September 2015 Greater Las Vegas Market Update FHA Greater … · 2015. 9. 6. · Total GLVAR: 8,521 417,552 144 5,333 2,865 33.6% 220,000 262,215 124 59 Greater Las Vegas Snapshot

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

September 2015 Greater Las Vegas Market Update

Cash28%

Conv34%

FHA27%

VA9%

Other2%

August Closings by Sold Terms

REO7%

Short Sales6%

Traditional Equity87%

August Closings by Type

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

-

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

August Sold Units

30 Day Absorption

Rate

Median Sold Price

Average Sold Price

Average SP/Sq Ft

Average DOM

REO: 309 225,627 108 269 190 61.5% 178,200 198,210 104 60

Short Sales: 788 226,702 107 1,801 188 23.9% 175,250 195,344 100 188Traditional: 7,424 445,798 149 3,263 2,487 33.5% 226,900 272,266 127 49

Total GLVAR: 8,521 417,552 144 5,333 2,865 33.6% 220,000 262,215 124 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

August Sold Units

30 Day Absorption

Rate

Median Sold Price

Average Sold Price

Average SP/Sq Ft

Average DOM

REO 409 192,115 100 350 254 62.1% 152,450 166,996 94 57

Short Sales 976 202,670 103 2,166 215 22.0% 168,800 183,195 97 187Traditional 9,242 383,462 140 3,943 3,007 32.5% 207,000 245,742 122 50

