Greater Las Vegas Snapshot by Sale Type · 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

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.



<250K64%

250-450k30%

450-750k5%

750k+1%

CLOSED UNITS BY PRICE POINT



<250K43%

250-450k38%

450-750k12%

750k+7%

CLOSED VOLUME BY PRICE POINT



Cash26%

Conv36%

FHA28%

VA9%

Other1%

Last Month's Closings by Sold Terms



-

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



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



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



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



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



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



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




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




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




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



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


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



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


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



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


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



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



REO6.2%

Short Sales5.7%

Traditional Equity88.2%

Last Month's Closings by Type

Documents

Greater Las Vegas Snapshot by Sale Type · 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