greater las vegas snapshot by sale typeaug sep oct nov dec jan 2018 sparklines months of inventory...

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

February 2018 Greater Las Vegas Market Update

148,729

182,419

250,313

308,264

265,000

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

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

Single Family Residential Price Trend

Average Median

308,264

265,000

-

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

<250K39%

250-400K31%

400-700K28%

700K+2%

Closed Units by Price Point

<250K33%

250-400K40%

400-700K18%

700K+9%

CLOSED VOLUME BY PRICE POINT

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 4,127 3,802 2,259 357,750 597,183 265,000 308,264 1.8 54.7% 42

CON/TWH 726 916 551 165,000 204,396 149,888 158,463 1.3 75.9% 36

Total Residential 4,853 4,718 2,810 234,900 298,401 210,000 243,786 1.7 57.9% 55

Hi-Rise 366 120 64 418,700 735,471 344,950 533,857 6.7 17.5% 92

Multiple Dwelling 63 70 36 295,000 325,822 255,000 247,208 1.8 57.1% 40

Vacant Land 2,243 173 107 65,000 316,190 39,900 110,569 21.0 4.8% 236

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+

416 100 26 1,785,000 2,767,389 1,494,444 1,895,827 19 0.9% 136

Greater Las Vegas Snapshot by Sale Type

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



397,706

383,256 388,030

340,748

357,844

310,000

320,000

330,000

340,000

350,000

360,000

370,000

380,000

390,000

400,000

410,000

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

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 $30,186

79,115

158,047

64,073

144,908

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

Jan-

12

Mar

-12

May

-12

Jul-

12

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-

13

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-

14

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-

15

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-

16

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-

17

Sep-

17

Nov

-17

Jan-

18

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 $13,139



Aug Sep Oct Nov DecJan

2018Sparklines

Months of

Inventory

Ave

Days

to Sell

Aliante 38 20 28 21 25 23 2 35

Anthem 21 16 24 17 24 12 4 49

Centennial Hills 45 50 24 26 29 21 2 26

Desert/South Shores 24 18 26 15 23 10 4 37

Green Valley 46 55 53 36 43 42 2 39

Green Valley Ranch 23 16 9 22 11 10 3 63

Inspirada 19 20 30 11 11 13 3 73

Iron Mountain Ranch 10 9 12 10 9 9 2 29

Mountains Edge 88 66 85 56 57 48 2 43

Peccole Ranch 19 15 16 14 13 9 2 49

Providence 46 58 47 38 41 30 2 30

Red Rock Country Club 5 6 10 5 4 4 4 110

Rhodes Ranch 37 22 30 23 24 17 5 35

Seven Hills 30 21 15 9 20 17 3 51

Siena (SFR & TWH) 14 5 11 9 11 16 4 84

Silverado Ranch 55 57 43 39 33 31 2 37

Southern Highlands 52 50 48 38 47 32 4 54

Spring Valley 25 22 26 33 24 24 2 38

Summerlin 84 75 60 61 50 40 4 57

Sun City Anthem 33 27 33 31 28 25 3 80

Sun City Summerlin 30 38 40 40 34 29 2 54

The Lakes 23 18 13 19 15 14 3 57

Other Groups

Boulder City 24 10 25 16 16 13 5 64

Pahrump/Nye 52 46 46 36 51 50 3 100

High Rise Sales 83 62 94 80 85 64 7 92

Luxury Sales ($1M+) 35 35 40 39 46 26 19 136

SFR Closed Sales in Selected Communities - Last Six Months

August September October November DecemberJanuary

2018

Price

Movement

Aliante 310,232 297,970 298,046 310,467 309,216 317,300

Anthem 429,744 354,869 396,720 420,553 426,513 427,833

Centennial Hills 306,646 318,094 314,457 319,050 374,963 311,114

Desert/South Shores 344,808 334,978 370,112 364,983 340,648 310,989

Green Valley 329,148 320,454 323,157 331,959 346,885 370,512

Green Valley Ranch 397,109 395,131 413,322 345,750 306,973 434,200

Inspirada 402,236 378,027 396,205 424,470 425,231 440,511

Iron Mountain Ranch 261,200 254,517 297,917 279,095 338,722 261,822

Mountains Edge 308,652 307,175 315,382 294,820 311,618 311,822

Peccole Ranch 314,018 317,054 311,856 310,538 324,485 335,722

Providence 278,317 300,281 292,129 289,771 291,317 299,256

Red Rock Country Club 762,422 1,091,833 1,075,697 1,075,697 1,216,250 1,100,000

Rhodes Ranch 341,593 337,922 362,050 391,000 358,663 349,829

Seven Hills 581,771 671,752 561,544 825,667 578,995 639,641

Siena 394,048 381,700 448,364 402,403 427,000 461,750

