500,000 Available Greater Las Vegas Snapshot by Sale Type Pending Last Month's Sold SFR Market Prices Median List Price Average List Price Median Sold Price Average Sold Price Months of Inventory Closed by Price Point 30 Day Average Absorption DOM Rate SFR 6,726 3,486 2,439 354,900 536,463 300,000 342,042 2.8 36.3% 29 CON/TWH 1,484 815 9 165,000 192,835 170,000 183,049 2.6 38.3% 26 Total Residential 8,210 4,301 3,008 234,900 298,401 210,000 243,786 2.7 36.6% 55 Hi-Rise 368 122 65 450,000 872,483 329,900 437,975 6.7 17.7% 68 Multiple Dwelling 108 53 20 329,844 382,639 292,500 6,125 5.4 18.5% 22 Vacant Land 2,476 171 112 69,625 354,850 45,000 106,396 22.1 4.5% 162 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+ 531 75 398 1,679,000 2,575,507 1,377,000 1,773,185 22 10.7% 89 This data includes all GLVAR listings and sales within the Greater Las Vegas market area. 450,000 400,000 350,000 300,000 428,817 349,679 400-700K 12% 700K+ 3% <250K 38% 250,000 200,000 295,000 250-400K 47% 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% 12.6% 20.0% 10.0% 400-700K 19% 700K+ 13% <250K 22% $200,000 $150,000-0.8% -8.5% 0.0% -10.0% 250-400K 46% $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
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 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 424,526 400,000 396,6 383,102 380,000 Average Over Pricing is $62,405 362,121 360,000 339,552 340,000 320,000 300,000 "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 Greater Las Vegas CON/TWN Average Original List vs Closed Sale Prices 210,000 R12 Ave Original List R12 Ave Sold 190,000 188,033 170,000 164,768 150,000 Average Over Pricing is $23,265 130,000 110,000 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
2018 Apr SFR Closed Sales in Selected Communities - Last Six Months May Jun Jul Aug Sep Sparklines Months of Inventory Ave Days to Sell Aliant e 29 32 36 34 2 25 Ant hem 19 19 23 17 17 18 2 34 Cent ennial Hills 30 31 32 38 48 28 3 31 Desert /Sout h Shores 23 29 18 20 15 4 38 Green Valley 40 51 66 48 31 4 26 Green Valley Ranch 17 28 22 16 22 18 3 32 Inspirada 37 23 17 15 20 15 3 45 Iron Mount ain Ranch 11 17 15 16 8 10 2 31 Lake Las Vegas 6 15 9 12 15 8 5 67 Mount ains Edge 71 80 85 68 86 49 4 Peccole Ranch 13 14 18 14 14 8 4 16 Providence 39 51 62 45 48 46 2 24 Red Rock Count ry Club 6 12 10 8 10 5 9 40 Rhodes Ranch 24 37 24 20 26 16 5 90 Seven Hills 15 14 12 13 11 10 7 42 Siena (SFR & TWH) 15 14 18 14 16 10 5 74 Silverado Ranch 50 46 46 39 55 29 3 14 Silverst one Ranch 9 15 7 9 15 4 6 26 Sout hern Highlands 51 60 50 64 36 48 3 43 Spring Valley 35 38 35 25 29 18 5 34 Summerlin 70 74 67 66 53 55 3 39 Sun Cit y Ant hem 40 44 41 26 35 18 6 38 Sun Cit y Summerlin 30 29 46 22 33 30 2 20 The Lakes 18 12 16 25 14 5 33 Ot her Groups Boulder Cit y 17 28 16 14 25 17 4 40 Pahrump/Nye 55 53 67 53 42 30 7 31 High Rise Sales 86 86 94 90 92 65 7 68 Luxury Sales ($1M+) 37 44 58 43 62 28 22 89 SFR Closed Average Sales Prices in Selected Communities - Last Six Months 2018 Price May June July August September April Movement Aliant e 363,514 365,232 348,232 355,022 357,406 342,004 Ant hem 421,192 409,711 445,121 419,112 442,353 406,439 Centennial Hills 364,592 355,383 403,452 378,616 369,050 379,014 Desert /South Shores 368,498 399,475 379,572 394,915 373,0 446,600 Green Valley 396,085 405,947 386,645 398,525 378,686 350,502 Green Valley Ranch 430,253 426,800 462,195 483,688 374,577 421,128 Inspirada 430,503 377,319 365,781 407,929 417,697 406,733 Iron Mountain Ranch 345,460 366,794 354,693 318,688 407,450 333,400 Lake Las