Available Pending Greater Las Vegas Snapshot by Sale Type Last Month's Sold Median List Price Average List Price Median Sold Price Average Sold Price Months of Inventory 30 Day Average Absorption DOM Rate SFR 7,328 3,073 2,686 349,900 5,637 295,000 351,126 2.7 36.7% 33 CON/TWH 1,641 736 648 165,000 191,096 174,450 181,810 2.5 39.5% 29 Total Residential 8,969 3,809 3,334 234,900 298,401 210,000 243,786 2.7 37.2% 55 Hi-Rise 399 95 85 449,000 849,576 315,000 468,639 5.7 21.3% 72 Multiple Dwelling 108 49 34 332,450 409,426 320,000 286,185 3.2 31.5% 41 Vacant Land 2,448 165 117 68,591 351,550 50,000 150,462 20.9 4.8% 219 YTD Months Available Pending Median List Average Median Average Absorption Average Sold of Price List Price Sold Price Sold Price Rate DOM Inventory Luxury Sales (RES & VER) $1M+ 544 63 430 1,730,000 2,637,935 1,375,000 1,808,589 15 11.3% 98 This data includes all GLVAR listings and sales within the Greater Las Vegas market area. 500,000 SFR Market Prices Closed by Price Point 450,000 400,000 350,000 300,000 428,817 351,259 400-700K 13% 700K+ 3% <250K 38% 250,000 200,000 295,075 250-400K 46% 150,000 100,000 50,000 - Average Median $400,000 SFR Average Price and Year Over Year Percent Change 40.0% CLOSED VOLUME BY PRICE POINT $350,000 29.4% 30.0% $300,000 $250,000 8.4% 10.9% 7.4% 4.9% 11.1% 13.3% 20.0% 10.0% 400-700K 22% 700K+ 8% <250K 23% $200,000 $150,000-0.8% -8.5% 0.0% -10.0% 250-400K 47% $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
Jan-12 Mar-12 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 Jul-17 Nov-17 Mar-18 Jul-18 Jan-12 Mar-12 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 Jul-17 Nov-17 Mar-18 Jul-18 420,000 Greater Las Vegas SFR Average List vs Closed Sale Prices R12 Ave Available R12 Ave Sold 430,3 400,000 396,6 383,102 380,000 Average Over Pricing is $67,191 363,165 360,000 339,552 340,000 320,000 300,000 "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 210,000 190,000 Greater Las Vegas CON/TWN Average Original List vs Closed Sale Prices R12 Ave Original List R12 Ave Sold 193,077 170,000 169,623 150,000 Average Over Pricing is $23,454 130,000 110,000 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
May 2018 SFR Closed Sales in Selected Communities - Last Six Months Jun Jul Aug Sep Oct Sparklines Months of Inventory Ave Days to Sell Aliant e 32 36 34 30 2 36 Ant hem 19 23 17 17 18 17 3 33 Cent ennial Hills 31 32 38 48 28 34 2 Desert /Sout h Shores 29 18 20 15 16 4 34 Green Valley 51 66 48 31 44 3 30 Green Valley Ranch 28 22 16 22 18 14 3 29 Inspirada 23 17 15 20 15 26 2 30 Iron Mount ain Ranch 17 15 16 8 10 14 2 30 Lake Las Vegas 15 9 12 15 8 5 10 113 Mount ains Edge 80 85 68 86 49 63 3 22 Peccole Ranch 14 18 14 14 8 11 3 26 Providence 51 62 45 48 46 43 2 31 Red Rock Count ry Club 12 10 8 10 5 6 6 63 Rhodes Ranch 37 24 20 26 16 17 5 47 Seven Hills 14 12 13 11 10 10 7 37 Siena (SFR & TWH) 14 18 14 16 10 11 5 76 Silverado Ranch 46 46 39 55 29 45 