August 2015 Greater Las Vegas Market Update FHA Greater Las … · 2015. 8. 10. · Total GLVAR: 8,239 ... Residential / Vertical Listing and Sales Report * July 2015 Listed Sold

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

August 2015 Greater Las Vegas Market Update

REO8%

Short Sales7%

Traditional Equity85%

July Closings by Type

Cash27%

Conv35%

FHA27%

VA9%

Other2%

July Closings by Sold Terms

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

Closed Sales Trend by Type

REO Short Traditional

2009 20112010 2012 2013 2014 2015

-

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

Available Units

Average List Price

Average LP/Sq Ft

Pending Units

July Sold Units

30 Day Absorption

Rate

Median Sold Price

Average Sold Price

Average SP/Sq Ft

Average DOM

REO: 277 236,947 115 297 253 91.3% 170,000 189,569 99 49

Short Sales: 799 222,803 107 1,887 225 28.2% 184,000 204,558 102 188Traditional: 7,163 454,903 150 3,613 2,698 37.7% 225,000 269,596 126 50

Total GLVAR: 8,239 425,079 145 5,797 3,176 38.5% 218,000 258,607 122 59

Greater Las Vegas Snapshot by Sale Type - SFR Only

This data includes all GLVAR listings and sales within the Greater Las Vegas market area; SFR

Available Units

Average List Price

Average LP/Sq Ft

Pending Units

July Sold Units

30 Day Absorption

Rate

Median Sold Price

Average Sold Price

Average SP/Sq Ft

Average DOM

REO 383 197,025 105 393 305 79.6% 155,000 168,957 93 49

Short Sales 985 199,255 103 2,263 265 26.9% 165,000 187,750 98 193Traditional 9,019 388,245 141 4,286 3,247 36.0% 209,888 243,948 121 52

Total GLVAR 10,387 363,276 136 6,942 3,817 36.7% 200,000 234,054 117 62

Greater Las Vegas Snapshot by Sale Type

This data includes all GLVAR listings and sales within the Greater Las Vegas market area; SFR, CON, TWH, MAN



0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

1749 2217 1985 1778 1397 983 2224 2608 2509 2931 2284 2063 1794

1740 2431 2038 1787

1407 1098

2288 2390 2591 3053

2639 1993 1965

2187

3460 3127

2521

1605 1478

2980 3175 3384

3534

2958 2537 2702

2413

3267 2957

2266

1381 1794

3198 2951 3084

3185

3049

2613 2753

2537

3204

3096

2556

1568 2026

3255 2884 3111

3413

3074

2824 2752

2505

3552

3318

2510

1476 2226

3785 3360 3629

3212

2964

2675 3056 2983

3397

3240

1996

1318

2592

3738 2948

3164 2887

2943

2633 3176

2923

3192

3331

2097

1316

2545

3229

2819

3706 3076

2930

2567

2803

2922

2985

1739

990

2783

3358

2806

3242 2666

2669

2375

2684

2604

2574

1689

974

2718

3535

2599

3118 2995

2636

2405

2803

2492

2441

1547

968

2183

3117

2777

3159 2661

2201

2031

2818

2522

2437

1644

879

2498

3420

3117

3456

2961

2379

2182

Single Family Residential ClosingsJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

