Greater Las Vegas Snapshot by Sale Type · 2018-08-06 · Inventory Absorption Rate Average DOM Luxury Sales (RES & VER) $1M+ 493 97 304 1,717,931 2,566,996 1,365,000 1,772,318 13

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

Las Vegas Market Update - August 2018

Available

Units

Pending

Units

Last

Month's

Sold

Units

Median List

Price

Average

List Price

Median

Sold Price

Average

Sold Price

Months

of

Inventory

30 Day

Absorption

Rate

Average

DOM

SFR 5,294 3,980 3,185 375,000 579,953 290,000 332,409 1.7 60.2% 28

CON/TWH 998 981 768 169,900 200,419 165,500 176,956 1.3 77.0% 26

Total Residential 6,292 4,961 3,953 234,900 298,401 210,000 243,786 1.6 62.8% 55

Hi-Rise 358 136 90 450,000 806,627 337,500 445,687 5.0 25.1% 74

Multiple Dwelling 94 60 27 304,950 356,722 280,000 273,548 3.5 28.7% 28

Vacant Land 2,297 184 93 70,000 349,652 41,000 133,456 24.7 4.0% 170

Available

Units

Pending

Units

YTD

Sold

Units

Median List

Price

Average

List Price

Median

Sold Price

Average

Sold Price

Months

of

Inventory

Absorption

Rate

Average

DOM

Luxury Sales

(RES & VER)

