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
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
September 2016 Greater Las Vegas Market Update
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
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
September 2016 Greater Las Vegas Market Update
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
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
September 2016 Greater Las Vegas Market Update
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
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
September 2016 Greater Las Vegas Market Update
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
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
September 2016 Greater Las Vegas Market Update
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
Closed Units By Price Point
500-750K 750K-1M 1M+
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Equity Title of Nevada (702) 432-1111
www.equitynv.com
September 2016 Greater Las Vegas Market Update
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
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
Closed Units By Price Point
500-750K 750K-1M 1M+