Available Units Pending Units Las Vegas Market Update - August 2018 Greater Las Vegas Snapshot by Sale Type 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 5,294 3,980 3,185 375,000 579,953 290,000 332,409 1.7 60.2% 28 CON/TWH 998 981 768 169,900 200,419 165,500 176,956 1.3 77.0% 26 Total Residential 6,292 4,961 3,953 234,900 298,401 210,000 243,786 1.6 62.8% 55 Hi-Rise 358 136 90 450,000 806,627 337,500 445,687 5.0 25.1% 74 Multiple Dwelling 94 60 27 304,950 356,722 280,000 273,548 3.5 28.7% 28 Vacant Land 2,297 184 93 70,000 349,652 41,000 133,456 24.7 4.0% 170 YTD Months Available Pending Median List Average Median Average Absorption Average Sold of Units Units Price List Price Sold Price Sold Price Rate DOM Units Inventory Luxury Sales (RES & VER) $1M+ 493 97 304 1,717,931 2,566,996 1,365,000 1,772,318 13 8.8% 95 This data includes all GLVAR listings and sales within the Greater Las Vegas market area.
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 Mar-18 May-18 Jul-18 420,000 Las Vegas Market Update - August 2018 Greater Las Vegas SFR Average List vs Closed Sale Prices R12 Ave Available R12 Ave Sold 421,353 400,000 396,627 383,102 380,000 Average Over Pricing is $59,683 361,670 360,000 339,552 340,000 320,000 300,000 "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
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 Mar-18 May-18 Jul-18 Las Vegas Market Update - August 2018 Greater Las Vegas CON/TWN Average Original List vs Closed Sale Prices 210,000 R12 Ave Original List R12 Ave Sold 190,000 185,409 170,000 162,299 150,000 Average Over Pricing is $23,110 130,000 110,000 90,000 70,000 78,328 63,302 "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 50,000
SFR Closed Sales in Selected Communities - Last Six M onths Ave 2018 Months of Mar Apr May Jun Jul Sparklines Days Feb Inventory to Sell Aliant e 17 32 29 27 32 36 2 26 Ant hem 12 23 19 19 23 17 3 41 Cent ennial Hills 20 35 30 31 32 38 2 17 Desert /Sout h Shores 21 21 23 29 18 20 3 27 Green Valley 35 61 40 51 66 48 2 31 Green Valley Ranch 17 20 17 28 22 16 2 30 Inspirada 13 26 37 23 17 15 3 28 Iron Mount ain Ranch 7 11 11 17 15 16 2 23 Lake Las Vegas 4 6 10 6 15 9 3 122 Mount ains Edge 51 80 71 80 85 68 2 17 Peccole Ranch 10 19 13 14 18 14 2 23 Providence 38 43 39 51 62 45 2 15 Red Rock Count ry Club 7 10 6 12 10 8 5 84 Rhodes Ranch 11 26 24 37 24 20 4 26 Seven Hills 17 16 15 14 12 13 4 40 Siena (SFR & TWH) 14 26 15 14 18 14 3 59 Silverado Ranch 26 34 50 46 46 39 1 28 Silverst one Ranch 7 7 9 15 7 9 2 42 Sout hern Highlands 38 37 51 60 50 64 2 31 Spring Valley 16 18 35 38 35 25 3 26 Summerlin 39 67 70 74 67 66 3 34 Sun Cit y Ant hem 26 35 40 44 41 26 3 40 Sun Cit y Summerlin 44 40 30 29 46 22 2 32 The Lakes 15 19 18 12 16 27 2 24 Ot her Groups Boulder Cit y 10 23 17 28 16 14 5 33 Pahrump/Ny e 47 52 55 53 67 53 3 65 High Rise Sales 78 90 86 86 94 90 5 74 Luxury Sales ($1M+) 51 46 37 44 58 43 13 135
