Available Units Pending Units Las Vegas Market Update - November 2017 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 5,224 4,080 2,970 284,900 386,727 263,000 313,032 1.8 56.9% 36 CON/TWH 854 864 663 140,000 157,919 140,000 151,978 1.3 77.6% 25 Total Residential 6,078 4,944 3,633 234,900 298,401 210,000 243,786 1.7 59.8% 55 Hi-Rise 423 118 89 438,950 605,418 310,000 356,947 5.8 21.0% 72 Multiple Dwelling 72 77 32 277,200 306,149 240,000 243,597 2.3 44.4% 75 Vacant Land 2,425 132 84 80,000 547,194 47,000 176,457 28.9 3.5% 183 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+ 470 75 374 1,595,000 2,282,623 1,397,000 1,755,826 14 11.4% 108 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-17 410,000 400,000 390,000 397,706 Las Vegas Market Update - November 2017 Greater Las Vegas SFR Average List vs Closed Sale Prices R12 Ave Sold Average Over Pricing is $30,344 383,256 385,916 380,000 370,000 360,000 350,000 340,748 355,572 340,000 330,000 320,000 "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 310,000
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-17 160,000 140,000 Las Vegas Market Update - November 2017 Greater Las Vegas CON/TWN Average Original List vs Closed Sale Prices R12 Ave Original List R12 Ave Sold 148,413 138,207 120,000 100,000 80,000 60,000 79,115 64,073 Average Over Pricing is $10,206 40,000 20,000 "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 -
Last Month's Closings by Type Traditional Equity 95% REO 2% Short Sales 3%
CLOSED UNITS BY PRICE POINT 450-750K 6% 750K+ 2% 250-450K 40% <250K 52%
CLOSED VOLUME BY PRICE POINT 450-750K 12% 750K+ 10% <250K 33% 250-450K 45%
Last Month's Closings by Sold Terms FHA 17% VA 9% Other 2% Cash 27% Conv 46%
Closings By Sold Terms Closings Less Than $250,000 Other, 1% FHA, 22% VA, 7% Cash, 34% Conv, 36%
Closings By Sold Terms Closings Between $250,000 and $750,000 Other 1% FHA, 11% VA, 12% Cash, 18% Conv, 57%
SFR Market Prices 500,000 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 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 Las Vegas Market Update - November 2017 350,000 Single Family Residential Price Trend 309,135 300,000 250,000 250,313 263,000 200,000 182,419 150,000 148,729 100,000 50,000 - Average Median
SINGLE FAMILY RESIDENTIAL CLOSINGS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 3420 3456 2961 2437 2441 2574 2985 1644 2498 3331 1547 2183 1689 3240 1739 2718 2097 2783 3318 879 1996 968 2545 974 3096 2510 990 1316 2592 2556 1318 2957 1476 2226 2266 1568 2026 3127 2521 1381 1794 1605 2038 1787 1478 1407 1098 1985 1778 1397 983 3117 3117 3159 2661 3535 2777 3118 2995 3358 2599 3242 2666 2806 3229 3706 3076 2819 2887 3738 3164 2948 3212 3629 3785 3360 3413 3255 2884 3111 3185 2951 3084 3198 3534 2980 3175 3384 3053 2288 2390 2591 2224 2608 2509 2931 2379 2720 2201 2691 2606 2970 2227 2636 1977 2624 2031 2922 2441 2669 2417 2935 2720 3308 2930 2379 3114 2867 2943 2568 3141 2838 3178 2642 2964 3677 3273 2675 3056 3074 3525 2823 2751 3068 3049 2870 2613 2753 2870 2958 2537 2706 2799 3210 2639 2008 1966 2117 2263 2284 2068 1793 1885 2150 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
SFR Closed Sales in Selected Communities - Last Six M onths May Jun Jul Aug Sep Oct Ave Months of Sparklines Days Inventory to Sell Aliant e 35 38 37 38 20 28 2 32 Ant hem 33 20 26 21 16 24 3 30 Cent ennial Hills 37 44 39 45 50 24 2 38 Desert /Sout h Shores 16 19 32 24 18 26 2 52 Green Valley 63 60 54 46 55 53 2 37 Green Valley Ranch 23 23 22 23 16 9 3 38 Inspirada 25 31 16 19 20 30 2 55 Iron Mount ain Ranch 19 15 17 10 9 12 2 35 Mount ains Edge 94 96 103 88 66 85 2 29 Peccole Ranch 11 22 18 19 15 16 2 50 Providence 49 65 49 46 58 47 2 28 Red Rock Count ry Club 9 12 7 5 6 10 3 86 Rhodes Ranch 18 16 25 37 22 30 2 49 Seven Hills 20 23 17 30 21 15 5 44 Siena (SFR & TWH) 11 18 12 14 5 11 6 74 Silverado Ranch 57 52 48 55 57 43 2 22 Sout hern Highlands 71 51 52 52 50 48 4 41 Spring Valley 32 34 25 25 22 27 2 32 Summerlin 121 126 85 84 75 60 3 43 Sun Cit y Ant hem 47 43 27 33 27 33 3 35 Sun Cit y Summerlin 37 35 25 30 38 40 2 35 The Lakes 22 30 27 23 18 13 4 60 Ot her Groups Boulder Cit y 28 22 18 24 10 25 3 59 Pahrump/Ny e 68 51 44 52 46 46 4 52 High Rise Sales 82 101 92 83 62 89 6 72 Luxury Sales ($1M+) 56 45 44 35 35 35 14 126