Vegas 572,333 619,066 633,102 630,034 982,967 637,841 Mountains Edge 3,945 340,102 336,342 328,815 337,570 344,252 Peccole Ranch 323,697 354,171 343,500 368,618 347,036 291,000 Providence 320,107 310,865 323,126 318,862 320,218 339,417 Red Rock Country Club 728,333 1,068,869 1,015,350 984,999 1,163,000 983,778 Rhodes Ranch 447,280 376,308 405,343 345,392 383,215 440,681 Seven Hills 465,900 472,293 424,783 830,068 636,965 953,550 Siena (SFR & TWH) 550,445 429,357 416,450 387,350 464,700 479,163 Silverado Ranch 300,152 325,191 313,2 320,123 310,599 297,910 Silverstone Ranch 326,333 3,3 398,143 377,878 368,767 401,975 Southern Highlands 419,301 514,529 430,605 476,798 452,183 374,420 Spring Valley 293,308 308,978 305,216 341,512 316,418 307,783 Summerlin 547,365 489,646 590,523 526,7 521,978 516,902 Sun City Anthem 428,486 416,116 416,866 432,846 447,191 431,098 Sun City Summerlin 326,915 372,425 348,213 373,707 360,141 391,437 The Lakes 340,5 441,667 520,750 374,970 360,926 332,232 Other Groups Boulder City 384,282 443,557 339,867 369,814 444,061 463,641 Pahrump/Nye 251,978 252,549 241,070 243,171 269,222 239,808 High Rise Sales 413,419 352,070 513,808 445,687 518,059 437,975 Luxury Sales ($1M+) 1,664,883 1,546,106 1,665,994 1,621,640 1,832,544 1,644,336
SI NGLE FAMI LY RESI DENTI AL CLOSI NGS 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 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 586 688 609 580 665 544 443 410 434 497 532 572 615 658 732 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 77 72 65 62 61 92 77 48 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 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 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 Sep-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 2.8 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 Sep-18 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 Sep-18 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 REO 1.2% Short Sales 1.4% Traditional Equity 97.4% 9,000 8,000 7,000 6,000 5,000 4,000 Available FHA 12% VA 9% Other 2% Conv 52% Cash 25% 3,000 2,000 1,000 Sold - YTD Closed 2017 YTD Closed 2018 Change % Change 34,810 33,5 (1,254) -3.6% Closed by Price Point CLOSED VOLUME BY PRICE POINT 400-700K 14% 700K+ 3% <250K 37% 400-700K 23% 700K+ 9% <250K 23% 250-400K 46% 250-400K 45% SFR Closed Sales in Selected Communities - Last Six Months 2018 Apr May Jun Jul Aug Sep Sparklines Equity Title of Nevada (702) 432-1111 www.equitynv.com Months of Inventory Ave Days to Sell Aliant e 29 32 36 34 2 25 Ant hem 19 19 23 17 17 18 2 34 Cent ennial Hills 30 31 32 38 48 28 3 31 Desert /Sout h Shores 23 29 18 20 15 4 38 Green Valley 40 51 66 48 31 4 26 Green Valley Ranch 17 28 22 16 22 18 3 32 Inspirada 37 23 17 15 20 15 3 45 Iron Mount ain Ranch 11 17 15 16 8 10 2 31 Lake Las Vegas 6 15 9 12 15 8 5 67 Mount ains Edge 71 80 85 68 86 49 4 Peccole Ranch 13 14 18 14 14 8 4 16 Providence 39 51 62 45 48 46 2 24 Red Rock Count ry Club 6 12 10 8 10 5 9 40 Rhodes Ranch 24 37 24 20 26 16 5 90 Seven Hills 15 14 12 13 11 10 7 42 Siena (SFR & TWH) 15 14 18 14 16 10 5 74 Silverado Ranch 50 46 46 39 55 29 3 14 Silverst one Ranch 9 15 7 9 15 4 6 26 Sout hern Highlands 51 60 50 64 36 48 3 43 Spring Valley 35 38 35 25 29 18 5 34 Summerlin 70 74 67 66 53 55 3 39 Sun Cit y Ant hem 40 44 41 26 35 18 6 38 Sun Cit y Summerlin 30 29 46 22 33 30 2 20 The Lakes 18 12 16 25 14 5 33 Ot her Groups Boulder Cit y 17 28 16 14 25 17 4 40 Pahrump/Nye 55 53 67 53 42 30 7 31 High Rise Sales 86 86 94 90 92 65 7 68 Luxury Sales ($1M+) 37 44 58 43 62 28 22 89