SFR Closed Average Sales Prices in Selected Communities - Last Six Months 2018 February March April May June July Aliant e 312,141 334,667 363,514 365,232 348,232 355,022 Ant hem 379,942 415,641 421,192 409,711 445,121 419,112 Cent ennial Hills 331,323 314,114 364,592 355,383 403,452 378,616 Desert /Sout h Shores 410,630 362,829 368,498 399,475 379,572 394,915 Green Valley 412,891 345,843 396,085 405,947 386,645 398,525 Green Valley Ranch 404,971 405,496 430,253 426,800 462,195 483,688 Inspirada 371,935 403,043 430,503 377,319 365,781 407,929 Iron Mount ain Ranch 261,500 302,590 345,460 366,794 354,693 318,688 Lake Las Vegas 535,233 668,129 572,333 619,066 633,102 630,034 Mount ains Edge 313,489 315,927 327,945 340,102 336,342 328,815 Peccole Ranch 330,199 341,184 323,697 354,171 343,500 368,618 Providence 307,628 310,823 320,107 310,865 323,126 318,862 Red Rock Count ry Club 1,490,000 1,348,300 728,333 1,068,869 1,015,350 984,999 Rhodes Ranch 364,715 388,861 447,280 376,308 405,343 345,392 Seven Hills 647,618 601,784 465,900 472,293 424,783 830,068 Siena 495,855 445,654 550,445 429,357 416,450 387,350 Silverado Ranch 301,917 302,435 300,152 325,191 313,562 320,123 Silverst one Ranch 309,000 337,929 326,333 356,273 398,143 377,878 Sout hern Highlands 819,786 442,603 419,301 514,529 430,605 476,798 Spring Valley 267,094 262,417 293,308 308,978 305,216 341,512 Summerlin 455,992 845,897 547,365 489,646 590,523 526,277 Sun Cit y Ant hem 416,823 390,997 428,486 416,116 416,866 432,846 Sun Cit y Summerlin 302,522 371,135 326,915 372,425 348,213 373,707 The Lakes 372,950 344,394 340,556 441,667 520,750 374,970 Ot her Groups Boulder Cit y 364,350 316,278 384,282 443,557 339,867 369,814 Pahrump/Ny e 214,400 212,194 251,978 252,549 241,070 243,171 High Rise Sales 665,591 431,462 413,419 352,070 513,808 445,687 Luxury Sales ($1M+) 1,975,000 2,073,490 1,664,883 1,546,106 1,665,994 1,621,640 Price Movement
SINGLE FAMILY RESIDENTIAL CLOSINGS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2522 2437 2492 2441 2818 2604 2574 2803 2922 2985 2684 3192 1644 2498 1935 3331 1547 2183 2803 3397 1689 1865 2718 1466 3240 1739 2084 2923 1317 3552 2097 2783 1656 1919 2983 3318 879 1205 1996 1427 968 1229 2183 2545 3204 974 1332 1924 2505 2510 3096 990 2160 1325 1316 2592 1776 2537 3267 2041 2556 1572 1318 1852 2957 1476 2226 1384 2089 2413 2266 1345 1838 3460 1568 2026 1828 3127 1303 1616 2187 2521 1381 1794 1164 1602 1656 2431 1605 1740 2038 1431 1787 1478 1213 1281 1407 937 1098 779 1117 1340 1749 2217 1985 1778 1397 983 3420 3456 2961 3117 3117 3159 2661 2379 3535 2777 3118 2995 2201 2691 2227 2599 3242 3358 2666 2636 2031 2806 2669 3076 3229 3706 2417 2819 2930 2887 3738 3164 2948 2943 3212 3629 3785 3360 2964 3413 3111 3255 2884 3074 3185 2951 3084 3198 3049 3534 3175 3384 2980 2958 3053 2390 2591 2288 2639 2627 2720 2602 2606 2974 1977 2624 2922 2441 2935 2720 3308 2379 3114 2867 3141 2568 3185 2838 3178 2642 3677 3272 3273 2675 3056 3525 3147 3068 2823 2751 2870 2882 2613 2753 2870 3210 3167 2537 2706 2799 2008 1966 2117 2263 2134 2224 2608 2509 2931 2284 2068 1793 1885 2150 2266 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CONDO / TOWNHOME CLOSINGS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 776 805 718 674 726 586 674 704 586 609 521 688 850 708 800 543 493 580 665 603 859 703 544 565 443 919 572 658 570 410 434 742 586 810 615 799 612 497 532 732 595 725 546 512 688 769 864 613 656 843 691 544 555 610 824 656 796 825 917 678 789 613 575 716 690 657 785 751 549 582 737 810 742 657 710 674 565 557 663 694 727 649 651 846 728 775 544 624 711 739 609 604 506 647 562 623 691 680 442 529 567 578 461 437 516 440 594 621 600 479 461 408 429 531 554 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Vertical / Hi-Rise Closings Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 85 76 80 50 59 66 68 74 68 91 76 86 89 84 77 44 68 45 70 53 56 62 58 59 62 69 70 75 83 64 65 86 79 74 61 63 60 58 93 94 77 72 62 48 77 61 83 45 56 77 90 92 56 53 71 61 51 94 75 101 53 61 86 58 55 82 82 50 56 86 81 77 60 63 57 90 56 93 92 63 50 78 70 49 53 54 37 40 45 51 64 2011 2012 2013 2014 2015 2016 2017 2018