Total GLVAR 10,627 359,507 135 6,459 3,476 32.7% 200,000 236,119 118 59

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



442,862

496,023

549,092

420,512

445,767

190,837

272,266

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

Average Listing Price

in August was$316,441

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 2865

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



3534 2865

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

Aug

SFR Monthly Closings By Type

REO Short Sales Traditional Total Closings

0

20

40

60

80

100

120

140

160

$68

$124

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

Cash30%

Conv33%

FHA26%

VA9%

Other2%


REO9%

Short Sales7%


Greater Las Vegas - Closings By Type - 2015



SFRCon

TwnHi-Rise Total % Tot SFR

Con

TwnHi-Rise Total % Tot

$99,999 or Under 101 288 7 396 8% 78 258 - 336 10%

$100,000 - 119,999 87 93 - 180 4% 81 68 1 150 4%

$120,000 - 139,999 171 91 3 265 6% 151 62 1 214 6%

$140,000 - 159,999 288 82 7 377 8% 240 63 4 307 9%

$160,000 - 179,999 321 61 2 384 8% 292 39 4 335 10%

$180,000 - 199,999 374 43 5 422 9% 326 24 1 351 10%

$200,000 - 249,999 726 41 10 777 17% 600 30 6 636 18%

$250,000 - 299,999 596 18 8 622 13% 395 3 10 408 12%

$300,000 - 399,999 576 9 23 608 13% 418 5 9 432 12%

$400,000 - 499,999 256 2 22 280 6% 157 1 5 163 5%

$500,000 - 749,999 213 3 14 230 5% 84 2 7 93 3%

$750,000 - 999,999 48 - 10 58 1% 18 - 1 19 1%

$1,000,000 + 62 - 14 76 2% 25 - 2 27 1%

Totals 3,819 731 125 4,675 100% 2,865 555 51 3,471

Median Price 240,000 118,000 399,000 220,000 104,500 295,000

Average Price 303,828 128,169 591,111 262,215 116,698 461,895

Residential / Vertical Listing and Sales Report * August 2015

Listed Sold

SFRCon

TwnHi-Rise Total % Tot SFR

Con

TwnHi-Rise Total % Tot

$99,999 or Under 1,488 4,167 45 5,700 11% 1,158 2,993 15 4,166 11%

$100,000 - 119,999 1,279 1,102 24 2,405 4% 1,052 792 11 1,855 5%

$120,000 - 139,999 2,301 1,014 29 3,344 6% 1,869 694 12 2,575 7%

$140,000 - 159,999 3,610 833 49 4,492 8% 2,988 592 24 3,604 10%

$160,000 - 179,999 4,208 590 91 4,889 9% 3,471 387 58 3,916 11%

$180,000 - 199,999 4,046 322 93 4,461 8% 3,135 194 62 3,391 9%

$200,000 - 249,999 8,187 535 157 8,879 17% 6,105 339 72 6,516 18%

$250,000 - 299,999 5,778 175 189 6,142 11% 3,890 95 82 4,067 11%

$300,000 - 399,999 6,109 96 273 6,478 12% 3,723 38 127 3,888 11%

$400,000 - 499,999 2,508 32 185 2,725 5% 1,358 13 66 1,437 4%

$500,000 - 749,999 2,111 24 181 2,316 4% 870 13 68 951 3%

$750,000 - 999,999 616 2 92 710 1% 249 - 27 276 1%

$1,000,000 + 750 2 175 927 2% 254 - 70 324 1%

Totals 42,991 8,894 1,583 53,468 100% 30,122 6,150 694 36,966 100%

Median Price 229,900 108,000 350,000 210,000 101,000 315,000

Average Price 299,617 122,350 574,767 249,845 113,981 493,621

Listed

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

August Sold Units

30 Day Absorption

Rate

YTD Sold

Units

YTD Average

Sold Price

YTD Average

SP/Sq Ft

YTD Average

DOM

REO: 2 1,847,450 2 - -

Short Sales: 3 2,166,667 8 - 0.0% 5 1,300,000 243 151

Equity: 452 2,778,010 55 27 6.0% 239 1,726,055 360 123

Total GLVAR: 457 2,769,925 65 27 5.9% 244 1,720,152 357 124

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

27

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

27

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

Aug-

15

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


Area

Total

Currently

Listed

REO

Listed

SS

Listed

Classic

ListedSold % Sold

Months

Supply

Average

List Price

Average

Close

Price

Avg

DOM

North (101, 103) 851 47 166 638 356 42% 2.4 210,489 194,388 52

East (201-204) 694 38 110 213 262 38% 2.6 181,899 153,363 70

South (301-303) 657 24 69 564 264 40% 2.5 305,562 225,979 46

NW (102, 401-403, 405) 1522 60 154 1308 612 40% 2.5 340,333 237,017 52

Summerlin (404) 426 8 19 399 133 31% 3.2 780,720 398,777 66

SW (501-505) 2076 56 150 1870 618 30% 3.4 529,461 317,181 63

Henderson 1477 46 97 1334 511 35% 2.9 571,954 313,308 56

Boulder City 77 3 4 70 13 17% 5.9 644,024 346,846 171

Clark County Totals 7,780 282 769 6,396 2,769 36% 2.8 430,619 262,824 58

Nye / Pahrump 232 15 9 208 35 15% 6.6 247,250 206,821 101

Single Family Residence - August 2015

Area

Total

Currently

Listed

REO

Listed

Classic

ListedSold % Sold

Months

Supply

Average

List Price

Average

Close

Price

Avg

DOM

North (101, 103) 72 1 11 60 16 22% 4.5 102,098 98,339 55

East (201-204) 220 12 25 183 55 25% 4.0 73,008 65,462 91

South (301-303) 325 14 29 282 94 29% 3.5 110,199 100,698 65

NW (102, 401-403, 405) 367 18 47 302 149 41% 2.5 101,121 103,353 56

Summerlin (404) 68 3 2 63 32 47% 2.1 215,909 199,440 60

SW (501-505) 435 16 36 383 117 27% 3.7 130,606 130,545 51

Henderson 261 9 25 227 85 33% 3.1 183,216 140,293 55

Boulder City 22 0 0 22 6 27% 3.7 212,631 184,563 18

RES Totals 1770 73 175 1522 554 31% 3.2 124,481 116,836 59

Hi-Rise Condos 599 6 7 586 51 9% 11.7 720,280 461,895 135

Condominium & Townhouse - August 2015

YTD Closed 2014 YTD Closed 2015 Units Change % Change

24,552 25,756 1,204 4.9%

Available

Sold -

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Single Family Residences (SFR)

REO7%

Short Sales6%


August Closings by Type

Cash28%

Conv34%

FHA27%

VA9%

Other2%

August Closings by Sold Terms

Documents

September 2015 Greater Las Vegas Market Update FHA Greater … · 2015. 9. 6. · Total GLVAR: 8,521 417,552 144 5,333 2,865 33.6% 220,000 262,215 124 59 Greater Las Vegas Snapshot