Available Units Pending Units Las Vegas Market Update - January 2019 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 7,063 2,530 2,146 341,000 525,154 296,250 346,965 3.3 30.4% 40 CON/TWH 1,638 606 517 169,900 192,161 163,500 176,780 3.2 31.6% 38 Total Residential 8,701 3,136 2,663 234,900 298,401 210,000 243,786 3.3 30.6% 55 Hi-Rise 399 61 56 454,888 882,504 342,450 499,505 8.1 14.0% 77 Multiple Dwelling 122 30 34 335,000 404,020 297,500 396,359 3.6 27.9% 39 Vacant Land 2,339 168 77 65,000 335,211 54,900 125,220 30.4 3.3% 224 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+ 525 56 501 1,769,900 2,715,926 1,375,000 1,815,770 17 13.6% 79 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 Sep-18 Nov-18 Las Vegas Market Update - January 2019 Greater Las Vegas SFR Average List vs Closed Sale Prices 420,000 R12 Ave Listed R12 Ave Sold 400,000 396,627 383,102 386,943 380,000 360,000 339,552 Average Over Pricing is $23,252 363,691 340,000 320,000 300,000 "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
Available SFR Inventory Days on Market With No Current Offer > 120 DOM 1336 19% < 30 DOM 2063 29% 91-120 DOM 821 11% 61-90 DOM 1280 18% 31-60 DOM 1667 23%
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 Sep-18 Nov-18 190,000 Las Vegas Market Update - January 2019 Greater Las Vegas CON/TWN Average Original List vs Closed Sale Prices R12 Ave Listed R12 Ave Sold 182,089 170,000 150,000 173,240 130,000 Average Over Pricing is $8,849 110,000 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
Jul 2018 Las Vegas Market Update - January 2019 SFR Closed Sales in Selected Communities - Last Six M onths Aug Sep Oct Nov Dec Sparklines Months of Inventory Ave Days to Sell Aliant e 36 34 27 30 18 15 4 38 Ant hem 17 17 18 17 8 9 5 42 Cent ennial Hills 38 48 28 34 30 21 3 39 Desert /Sout h Shores 20 27 15 16 14 14 4 38 Green Valley 48 56 31 44 38 35 3 40 Green Valley Ranch 16 22 18 14 11 12 4 31 Inspirada 15 20 15 27 19 19 2 55 Iron Mount ain Ranch 16 8 10 14 13 7 5 31 Lake Las Vegas 12 15 8 5 4 6 10 39 Mount ains Edge 68 86 49 63 44 52 4 30 Peccole Ranch 14 14 8 11 12 6 4 55 Providence 45 48 46 43 33 33 3 29 Red Rock Count ry Club 8 10 5 6 3 5 8 72 Rhodes Ranch 20 26 16 17 18 9 8 68 Seven Hills 13 11 10 10 6 8 10 42 Siena (SFR & TWH) 14 16 10 11 11 8 6 95 Silverado Ranch 39 55 29 45 42 26 4 32 Silverst one Ranch 9 15 4 13 8 10 2 26 Sout hern Highlands 64 36 48 46 23 41 4 37 Spring Valley 25 29 18 25 28 28 3 40 Summerlin 66 53 55 52 43 47 4 50 Sun Cit y Ant hem 26 35 18 42 25 18 6 39 Sun Cit y Summerlin 22 33 30 24 27 27 3 43 The Lakes 27 25 14 24 16 8 10 25 Ot her Groups Boulder Cit y 14 25 17 17 19 13 6 44 Pahrump/Ny e 53 42 30 42 40 37 6 68 High Rise Sales 90 92 65 85 61 56 9 77 Luxury Sales ($1M+) 43 62 28 40 30 37 17 79
SFR Closed Average Sales Prices in Selected Communities - Last Six Months July 2018 August September October November December Aliant e 355,022 357,406 342,004 370,473 334,247 332,287 Ant hem 419,112 442,353 406,439 423,518 498,750 444,578 Cent ennial Hills 378,616 369,050 379,014 371,556 348,321 365,019 Desert /Sout h Shores 394,915 373,270 446,600 382,950 360,536 327,944 Green Valley 398,525 378,686 350,502 386,461 379,949 381,833 Green Valley Ranch 483,688 374,577 421,128 375,846 416,509 406,008 Inspirada 407,929 417,697 406,733 479,234 423,751 446,208 Iron Mount ain Ranch 318,688 407,450 333,400 346,921 325,292 329,357 Lake Las Vegas 630,034 982,967 637,841 840,000 459,850 691,690 Mount ains Edge 328,815 337,570 344,252 333,332 339,038 337,493 Peccole Ranch 368,618 347,036 291,000 322,000 353,117 365,000 Providence 318,862 320,218 339,417 346,236 340,868 329,602 Red Rock Count ry Club 984,999 1,163,000 983,778 1,015,845 1,345,000 1,545,111 Rhodes Ranch 345,392 383,215 440,681 404,348 387,653 352,556 Seven Hills 830,068 636,965 953,550 583,746 621,333 495,238 Siena (SFR & TWH) 387,350 464,700 479,163 393,273 439,726 460,750 Silverado Ranch 320,123 310,599 297,910 317,644 311,045 311,015 Silverst one Ranch 377,878 368,767 401,975 374,685 381,988 358,969 Sout hern Highlands 476,798 452,183 374,420 513,541 518,796 481,785 Spring Valley 341,512 316,418 307,783 304,863 317,092 360,828 Summerlin 526,277 521,978 516,902 487,502 544,272 563,103 Sun Cit y Ant hem 432,846 447,191 431,098 439,414 435,271 414,790 Sun Cit y Summerlin 373,707 360,141 391,437 371,492 373,756 379,173 The Lakes 374,970 360,926 332,232 376,481 367,094 521,238 Ot her Groups Boulder Cit y 369,814 444,061 463,641 350,865 335,495 467,308 Pahrump/Ny e 243,171 269,222 239,808 239,954 251,037 247,335 High Rise Sales 445,687 518,059 437,975 468,639 497,381 499,505 Luxury Sales ($1M+) 1,621,640 1,832,544 1,644,336 2,205,862 1,927,292 1,771,488 Price Movement
