You Must Know”

Log onto MLXchange to

begin your compilations

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Total Active Residential Listings

Select 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!

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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 months

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Here are the January, 2007 new listings taken

Here you can see there

were 7313 total listings

taken in January,

2007

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Now go to the same month for last year

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Here you will find the

corresponding information for

comparison.As you can see

there were 6839 total listings

taken in January, 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, Average Sales Price, Average days on the

market and # of listings taken for January, 2007

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Now do the same for the corresponding month last year

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Here are the same stats for last year

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Now go to Statistical reports in MLXchange

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Select Comp report, Summary by Bedrooms

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Make your selections for single family residential solds for the last 6 months

of 2006

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Here is Average Market Time and List Price vs. Sales price ratio for the last 6

months of 2006

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Let’s say you have a listing presentation in The Lakes, select

your search criteria to match

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This statistical report will show you the average sales price, the Days on the Market

and the list price/Sale Price ratio

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Or you want to do the entire SW part of the valley

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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!

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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 2007 = $372,046 2006 = $344,515 Difference of $27,531 % change = + 8%

Condominium Average 2007 = $236,113 2006 = $225,669 Difference of $10,414 % change = + 5%

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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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Now you will want to determine the statistics for the subdivision or area

you are dealing with

Let’s stick with Country

Rose

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Here are your results, so click results

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Once you see the list of your results, you will want to find out the stats

The first thing you will do is go to columns

and pull up the market recap by subdivision

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This search will show up

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Click on Search Criteria and Statistics at the bottom of the report

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You have the same statistics here on a smaller scale as are available in the annual

statistics function

Avg List Price

Avg Sales Price

Avg Days on Market

SP/LP ratio

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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!