Greater Las Vegas Luxury Sales $1,000,000 and Over Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 500 450 400 350 300 250 200 150 100 50 0 46 39 40 28 27 28 35 22 33 26 43 31 36 35 19 26 31 24 24 27 44 23 58 23 27 25 26 27 25 45 29 44 17 33 20 25 17 35 10 36 35 56 37 8 35 27 20 26 36 20 27 33 32 46 27 19 19 11 28 30 34 45 32 19 51 25 15 20 26 24 25 14 25 8 20 18 17 19 25 2012 2013 2014 2015 2016 2017 2018
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 Mar-18 May-18 Jul-18 Las Vegas Market Update - August 2018 Luxury Market - $1,000,000 and Over Months of Inventory 60 53 50 40 30 31 29 24 20 16 21 21 14 11 19 13 10 -
SFR Market Prices 500,000 450,000 400,000 350,000 428,817 332,409 300,000 250,000 200,000 290,000 150,000 100,000 50,000 - Average Median
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 Mar-18 May-18 Jul-18 Las Vegas Market Update - August 2018 400,000 Single Family Residential Price Trend 332,409 350,000 300,000 250,313 250,000 290,000 200,000 148,729 182,419 150,000 100,000 50,000 - Average Median
$350,000 SFR Average Price and Year Over Year Percent Change 40.0% $300,000 29.4% 30.0% $250,000 20.0% $200,000 8.4% 10.9% 7.4% 4.9% 11.1% 11.7% 10.0% -0.8% 0.0% $150,000-8.5% -10.0% $100,000-20.0% $50,000-30.3% -30.0% $0 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018-YTD -40.0% Ave Pct Change
Last Month's Closings by Type REO 1% Traditional Equity 97% Short Sales 2%
Closed Units by Price Point 400-700K 13% 700K+ 2% <250K 40% 250-400K 45%
CLOSED VOLUME BY PRICE POINT 400-700K 21% 700K+ 8% <250K 25% 250-400K 46%
Last Month's Closings by Sold Terms FHA 12% VA 8% Other 2% Cash 23% Conv 56%
Closings By Sold Terms Closings Less Than $250,000 FHA 15% VA 4% Other 2% Cash 30% Conv 49%
Closings By Sold Terms Closings Between $250,000 and $400,000 FHA 13% VA 10% Other 1% Cash 17% Conv 58%
Closings By Sold Terms Closings Between $400,000 and $700,000 FHA 0% VA 9% Other 1% Cash 18% Conv 72%
10,000 Single Family Residences (SFR) Supply vs Demand 9,000 8,000 7,000 6,000 5,000 Available 4,000 3,000 2,000 1,000 Sold -
Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 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 Mar-18 May-18 Jul-18 Las Vegas Market Update - August 2018 6.0 Single Family Residential Homes Months of Inventory 5.0 4.6 4.0 3.0 2.0 1.6 1.0 -
6000 Residential Listings Taken vs Listings Sold 5000 4000 3000 2000 1000 Sold 0
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 May-18 Units Las Vegas Market Update - August 2018 Closed Units By Price Point 0-100K 100-250K 250-500K 3000 2500 2000 1500 1000 500 0
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 May-18 Units Las Vegas Market Update - August 2018 Closed Units By Price Point 500-750K 750K-1M 1M+ 300 250 200 150 100 50 0
Residential Closed Units Trend by Price Point 0-250K 250-750K 0-250K Trend 250-750K Trend 5000 4000 3000 2000 1000 0-1000