SFR Market Prices Greater Las Vegas Snapshot by Sale Type...Greater Las Vegas Snapshot by Sale Type This data includes all GLVAR listings and sales within the Greater Las Vegas market

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

September 2016 Greater Las Vegas Market Update

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 8,131 5,295 3,102 299,900 452,559 235,000 269,222 2.6 38.2% 46

CON/TWH/MAN 1,339 1,049 688 119,900 145,900 115,000 125,301 1.9 51.4% 50

Total Residential 9,470 6,344 3,790 234,900 298,401 210,000 243,786 2.5 40.0% 55

Hi-Rise 616 128 71 419,894 765,903 238,000 383,359 8.7 11.5% 83

Multiple Dwelling 165 76 33 215,000 234,288 195,000 187,618 5.0 20.0% 84

Vacant Land 2,571 103 61 60,000 261,123 33,500 86,735 42.1 2.4% 204

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+

541 71 217 1,795,000 2,636,479 1,500,000 1,836,828 18 5.7% 128

Greater Las Vegas Snapshot by Sale Type

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

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Greater Las Vegas SFR Closings with Trend Line

-

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

<250K64%

250-450k30%

450-750k5%

750k+1%

CLOSED UNITS BY PRICE POINT

<250K44%

250-450k39%

450-750k10%

750k+7%

CLOSED VOLUME BY PRICE POINT



2012 2013 2014 2015 2016

2931 2284 2068 1793 1885

3053 2639 2008 1966 2117

3534 2958

2537 2706 2799

3185

3049 2613 2753 2870

3413

3074

2823 2751 3068

3212

2964

2675 3056 3273

2887

2943

2642 3178 2838

3076

2930

2568 2867

3102

2666

2669

2379 2720

2995

2636

2417 2441

2661

2201

2031 1977

2961

2379

2227

2691

SINGLE FAMILY RESIDENTIAL CLOSINGS

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

2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6

600 479 461 408 429

680

529 461 437 516

775

609 506 562

647

674

649

544 624

651

657

810

565 557

657

656

678

549 582

716

613

691

613 575

610

612

595

544 555

688

570

586

546 512

603

565

497 532

543

493

410 434

586

521

443 544

CONDO / TOWNHOME CLOSINGS




Mar Apr May June July Aug Sparklines

Ave

Days to

Sell

Aliante 30 32 32 37 30 25 42

Anthem 30 28 46 51 39 50 66

Centennial Hills 35 29 38 36 36 43 32

Desert/South Shores 17 15 12 25 26 16 64

Green Valley 47 38 55 54 58 62 41

Green Valley Ranch 16 16 11 25 21 23 45

Inspirada 12 10 7 19 15 16 42

Iron Mountain Ranch 19 11 15 12 13 20 25

Mountains Edge 69 72 74 100 74 86 49

Peccole Ranch 8 13 9 21 8 15 52

Providence 45 40 38 54 49 44 35

Red Rock Country Club 5 3 7 8 6 6 78

Rhodes Ranch 25 20 20 31 12 33 60

Seven Hills 12 19 26 20 12 18 86

Silverado Ranch 40 45 43 46 47 58 33

Southern Highlands 37 41 43 55 33 49 32

Spring Valley 18 18 27 31 23 29 46

Summerlin 107 90 120 117 121 135 46

Sun City Anthem 27 33 42 33 38 23 64

Sun City Summerlin 27 29 48 31 26 31 55

The Lakes 38 24 16 18 23 18 49

Other Groups

Boulder City 13 21 18 10 20 14 103

Pahrump/Nye 38 31 52 44 23 49 99

High Rise Sales 63 57 81 81 75 71 83

SFR Closed Sales in Selected Communities - Last Six Months

Mar Apr May June July AugustPrice

Movement

Aliante 264,984 284,053 268,507 285,639 286,138 280,228