2 28 Silverst one Ranch 15 7 9 15 4 13 2 16 Sout hern Highlands 60 50 64 36 48 46 3 41 Spring Valley 38 35 25 29 18 24 3 23 Summerlin 74 67 66 53 55 51 4 23 Sun Cit y Ant hem 44 41 26 35 18 42 2 35 Sun Cit y Summerlin 29 46 22 33 30 24 3 20 The Lakes 12 16 25 14 24 3 28 Ot her Groups Boulder Cit y 28 16 14 25 17 17 5 40 Pahrump/Nye 53 67 53 42 30 41 6 52 High Rise Sales 86 94 90 92 65 85 6 72 Luxury Sales ($1M+) 44 58 43 62 28 40 15 118 SFR Closed Average Sales Prices in Selected Communities - Last Six Months May Price June July August September October 2018 Movement Aliant e 365,232 348,232 355,022 357,406 342,004 370,473 Ant hem 409,711 445,121 419,112 442,353 406,439 423,518 Centennial Hills 355,383 403,452 378,616 369,050 379,014 371,5 Desert /South Shores 399,475 379,572 394,915 373,0 446,600 382,950 Green Valley 405,947 386,645 398,525 378,686 350,502 386,461 Green Valley Ranch 426,800 462,195 483,688 374,577 421,128 375,846 Inspirada 377,319 365,781 407,929 417,697 406,733 479,234 Iron Mountain Ranch 366,794 354,693 318,688 407,450 333,400 346,921 Lake Las Vegas 619,066 633,102 630,034 982,967 637,841 840,000 Mountains Edge 340,102 336,342 328,815 337,570 344,252 333,332 Peccole Ranch 354,171 343,500 368,618 347,036 291,000 322,000 Providence 310,865 323,126 318,862 320,218 339,417 346,236 Red Rock Country Club 1,068,869 1,015,350 984,999 1,163,000 983,778 1,015,845 Rhodes Ranch 376,308 405,343 345,392 383,215 440,681 404,348 Seven Hills 472,293 424,783 830,068 636,965 953,550 583,746 Siena (SFR & TWH) 429,357 416,450 387,350 464,700 479,163 393,3 Silverado Ranch 325,191 313,2 320,123 310,599 297,910 317,644 Silverstone Ranch 3,3 398,143 377,878 368,767 401,975 374,685 Southern Highlands 514,529 430,605 476,798 452,183 374,420 513,541 Spring Valley 308,978 305,216 341,512 316,418 307,783 304,863 Summerlin 489,646 590,523 526,7 521,978 516,902 487,502 Sun City Anthem 416,116 416,866 432,846 447,191 431,098 439,414 Sun City Summerlin 372,425 348,213 373,707 360,141 391,437 371,492 The Lakes 441,667 520,750 374,970 360,926 332,232 376,481 Other Groups Boulder City 443,557 339,867 369,814 444,061 463,641 350,865 Pahrump/Nye 252,549 241,070 243,171 269,222 239,808 239,954 High Rise Sales 352,070 513,808 445,687 518,059 437,975 468,639 Luxury Sales ($1M+) 1,546,106 1,665,994 1,621,640 1,832,544 1,644,336 2,205,862
SINGLE FAMILY RESIDENTIAL CLOSINGS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 26 2691 22 1977 2031 2441 2417 20 2379 2867 28 3178 2642 2675 30 2823 51 2613 53 20 2606 2624 2935 3114 2838 33 3068 2870 2602 2974 2686 2922 2439 3308 3092 3141 3190 3677 32 3525 3147 2870 2882 2537 06 99 3210 3167 2008 1966 2117 2263 2134 2068 1793 1885 2150 2266 2014 2015 2016 2017 2018 CONDO / TOWNHOME CLOSINGS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 586 688 609 580 665 648 544 443 410 434 497 532 572 615 658 732 9 814 546 512 688 544 555 610 613 575 716 549 582 657 5 557 651 544 624 506 2 647 461 437 516 770 6 796 8 785 751 663 694 711 739 7 578 461 408 429 531 554 2014 2015 2016 2017 2018