$1M+

493 97 304 1,717,931 2,566,996 1,365,000 1,772,318 13 8.8% 95

Greater Las Vegas Snapshot by Sale Type

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



396,627

383,102

421,353

339,552

361,670

300,000

320,000

340,000

360,000

380,000

400,000

420,000

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-1

4

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-1

5

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-1

6

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-1

7

Sep-

17

Nov

-17

Jan-

18

Mar

-18

May

-18

Jul-1

8

Greater Las VegasSFR Average List vs Closed Sale Prices

R12 Ave Available R12 Ave Sold

"R12 Ave" is a Rolling 12 Month Average of the Prices

This chart is based on SFR listings with a

List Price between $250,000 and $1,000,000

The Index is based on the Percentage of SFR listings

that have been on the market for more than 30 days

Average Over Pricing is $59,683



78,328

185,409

63,302

162,299

50,000

70,000

90,000

110,000

130,000

150,000

170,000

190,000

210,000

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-1

4

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-1

5

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-1

6

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-1

7

Sep-

17

Nov

-17

Jan-

18

Mar

-18

May

-18

Jul-1

8

Greater Las VegasCON/TWN Average Original List vs Closed Sale Prices

R12 Ave Original List R12 Ave Sold

"R12 Ave" is a Rolling 12 Month Average of the Prices

This chart is based on Condo/Townhome listings with an

Original List Price below $1,000,000

The Index is based on the Percentage of CON/TWN listings

that have been on the market for more than 30 days

Average Over Pricing is $23,110



2018

FebMar Apr May Jun Jul Sparklines

Months of

Inventory

Ave

Days

to Sell

Aliante 17 32 29 27 32 36 2 26

Anthem 12 23 19 19 23 17 3 41

Centennial Hills 20 35 30 31 32 38 2 17

Desert/South Shores 21 21 23 29 18 20 3 27

Green Valley 35 61 40 51 66 48 2 31

Green Valley Ranch 17 20 17 28 22 16 2 30

Inspirada 13 26 37 23 17 15 3 28

Iron Mountain Ranch 7 11 11 17 15 16 2 23

Lake Las Vegas 4 6 10 6 15 9 3 122

Mountains Edge 51 80 71 80 85 68 2 17

Peccole Ranch 10 19 13 14 18 14 2 23

Providence 38 43 39 51 62 45 2 15

Red Rock Country Club 7 10 6 12 10 8 5 84

Rhodes Ranch 11 26 24 37 24 20 4 26

Seven Hills 17 16 15 14 12 13 4 40

Siena (SFR & TWH) 14 26 15 14 18 14 3 59

Silverado Ranch 26 34 50 46 46 39 1 28

Silverstone Ranch 7 7 9 15 7 9 2 42

Southern Highlands 38 37 51 60 50 64 2 31

Spring Valley 16 18 35 38 35 25 3 26

Summerlin 39 67 70 74 67 66 3 34

Sun City Anthem 26 35 40 44 41 26 3 40

Sun City Summerlin 44 40 30 29 46 22 2 32

The Lakes 15 19 18 12 16 27 2 24

Other Groups

Boulder City 10 23 17 28 16 14 5 33

Pahrump/Nye 47 52 55 53 67 53 3 65

High Rise Sales 78 90 86 86 94 90 5 74

Luxury Sales ($1M+) 51 46 37 44 58 43 13 135

SFR Closed Sales in Selected Communities - Last Six Months



2018

FebruaryMarch April May June July

Price

Movement

Aliante 312,141 334,667 363,514 365,232 348,232 355,022

Anthem 379,942 415,641 421,192 409,711 445,121 419,112

Centennial Hills 331,323 314,114 364,592 355,383 403,452 378,616

Desert/South Shores 410,630 362,829 368,498 399,475 379,572 394,915

Green Valley 412,891 345,843 396,085 405,947 386,645 398,525

Green Valley Ranch 404,971 405,496 430,253 426,800 462,195 483,688

Inspirada 371,935 403,043 430,503 377,319 365,781 407,929

Iron Mountain Ranch 261,500 302,590 345,460 366,794 354,693 318,688

Lake Las Vegas 535,233 668,129 572,333 619,066 633,102 630,034

Mountains Edge 313,489 315,927 327,945 340,102 336,342 328,815

Peccole Ranch 330,199 341,184 323,697 354,171 343,500 368,618

Providence 307,628 310,823 320,107 310,865 323,126 318,862

Red Rock Country Club 1,490,000 1,348,300 728,333 1,068,869 1,015,350 984,999

Rhodes Ranch 364,715 388,861 447,280 376,308 405,343 345,392

Seven Hills 647,618 601,784 465,900 472,293 424,783 830,068

Siena 495,855 445,654 550,445 429,357 416,450 387,350

Silverado Ranch 301,917 302,435 300,152 325,191 313,562 320,123

Silverstone Ranch 309,000 337,929 326,333 356,273 398,143 377,878

Southern Highlands 819,786 442,603 419,301 514,529 430,605 476,798

Spring Valley 267,094 262,417 293,308 308,978 305,216 341,512

Summerlin 455,992 845,897 547,365 489,646 590,523 526,277

Sun City Anthem 416,823 390,997 428,486 416,116 416,866 432,846

Sun City Summerlin 302,522 371,135 326,915 372,425 348,213 373,707

The Lakes 372,950 344,394 340,556 441,667 520,750 374,970

Other Groups

Boulder City 364,350 316,278 384,282 443,557 339,867 369,814

Pahrump/Nye 214,400 212,194 251,978 252,549 241,070 243,171

High Rise Sales 665,591 431,462 413,419 352,070 513,808 445,687

Luxury Sales ($1M+) 1,975,000 2,073,490 1,664,883 1,546,106 1,665,994 1,621,640

SFR Closed Average Sales Prices in Selected Communities - Last Six Months



2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 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 2 0 1 7 2 0 1 8

779 1117 1340 1749 2217 1985 1778 1397 983 2224 2608 2509 2931 2284 2068 1793 1885 2150 2266 937