Anthem 523,947 425,810 508,135 449,663 537,666 433,923

Centennial Hills 291,552 263,346 285,885 306,425 300,377 282,167

Desert/South Shores 290,494 368,533 394,217 313,270 314,877 349,975

Green Valley 295,158 307,989 302,884 384,449 339,097 348,041

Green Valley Ranch 334,813 310,439 355,455 380,269 351,679 367,509

Inspirada 327,323 368,001 404,825 339,372 358,525 311,934

Iron Mountain Ranch 245,384 267,573 256,688 321,167 291,646 265,413

Mountains Edge 270,249 276,650 282,323 289,114 285,225 281,998

Peccole Ranch 302,125 262,369 283,028 292,852 302,988 292,467

Providence 246,144 255,943 279,918 258,516 264,701 254,451

Red Rock Country Club 882,500 780,833 860,129 1,049,300 940,583 867,625

Rhodes Ranch 315,505 310,964 331,592 322,222 309,033 342,684

Seven Hills 463,533 551,147 533,200 515,070 493,333 700,528

Silverado Ranch 243,994 234,881 266,447 249,540 233,725 272,502

Southern Highlands 327,223 339,749 422,379 369,603 346,345 329,227

Spring Valley 228,250 239,856 245,454 259,978 245,061 235,183

Summerlin 454,968 352,151 446,947 517,483 486,015 432,249

Sun City Anthem 386,456 374,733 360,633 365,164 336,300 358,453

Sun City Summerlin 302,020 277,831 301,221 333,545 283,129 292,884

The Lakes 322,052 314,408 367,633 274,542 270,599 301,697

Other Groups

Boulder City 310,100 378,679 293,761 289,100 347,757 262,343

Pahrump/Nye 185,472 204,546 178,653 175,226 205,187 186,952

High Rise Sales 446,713 343,950 350,787 333,669 365,648 383,359

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



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



0

100

200

300

400

500

600

700

800

900

2012 2013 2014 2015 2016

60 58 37 40 45

61 63 49 53 54

79 74

50 92 63

65 86

56

63 57

64 83

60

56 81

75

70

50

55 82

69 62

58

61 75

59 58

53

51

71

62 56

61

53

70 53

56

56

68 45

45

77

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 19

11

35

26

27

36

19

33

36

35 35

20

27

20

29 25

20

23

25

25 26

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

Apr-

06

Jul-0

6

Oct

-06

Jan-

07

Apr-

07

Jul-0

7

Oct

-07

Jan-

08

Apr-

08

Jul-0

8

Oct

-08

Jan-

09

Apr-

09

Jul-0

9

Oct

-09

Jan-

10

Apr-

10

Jul-1

0

Oct

-10

Jan-

11

Apr-

11

Jul-1

1

Oct

-11

Jan-

12

Apr-

12

Jul-1

2

Oct

-12

Jan-

13

Apr-

13

Jul-1

3

Oct

-13

Jan-

14

Apr-

14

Jul-1

4

Oct

-14

Jan-

15

Apr-

15

Jul-1

5

Oct

-15

Jan-

16

Apr-

16

Jul-1

6

Uni

ts

Closed Units By Price Point

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

0

50

100

150

200

250

Jan-

06

Apr

-06

Jul-0

6

Oct

-06

Jan-

07

Apr

-07

Jul-0

7

Oct

-07

Jan-

08

Apr

-08

Jul-0

8

Oct

-08

Jan-

09

Apr

-09

Jul-0

9

Oct

-09

Jan-

10

Apr

-10

Jul-1

0

Oct

-10

Jan-

11

Apr

-11

Jul-1

1

Oct

-11

Jan-

12

Apr

-12

Jul-1

2

Oct

-12

Jan-

13

Apr

-13

Jul-1

3

Oct

-13

Jan-

14

Apr

-14

Jul-1

4

Oct

-14

Jan-

15

Apr

-15

Jul-1

5

Oct

-15

Jan-

16

Apr

-16

Jul-1

6

Uni

ts


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


Equity Title of Nevada (702) 432-1111

www.equitynv.com


Mar Apr May June July AugustPrice

Movement