442,862

496,023

549,092

420,512

455,106

190,837

269,462

0

100,000

200,000

300,000

400,000

500,000

600,000

Aug-

11

Sep-

11

Oct

-11

Nov

-11

Dec-

11

Jan-

12

Feb-

12

Mar

-12

Apr-1

2

May

-12

Jun-

12

Jul-1

2

Aug-

12

Sep-

12

Oct

-12

Nov

-12

Dec-

12

Jan-

13

Feb-

13

Mar

-13

Apr-1

3

May

-13

Jun-

13

Jul-1

3

Aug-

13

Sep-

13

Oct

-13

Nov

-13

Dec-

13

Jan-

14

Feb-

14

Mar

-14

Apr-1

4

May

-14

Jun-

14

Jul-1

4

Aug-

14

Sep-

14

Oct

-14

Nov

-14

Dec-

14

Jan-

15

Feb-

15

Mar

-15

Apr-1

5

May

-15

Jun-

15

Jul-1

5

Greater Las VegasSFR Average Equity Listing vs Sale Prices

Ave Available

Ave Listed Current Month

Ave Sold

Average Listing Price

in July was$312,108



3534 3176

0

500

1000

1500

2000

2500

3000

3500

4000

0

500

1000

1500

2000

2500

3000

Jan-

12 Feb

Mar

Apr

May Jun Jul

Aug Sep

Oct

Nov Dec

Jan-

13 Feb

Mar

Apr

May Jun Jul

Aug Sep

Oct

Nov Dec

Jan-

14 Feb

Mar

Apr

May Jun Jul

Aug Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

SFR Monthly Closings By Type

REO Short Sales Traditional Total Closings

0

20

40

60

80

100

120

140

160

$68

$122

S

P

/

S

q

F

t

Sales Price per Square Foot TrendSingle Family Residences


REO9%

Short Sales29%Classic

62%

GREATER LAS VEGAS - CLOSINGS BY TYPE - 2013

Cash

52%

Conv27%

FHA

14%

VA5%

Other2%

2013 Closings By Sold Terms


Cash38%

Conv32%

FHA21%

VA7%

Other2%


REO10%

Short Sales12%

Traditional

Equity78%

Greater Las Vegas - Closings By Type - 2014

Cash32%

Conv33%

FHA25%

VA8%

Other2%


REO9%

Short Sales8%


Greater Las Vegas - Closings By Type - 2015



SFRCon

TwnHi-Rise Total % Tot SFR

Con

TwnHi-Rise Total % Tot

$99,999 or Under 103 345 4 452 9% 103 257 - 360 9%

$100,000 - 119,999 82 101 1 184 4% 91 88 - 179 5%

$120,000 - 139,999 191 90 1 282 6% 146 64 5 215 6%

$140,000 - 159,999 317 70 6 393 8% 290 57 2 349 9%

$160,000 - 179,999 390 55 9 454 9% 344 40 2 386 10%

$180,000 - 199,999 384 31 4 419 8% 337 18 5 360 9%

$200,000 - 249,999 798 56 14 868 17% 676 37 7 720 19%

$250,000 - 299,999 598 15 16 629 13% 438 7 8 453 12%

$300,000 - 399,999 622 12 12 646 13% 424 6 8 438 11%

$400,000 - 499,999 268 3 14 285 6% 160 - 8 168 4%

$500,000 - 749,999 204 2 14 220 4% 98 1 9 108 3%

$750,000 - 999,999 62 - 7 69 1% 40 - 4 44 1%

$1,000,000 + 61 1 17 79 2% 28 - 1 29 1%

Totals 4,080 781 119 4,980 100% 3,175 575 59 3,809

Median Price 239,000 109,990 349,900 218,000 108,000 324,000

Average Price 299,064 130,996 600,347 258,607 116,336 392,411

Residential / Vertical Listing and Sales Report * July 2015

Listed Sold

SFRCon

TwnHi-Rise Total % Tot SFR

Con

TwnHi-Rise Total % Tot

$99,999 or Under 1,514 4,254 43 5,811 11% 1,182 2,988 17 4,187 11%

$100,000 - 119,999 1,297 1,089 28 2,414 5% 1,084 786 10 1,880 5%

$120,000 - 139,999 2,348 1,015 29 3,392 6% 1,902 685 11 2,598 7%

$140,000 - 159,999 3,646 811 39 4,496 8% 3,025 579 26 3,630 10%

$160,000 - 179,999 4,315 580 98 4,993 9% 3,496 366 59 3,921 11%

$180,000 - 199,999 3,967 299 95 4,361 8% 3,067 190 66 3,323 9%

$200,000 - 249,999 8,136 534 156 8,826 17% 5,990 341 75 6,406 17%

$250,000 - 299,999 5,659 182 183 6,024 11% 3,788 98 74 3,960 11%

$300,000 - 399,999 6,055 96 276 6,427 12% 3,612 36 129 3,777 10%

$400,000 - 499,999 2,441 31 175 2,647 5% 1,305 12 66 1,383 4%

$500,000 - 749,999 2,075 24 171 2,270 4% 864 12 65 941 3%

$750,000 - 999,999 623 2 91 716 1% 255 1 29 285 1%

$1,000,000 + 756 2 169 927 2% 253 - 69 322 1%

Totals 42,832 8,919 1,553 53,304 100% 29,823 6,094 696 36,613 100%

Median Price 229,000 105,900 349,900 208,000 100,000 311,000

Average Price 298,557 115,121 569,975 248,741 113,716 484,137

Listed

Residential / Vertical Listing and Sales Report * Rolling 12 Months * Ending July 2015

Sold



Available

Sold -

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Single Family Residences (SFR)

0

1000

2000

3000

4000

5000

6000

7000

8000

Residential Listings Taken vs Listings Sold

Sold

Listed



Available Units

Average List Price

Pending Units

July Sold Units

30 Day Absorption

Rate

YTD Sold

Units

YTD Average

Sold Price

YTD Average

SP/Sq Ft

YTD Average

DOM

REO: 3 2,446,633 - - -

Short Sales: 4 1,360,000 8 1 25.0% 5 1,300,000 243 151

Equity: 478 2,688,553 58 38 7.9% 212 1,689,439 366 119

Total GLVAR: 485 2,676,099 66 39 8.0% 217 1,683,645 362 120

Greater Las Vegas Luxury Homes - $1,000,000 and Over

This data included all GLVAR listings and sales within the Greater Las Vegas market area: RES, VER