1213 1281 1740

2431 2038 1787

1407 1098

2288 2390 2591

3053 2639

2008 1966 2117 2263 2134 1431

1602 1656

2187

3460 3127

2521

1605 1478

2980 3175 3384

3534

2958

2537 2706 2799 3210 3167

1164 1616

1828

2413

3267

2957

2266

1381 1794

3198 2951 3084

3185

3049

2613 2753 2870 2870 2882

1303

1838 2089

2537

3204

3096

2556

1568 2026

3255 2884 3111

3413

3074

2823 2751 3068

3525 3147

1345

1852 2041

2505

3552

3318

2510

1476 2226

3785 3360 3629

3212

2964

2675 3056 3273

3677 3272

1384

1776

2160

2983

3397

3240

1996

1318

2592

3738 2948

3164 2887

2943

2642 3178

2838

3141 3185

1572

1924

2183

2923

3192

3331

2097

1316

2545

3229

2819

3706 3076

2930

2568 2867

3114

3308

1325

1427

1919

2803

2922

2985

1739

990

2783

3358

2806

3242 2666

2669

2379

2720 2935

2922

1332

1656

2084

2684

2604

2574

1689

974

2718

3535

2599

3118 2995

2636

2417

2441

2624

2974

1229

1317

1865

2803

2492

2441

1547

968

2183

3117

2777

3159 2661

2201

2031

1977

2606

2602

1205

1466

1935

2818

2522

2437

1644

879

2498

3420

3117

3456

2961

2379

2227

2691

2720

2627

SINGLE FAMILY RESIDENTIAL CLOSINGS

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec



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 2 0 1 7 2 0 1 8

440 594 621 600 479 461 408 429 531 554

442 623 691 680

529 461 437 516 567 578

604

728 846 775

609 506 562

647 711 739

727

710 742

674

649 544 624

651 663 694

737

690

789 657

810

565 557

657

785 751

917

824

843

656

678

549 582

716

796 825

864 725

799

613 691

613 575

610

656 769

810 742

919

612 595

544 555

688

732

859 703

800

570 586

546 512

615

658

850 708

704

603 565

497 532

572

665

726 674

674

543

493

410 434

580

609

776 805

718

586

521

443 544

688

586

CONDO / TOWNHOME CLOSINGS




2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8

84 60 58

37 40 45 51 64

89

61 63

49 53 54 70

78

86

79 74

50

92 63

93 90

76

65 86

56

63

57

77 86

91

64 83

60

56 81

82

86

68

75

70

50

55 82

101

94

74

69

62

58

61

75

92 90

68

59 58

53

51

71

83

66

62 56

61

53

77

62

59

70 53

56

56

48

94

50

68 45

45

77

72

80 76

77

44

61

77

93

85

Vertical / Hi -Rise Closings




0

50

100

150

200

250

300

350

400

450

500

2012 2013 2014 2015 2016 2017 2018

8 25 20 18 17 19 25 14

25 20 26 24 25

51

15

28 30 34 32

45

46

19

33 27

32 19

27

37

11

35

26 27

36

56

44

19

33

36 35

35

45

58

20

27

20

29 25

44

43

20

23

25

25 26

35

8

31

27

27 23

35

10

31

24

26 24

40

17

22

19

33 36

39

17

28

26

27 28

46

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




-

10

20

30

40

50

60

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-1

4

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-1

5

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-1

6

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-1

7

Sep-

17

Nov

-17

Jan-

18

Mar

-18

May

-18

Jul-1

8

53

16

21

24

31 29

21

14

11

19

13

Luxury Market - $1,000,000 and OverMonths of Inventory



428,817

332,409

290,000

-

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



148,729

182,419

250,313

332,409

290,000

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-1

4

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-1

5

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-1

6

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-1

7

Sep-

17

Nov

-17

Jan-

18

Mar

-18

May

-18

Jul-1

8

Single Family Residential Price Trend

Average Median



-30.3%

-0.8%

-8.5%

8.4%

29.4%

10.9%

7.4%

4.9%

11.1% 11.7%

-40.0%

-30.0%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018-YTD

SFR Average Price and Year Over Year Percent Change

Ave Pct Change



REO1%

Short Sales2%

Traditional Equity97%

Last Month's Closings by Type



<250K40%

250-400K45%

400-700K13%

700K+2%

Closed Units by Price Point



<250K25%

250-400K46%

400-700K21%

700K+8%

CLOSED VOLUME BY PRICE POINT



Cash23%

Conv56%

FHA12%

VA8%

Other2%

Last Month's Closings by Sold Terms



Cash30%

Conv49%

FHA15%

VA4%

Other2%

Closings By Sold TermsClosings Less Than $250,000



Cash17%

Conv58%

FHA13%

VA10%

Other1%

Closings By Sold TermsClosings Between $250,000 and $400,000



Cash18%

Conv72%

FHA0%

VA9%

Other1%

Closings By Sold TermsClosings Between $400,000 and $700,000



Available

Sold

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

Single Family Residences (SFR)

Supply vs Demand



4.6

1.6

-

1.0

2.0

3.0

4.0

5.0

6.0

Jul-0

9

Sep-

09

Nov

-09

Jan-

10

Mar

-10

May

-10

Jul-1

0

Sep-

10

Nov

-10

Jan-

11

Mar

-11

May

-11

Jul-1

1

Sep-

11

Nov

-11

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-1

4

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-1

5

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-1

6

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-1

7

Sep-

17

Nov

-17

Jan-

18

Mar

-18

May

-18

Jul-1

8

Single Family Residential HomesMonths of Inventory



0

1000

2000

3000

4000

5000

6000

Residential Listings Taken vs Listings Sold

Sold



0

500

1000

1500

2000

2500

3000

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Sep-

16

Jan-

17

May

-17

Sep-

17

Jan-

18

May

-18

Units

Closed Units By Price Point

0-100K 100-250K 250-500K



0

50

100

150

200

250

300

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Sep-

16

Jan-

17

May

-17

Sep-

17

Jan-

18

May

-18

Unit

s

Closed Units By Price Point

500-750K 750K-1M 1M+



-1000

0

1000

2000

3000

4000

5000

Residential Closed Units Trend by Price Point0-250K 250-750K 0-250K Trend 250-750K Trend

Documents

Greater Las Vegas Snapshot by Sale Type · 2018-08-06 · Inventory Absorption Rate Average DOM Luxury Sales (RES & VER) $1M+ 493 97 304 1,717,931 2,566,996 1,365,000 1,772,318 13