Aliante 264,984 284,053 268,507 285,639 286,138 280,228

Anthem 523,947 425,810 508,135 449,663 537,666 433,923

Centennial Hills 291,552 263,346 285,885 306,425 300,377 282,167

Desert/South Shores 290,494 368,533 394,217 313,270 314,877 349,975

Green Valley 295,158 307,989 302,884 384,449 339,097 348,041

Green Valley Ranch 334,813 310,439 355,455 380,269 351,679 367,509

Inspirada 327,323 368,001 404,825 339,372 358,525 311,934

Iron Mountain Ranch 245,384 267,573 256,688 321,167 291,646 265,413

Mountains Edge 270,249 276,650 282,323 289,114 285,225 281,998

Peccole Ranch 302,125 262,369 283,028 292,852 302,988 292,467

Providence 246,144 255,943 279,918 258,516 264,701 254,451

Red Rock Country Club 882,500 780,833 860,129 1,049,300 940,583 867,625

Rhodes Ranch 315,505 310,964 331,592 322,222 309,033 342,684

Seven Hills 463,533 551,147 533,200 515,070 493,333 700,528

Silverado Ranch 243,994 234,881 266,447 249,540 233,725 272,502

Southern Highlands 327,223 339,749 422,379 369,603 346,345 329,227

Spring Valley 228,250 239,856 245,454 259,978 245,061 235,183

Summerlin 454,968 352,151 446,947 517,483 486,015 432,249

Sun City Anthem 386,456 374,733 360,633 365,164 336,300 358,453

Sun City Summerlin 302,020 277,831 301,221 333,545 283,129 292,884

The Lakes 322,052 314,408 367,633 274,542 270,599 301,697

Other Groups

Boulder City 310,100 378,679 293,761 289,100 347,757 262,343

Pahrump/Nye 185,472 204,546 178,653 175,226 205,187 186,952

High Rise Sales 446,713 343,950 350,787 333,669 365,648 383,359

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

Available

Sold -

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Single Family Residences (SFR)

YTD Closed 2015 YTD Closed 2016 Units Change % Change

25,758 27,321 1,563 6.1%

REO6% Short Sales

4%

Traditional Equity90%

Last Month's Closings by Type

Cash26%

Conv36%

FHA26%

VA10%

Other

2%

Last Month's Closings by Sold Terms

0

500

1000

1500

2000

2500

3000

Jan-

06

Apr-

06

Jul-0

6

Oct

-06

Jan-

07

Apr-

07

Jul-0

7

Oct

-07

Jan-

08

Apr-

08

Jul-0

8

Oct

-08

Jan-

09

Apr-

09

Jul-0

9

Oct

-09

Jan-

10

Apr-

10

Jul-1

0

Oct

-10

Jan-

11

Apr-

11

Jul-1

1

Oct

-11

Jan-

12

Apr-

12

Jul-1

2

Oct

-12

Jan-

13

Apr-

13

Jul-1

3

Oct

-13

Jan-

14

Apr-

14

Jul-1

4

Oct

-14

Jan-

15

Apr-

15

Jul-1

5

Oct

-15

Jan-

16

Apr-

16

Jul-1

6

Uni

ts


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

0

50

100

150

200

250

Jan-

06

Apr-

06

Jul-0

6

Oct

-06

Jan-

07

Apr-

07

Jul-0

7

Oct

-07

Jan-

08

Apr-

08

Jul-0

8

Oct

-08

Jan-

09

Apr-

09

Jul-0

9

Oct

-09

Jan-

10

Apr-

10

Jul-1

0

Oct

-10

Jan-

11

Apr-

11

Jul-1

1

Oct

-11

Jan-

12

Apr-

12

Jul-1

2

Oct

-12

Jan-

13

Apr-

13

Jul-1

3

Oct

-13

Jan-

14

Apr-

14

Jul-1

4

Oct

-14

Jan-

15

Apr-

15

Jul-1

5

Oct

-15

Jan-

16

Apr-

16

Jul-1

6

Uni

ts


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

Documents

SFR Market Prices Greater Las Vegas Snapshot by Sale Type...Greater Las Vegas Snapshot by Sale Type This data includes all GLVAR listings and sales within the Greater Las Vegas market