Silverado Ranch 280,259 286,963 280,914 280,416 253,261 293,097

Southern Highlands 507,001 493,038 599,998 586,131 486,636 517,648

Spring Valley 269,825 303,803 272,999 297,754 267,680 276,010

Summerlin 483,146 523,376 507,260 501,881 469,434 517,523

Sun City Anthem 417,615 464,163 397,145 432,765 410,725 416,893

Sun City Summerlin 303,061 364,874 318,167 320,911 324,766 335,193

The Lakes 316,965 328,594 324,838 329,957 345,387 467,114

Other Groups

Boulder City 350,817 314,800 380,471 300,425 444,616 344,154

Pahrump/Nye 210,060 201,380 212,572 219,212 218,016 206,323

High Rise Sales 427,496 475,613 362,476 480,586 625,043 533,857

Luxury Sales ($1M+) 1,487,683 1,882,257 2,063,120 1,875,544 1,940,647 1,895,827

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



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

2068 1793 1885 2150 2259

2008 1966 2117 2263

2537 2706 2799 3210

2613 2753 2870 2870

2823 2751 3068

3525 2675 3056

3273

3677 2642 3178

2838

3141 2568

2867 3114

3308

2379

2720 2935

2922

2417

2441

2624

2974

2031

1977

2606

2602

2227

2691

2720

2627

SINGLE FAMILY RESIDENTIAL CLOSINGS

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

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

461 408 429 531 551

461 437 516 567

506 562 647

711

544 624 651

663 565 557

657

785 549 582

716

796

613 575

610

656

544 555

688

732

546 512

615

658

497 532

572

665

410 434

580

609

443 544

688

586

CONDO / TOWNHOME CLOSINGS




0

100

200

300

400

500

600

700

800

900

1,000

2014 2015 2016 2017 2018

37 40 45 51 64 49 53 54 70 50

92 63

93 56

63 57

77 60

56 81

82

50

55 82

101

58

61 75

92

53

51

71

83

61

53

77

62

56

56

48

94

45

77

72

80

61

77

93

85

Vertical / Hi-Rise Closings


0

50

100

150

200

250

300

350

400

450

500

2014 2015 2016 2017 2018

20 18 17 19 26 20 26 24 25

30 34 32 45

27 32

19 27 26

27 36

56 36 35

35

45

20 29

25

44

25

25 26

35

27

27 23

35

24

26 24

40

19

33 36

39

26

27 28

46

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




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)

0

1000

2000

3000

4000

5000

6000

Residential Listings Taken vs Listings Sold

Sold

Listed



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

Uni

ts

Closed Units By Price Point

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

0

50

100

150

200

250

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

Uni

ts

Closed Units By Price Point

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


Equity Title of Nevada (702) 432-1111

www.equitynv.com


Aug Sep Oct Nov DecJan

2018Sparklines

Months of

Inventory

Ave

Days

to Sell

Aliante 38 20 28 21 25 23 2 35

Anthem 21 16 24 17 24 12 4 49

Centennial Hills 45 50 24 26 29 21 2 26

Desert/South Shores 24 18 26 15 23 10 4 37

Green Valley 46 55 53 36 43 42 2 39

Green Valley Ranch 23 16 9 22 11 10 3 63

Inspirada 19 20 30 11 11 13 3 73

Iron Mountain Ranch 10 9 12 10 9 9 2 29

Mountains Edge 88 66 85 56 57 48 2 43

Peccole Ranch 19 15 16 14 13 9 2 49

Providence 46 58 47 38 41 30 2 30

Red Rock Country Club 5 6 10 5 4 4 4 110

Rhodes Ranch 37 22 30 23 24 17 5 35

Seven Hills 30 21 15 9 20 17 3 51

Siena (SFR & TWH) 14 5 11 9 11 16 4 84

Silverado Ranch 55 57 43 39 33 31 2 37

Southern Highlands 52 50 48 38 47 32 4 54

Spring Valley 25 22 26 33 24 24 2 38

Summerlin 84 75 60 61 50 40 4 57

Sun City Anthem 33 27 33 31 28 25 3 80

Sun City Summerlin 30 38 40 40 34 29 2 54

The Lakes 23 18 13 19 15 14 3 57

Other Groups

Boulder City 24 10 25 16 16 13 5 64

Pahrump/Nye 52 46 46 36 51 50 3 100

High Rise Sales 83 62 94 80 85 64 7 92

Luxury Sales ($1M+) 35 35 40 39 46 26 19 136

SFR Closed Sales in Selected Communities - Last Six Months

<250K39%

250-400K31%

400-700K28%

700K+2%

Closed Units by Price Point

<250K33%

250-400K40%

400-700K18%

700K+9%

CLOSED VOLUME BY PRICE POINT

REO1.7%

Short Sales2.8%

Traditional Equity95.5%

Last Month's Closings by Type

Cash30%

Conv44%

FHA16%

VA9%

Other1%

Last Month's Closings by Sold Terms

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)

YTD Closed 2017 YTD Closed 2018 Units Change % Change

2,830 2,972 142 5.0%

greater las vegas snapshot by sale typeaug sep oct nov dec jan 2018 sparklines months of inventory...

Documents