Vertical / Hi-Rise Closings Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1,000 85 900 800 700 600 500 400 300 200 100 0 80 93 94 85 77 72 65 62 48 92 61 77 83 45 77 53 71 92 90 61 51 94 75 101 53 61 58 55 82 82 86 50 81 77 86 60 63 57 90 93 92 63 50 78 49 53 54 70 37 40 45 51 64 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 40 62 28 35 26 33 36 35 43 19 26 24 24 44 58 23 25 26 25 29 45 44 20 25 35 36 35 37 26 36 32 19 46 30 34 32 45 51 20 26 24 25 20 18 17 19 25 2014 2015 2016 2017 2018 46 39 40 28
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 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-15 Jul-15 Nov-15 Mar-16 Jul-16 Nov-16 Mar-17 Jul-17 Nov-17 Mar-18 Jul-18 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 - 6.0 Single Family Residential Homes Months of Inventory 5.0 4.6 4.0 3.0 2.7 2.0 1.0 -
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 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 Closed By Price Point 3000 0-100K 100-250K 250-500K 2500 2000 1500 1000 500 0 Closed By Price Point 300 500-750K 750K-1M 1M+ 250 200 150 100 50 0
Last Month's Closings by Type 10,000 Single Family Residences (SFR) Supply vs Demand Last Month's Closings by Sold Terms Traditional Equity 97.0% REO 1.6% Short Sales 1.4% 9,000 8,000 7,000 6,000 5,000 4,000 Available FHA 13% VA 9% Other 2% Conv 49% Cash 26% 3,000 2,000 1,000 Sold - YTD Closed 2017 YTD Closed 2018 Change % Change 38,644 37,087 (1,557) -4.0% Closed by Price Point CLOSED VOLUME BY PRICE POINT 400-700K 13% 700K+ 3% <250K 38% 400-700K 22% 700K+ 8% <250K 23% 250-400K 46% 250-400K 47% SFR Closed Sales in Selected Communities - Last Six Months May 2018 Jun Jul Aug Sep Oct Sparklines Equity Title of Nevada (702) 432-1111 www.equitynv.com Months of Inventory Ave Days to Sell Aliant e 32 36 34 30 2 36 Ant hem 19 23 17 17 18 17 3 33 Cent ennial Hills 31 32 38 48 28 34 2 Desert /Sout h Shores 29 18 20 15 16 4 34 Green Valley 51 66 48 31 44 3 30 Green Valley Ranch 28 22 16 22 18 14 3 29 Inspirada 23 17 15 20 15 26 2 30 Iron Mount ain Ranch 17 15 16 8 10 14 2 30 Lake Las Vegas 15 9 12 15 8 5 10 113 Mount ains Edge 80 85 68 86 49 63 3 22 Peccole Ranch 14 18 14 14 8 11 3 26 Providence 51 62 45 48 46 43 2 31 Red Rock Count ry Club 12 10 8 10 5 6 6 63 Rhodes Ranch 37 24 20 26 16 17 5 47 Seven Hills 14 12 13 11 10 10 7 37 Siena (SFR & TWH) 14 18 14 16 10 11 5 76 Silverado Ranch 46 46 39 55 29 45 2 28 Silverst one Ranch 15 7 9 15 4 13 2 16 Sout hern Highlands 60 50 64 36 48 46 3 41 Spring Valley 38 35 25 29 18 24 3 23 Summerlin 74 67 66 53 55 51 4 23 Sun Cit y Ant hem 44 41 26 35 18 42 2 35 Sun Cit y Summerlin 29 46 22 33 30 24 3 20 The Lakes 12 16 25 14 24 3 28 Ot her Groups Boulder Cit y 28 16 14 25 17 17 5 40 Pahrump/Nye 53 67 53 42 30 41 6 52 High Rise Sales 86 94 90 92 65 85 6 72 Luxury Sales ($1M+) 44 58 43 62 28 40 15 118