Change in SFR Median Sales Prices (2017-2018) in Selected Communities 1,600,000 25.0% 1,400,000 19.8% 20.0% 20.0% 1,200,000 17.4% 16.6% 1,000,000 11.7% 11.8% 13.4% 14.1% 15.1% 15.5% 14.6% 13.8% 14.1% 13.4% 15.0% 800,000 10.2% 9.8% 12.0% 10.5% 9.3% 11.7% 9.3% 12.0% 9.4% 10.0% 600,000 6.6% 8.0% 7.8% 6.1% 5.0% 400,000 0.0% 200,000-1.8% - -5.0% 2017 2018 % Change
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 3358 2599 3242 2666 2636 2806 3229 3706 3076 2669 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 2146 2691 2299 2606 2974 2227 1977 2695 2624 2031 2922 2441 2439 2417 2935 2720 3308 2379 3092 3114 2568 2867 3141 3190 2838 2642 3178 3677 3272 3273 2675 3056 3525 3147 2823 2751 3068 2870 2882 2613 2753 2870 2537 3210 3167 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 718 776 805 674 726 586 517 674 704 586 567 609 521 688 850 708 800 543 652 493 580 665 859 703 603 544 565 443 919 572 658 569 570 410 434 742 586 810 615 799 612 497 532 732 814 595 725 546 512 688 864 613 656 770 843 691 544 555 610 824 656 796 827 917 789 678 613 575 716 737 690 657 785 751 549 582 810 742 657 710 674 565 557 663 694 727 649 651 846 728 775 544 624 711 739 609 604 506 647 562 623 691 680 442 529 567 578 461 437 516 440 594 621 600 479 461 408 429 531 554 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 56 76 80 61 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 85 94 65 77 72 62 48 92 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 600 500 400 300 200 100 0 37 30 46 40 39 28 40 28 62 27 28 35 22 33 26 31 36 35 43 19 26 31 24 24 27 44 58 23 27 23 25 26 27 25 29 45 44 17 33 20 25 17 35 10 36 35 56 37 8 35 20 27 26 36 20 33 27 32 46 19 27 19 11 28 30 34 45 32 19 51 15 25 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 Sep-18 Nov-18 Las Vegas Market Update - January 2019 Luxury Market - $1,000,000 and Over Months of Inventory 60 53 50 40 30 31 29 24 20 10 16 21 21 14 11 19 13 21 17 15 10 -
500,000 SFR Market Prices 450,000 400,000 350,000 300,000 428,817 346,965 296,250 250,000 200,000 150,000 100,000 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 Sep-18 Nov-18 Las Vegas Market Update - January 2019 400,000 350,000 Single Family Residential Price Trend 346,965 350,000 300,000 300,000 296,250 250,000 250,000 200,000 200,000 150,000 150,000 100,000 100,000 50,000 50,000 - - Average Median
$400,000 SFR Average Price and Year Over Year Percent Change 40.0% $350,000 29.4% 30.0% $300,000 20.0% $250,000 8.4% 10.9% 7.4% 4.9% 11.1% 13.6% 10.0% $200,000-0.8% 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 -40.0% Ave Pct Change
Last Month's Closings by Type REO 2.2% Short Sales 0.7% Traditional Equity 97.1%
Closed Units by Price Point 400-700K 13% 700K+ 3% <250K 39% 250-400K 45%
CLOSED VOLUME BY PRICE POINT 400-700K 21% 700K+ 11% 250-400K 44% <250K 24%
Last Month's Closings by Sold Terms FHA 14% VA 9% Other 2% Cash 23% Conv 52%
Closings By Sold Terms Closings Less Than $250,000 FHA 20% VA 5% Other 2% Cash 30% Conv 43%
Closings By Sold Terms Closings Between $250,000 and $400,000 FHA 14% VA 13% Other 2% Cash 18% Conv 54%
Closings By Sold Terms Closings Between $400,000 and $700,000 FHA 0% VA 11% Other 2% Cash 19% Conv 68%
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 Sep-18 Nov-18 Las Vegas Market Update - January 2019 6.0 Single Family Residential Homes Months of Inventory 5.0 4.6 4.0 3.3 3.0 2.0 1.0 -
6000 Residential Listings Taken vs Listings Sold 5000 4000 3000 2000 1000 Sold 0
Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Units Las Vegas Market Update - January 2019 Closed Units By Price Point - RES & VER 0-100K 100-250K 250-400K 3000 2500 2000 1500 1000 500 0
Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Units Las Vegas Market Update - January 2019 Closed Units By Price Point - RES & VER 400-700K 700K+ 700 600 500 400 300 200 100 0
RES & VER Closed Units Trend by Price Point 0-250K 250-700K 0-250K Trend 250-700K Trend 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18