SFR Closed Average Sales Prices in Selected Communities - Last Six Months May June July August September October Aliant e 305,514 328,572 294,864 310,232 297,970 298,046 Ant hem 391,933 362,754 374,858 429,744 354,869 396,720 Cent ennial Hills 329,143 289,313 294,259 306,646 318,094 314,457 Desert /Sout h Shores 334,000 330,699 329,053 344,808 334,978 370,112 Green Valley 326,488 313,047 327,540 329,148 320,454 323,157 Green Valley Ranch 334,848 411,951 369,173 397,109 395,131 413,322 Inspirada 369,035 351,624 361,584 402,236 378,027 396,205 Iron Mount ain Ranch 314,958 278,167 309,070 261,200 254,517 297,917 Mount ains Edge 291,360 306,215 304,245 308,652 307,175 315,382 Peccole Ranch 334,173 303,923 327,617 314,018 317,054 311,856 Providence 279,452 293,374 281,460 278,317 300,281 292,129 Red Rock Count ry Club 1,194,889 955,550 902,286 762,422 1,091,833 1,075,697 Rhodes Ranch 338,472 347,883 365,467 341,593 337,922 362,050 Seven Hills 579,225 472,458 586,232 581,771 671,752 561,544 Siena 452,227 432,667 344,108 394,048 381,700 448,364 Silverado Ranch 262,974 272,516 299,188 280,259 286,963 280,914 Sout hern Highlands 450,792 379,811 389,601 507,001 493,038 599,998 Spring Valley 264,846 271,942 282,414 269,825 303,803 272,999 Summerlin 520,249 491,816 615,155 483,146 523,376 507,260 Sun Cit y Ant hem 399,368 414,499 410,900 417,615 464,163 397,145 Sun Cit y Summerlin 341,606 324,063 278,770 303,061 364,874 318,167 The Lakes 328,690 364,580 323,624 316,965 328,594 324,838 Ot her Groups Boulder Cit y 284,224 345,348 377,639 350,817 314,800 380,471 Pahrump/Ny e 208,625 209,290 203,185 210,060 201,380 212,572 High Rise Sales 515,067 479,563 390,954 427,496 475,613 356,947 Luxury Sales ($1M+) 1,774,594 1,655,854 1,829,818 1,487,683 1,882,257 2,089,866 Price Movement
Single Family Residences (SFR) 10,000 9,000 8,000 7,000 6,000 5,000 Available 4,000 3,000 2,000 1,000 Sold -
6000 Residential Listings Taken vs Listings Sold 5000 4000 Listed 3000 2000 1000 Sold 0
CONDO / TOWNHOME CLOSINGS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 776 805 718 674 726 674 704 586 521 688 850 708 800 543 493 580 663 603 859 703 544 565 443 919 572 658 570 410 434 742 586 810 615 799 612 497 532 732 595 725 546 512 688 864 613 656 843 691 544 555 610 824 656 796 917 678 789 613 575 716 690 657 549 582 785 737 810 742 657 710 674 565 557 663 727 649 651 846 728 775 544 624 711 609 604 506 647 562 623 691 680 442 529 567 461 437 516 440 594 621 600 479 461 408 429 531 2009 2010 2011 2012 2013 2014 2015 2016 2017
VERTICAL / HI-RISE CLOSINGS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 76 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 89 77 72 62 48 77 61 83 45 56 77 92 56 53 71 61 51 75 101 53 61 58 55 82 82 50 56 81 77 60 63 57 56 93 92 63 50 70 49 53 54 37 40 45 51 2011 2012 2013 2014 2015 2016 2017
Greater Las Vegas Luxury Sales $1,000,000 and Over Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 400 350 300 250 200 150 100 50 0 39 28 27 28 35 22 33 26 31 36 35 19 26 31 24 27 24 44 23 27 25 23 27 25 26 29 45 25 17 20 33 17 35 36 35 10 56 8 35 27 20 26 36 27 20 33 32 27 19 19 11 28 34 45 30 32 19 25 15 20 26 24 25 14 8 25 20 18 17 19 2012 2013 2014 2015 2016 2017
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 Las Vegas Market Update - November 2017 Luxury Market - $1,000,000 and Over Months of Inventory 60 53 50 40 30 31 29 20 16 21 24 21 14 10 -
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 Units Las Vegas Market Update - November 2017 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 Units Las Vegas Market Update - November 2017 Closed Units By Price Point 500-750K 750K-1M 1M+ 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