0

50

100

150

200

250

300

350

2012 2013 2014 2015

8 25 20 19

14

25 20 28 15

28 30

36

19

33 29

35

11

35

26

28

19

33

36

39

20

27

20

32

20

23

25

8

31

28

10

31

26

17

22

23

17

28

26

Greater Las Vegas Luxury Sales$1,000,000 and Over

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan



0

5

10

15

20

25

30

35

40

8

1415

19

11

1920 20

8

10

17 17

25 25

28

33

35

33

27

23

31 31

22

28

20 20

3029

26

36

20

25

28

26

23

26

19

28

3635

28

39

32

Greater Las Vegas Luxury Sales$1,000,000 and Over

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Jan-

12

Feb-

12

Mar

-12

Apr-1

2

May

-12

Jun-

12

Jul-1

2

Aug-

12

Sep-

12

Oct-1

2

Nov-

12

Dec-

12

Jan-

13

Feb-

13

Mar

-13

Apr-1

3

May

-13

Jun-

13

Jul-1

3

Aug-

13

Sep-

13

Oct-1

3

Nov-

13

Dec-

13

Jan-

14

Feb-

14

Mar

-14

Apr-1

4

May

-14

Jun-

14

Jul-1

4

Aug-

14

Sep-

14

Oct-1

4

Nov-

14

Dec-

14

Jan-

15

Feb-

15

Mar

-15

Apr-1

5

May

-15

Jun-

15

Jul-1

5

Greater Las Vegas Luxury Sales1,000,000 and Over

Median & Average Prices by Month

Median Average


Equity Title of Nevada (702) 432-1111

www.equitynv.com


YTD Closed 2014 YTD Closed 2015 Units Change % Change

21,429 22,277 848 4.0%

Available

Sold -

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Single Family Residences (SFR)

REO8%

Short Sales7%


July Closings by Type

Cash27%

Conv35%

FHA27%

VA9%

Other2%

July Closings by Sold Terms

Area

Total

Currently

Listed

REO

Listed

SS

Listed

Classic

ListedSold % Sold

Months

Supply

Average

List Price

Average

Close

Price

Avg

DOM

North (101, 103) 80 5 9 66 25 31% 3.2 103,320 109,916 79

East (201-204) 243 13 28 202 55 23% 4.4 74,523 67,310 82

South (301-303) 337 15 31 291 98 29% 3.4 104,452 96,593 75

NW (102, 401-403, 405) 371 24 38 309 121 33% 3.1 101,315 101,374 86

Summerlin (404) 85 3 5 77 20 24% 4.3 215,714 186,295 61

SW (501-505) 433 14 35 384 145 33% 3.0 132,982 131,999 50

Henderson 269 7 28 234 99 37% 2.7 182,084 145,647 67

Boulder City 21 0 0 21 1 5% 21.0 205,714 120,000 13

RES Totals 1839 81 174 1584 564 31% 3.3 124,187 116,289 70

Hi-Rise Condos 630 4 13 613 61 10% 10.3 726,353 389,610 85

Condominium & Townhouse - July 2015

Area

Total

Currently

Listed

REO

Listed

SS

Listed

Classic

ListedSold % Sold

Months

Supply

Average

List Price

Average

Close

Price

Avg

DOM

North (101, 103) 797 32 164 601 402 50% 2.0 208,615 189,740 56

East (201-204) 652 31 105 213 285 44% 2.3 185,933 145,570 60

South (301-303) 630 23 64 543 277 44% 2.3 296,641 217,601 54

NW (102, 401-403, 405) 1414 55 161 1198 675 48% 2.1 347,117 238,786 58

Summerlin (404) 433 9 23 401 156 36% 2.8 731,432 381,761 53

SW (501-505) 2017 55 147 1815 721 36% 2.8 539,163 301,540 59

Henderson 1474 51 115 1308 532 36% 2.8 577,304 326,591 62

Boulder City 76 2 1 73 21 28% 3.6 647,406 383,657 117

Clark County Totals 7,493 258 780 6,152 3,069 41% 2.4 436,295 260,015 58

Nye / Pahrump 223 15 7 201 44 20% 5.1 242,115 185,062 99

Single Family Residence - July 2015

Documents

August 2015 Greater Las Vegas Market Update FHA Greater Las … · 2015. 8. 10. · Total GLVAR: 8,239 ... Residential / Vertical Listing and Sales Report * July 2015 Listed Sold