Available Units Pending Units 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 6,251 3,681 3,091 360,000 554,742 295,000 349,679 2.0 49.4% 29 CON/TWH 1,276 839 815 169,000 195,851 170,000 181,096 1.6 63.9% 26 Total Residential 7,527 4,520 3,906 234,900 298,401 210,000 243,786 1.9 51.9% 55 Hi-Rise 358 126 92 459,744 864,456 365,950 518,059 4.9 25.7% 37 Multiple Dwelling 99 55 48 350,000 374,104 294,000 273,121 2.1 48.5% 24 Vacant Land 2,377 189 121 68,000 349,917 42,000 147,456 19.6 5.1% 171 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 74 362 1,724,319 2,624,288 1,370,000 1,778,197 10 9.9% 97 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 Greater Las Vegas SFR Average List vs Closed Sale Prices R12 Ave Available R12 Ave Sold 424,526 400,000 396,627 383,102 380,000 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
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 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
SFR Closed Sales in Selected Communities - Last Six M onths Ave 2018 Months of Apr May Jun Jul Aug Sparklines Days Mar Inventory to Sell Aliant e 32 29 27 32 36 34 2 22 Ant hem 23 19 19 23 17 17 3 18 Cent ennial Hills 35 30 31 32 38 48 1 24 Desert /Sout h Shores 21 23 29 18 20 27 2 35 Green Valley 61 40 51 66 48 56 2 30 Green Valley Ranch 20 17 28 22 16 22 2 15 Inspirada 26 37 23 17 15 20 3 52 Iron Mount ain Ranch 11 11 17 15 16 8 3 17 Lake Las Vegas 10 6 15 9 12 15 2 101 Mount ains Edge 80 71 80 85 68 86 2 24 Peccole Ranch 19 13 14 18 14 14 2 20 Providence 43 39 51 62 45 48 2 23 Red Rock Count ry Club 10 6 12 10 8 10 4 49 Rhodes Ranch 26 24 37 24 20 26 3 27 Seven Hills 16 15 14 12 13 11 6 37 Siena (SFR & TWH) 26 15 14 18 14 16 3 57 Silverado Ranch 34 50 46 46 39 55 2 17 Silverst one Ranch 7 9 15 7 9 15 1 40 Sout hern Highlands 37 51 60 50 64 36 4 26 Spring Valley 18 35 38 35 25 29 2 27 Summerlin 67 70 74 67 66 53 3 32 Sun Cit y Ant hem 35 40 44 41 26 35 3 33 Sun Cit y Summerlin 40 30 29 46 22 33 2 24 The Lakes 19 18 12 16 27 25 3 33 Ot her Groups Boulder Cit y 23 17 28 16 14 25 3 69 Pahrump/Ny e 52 55 53 67 53 42 5 57 High Rise Sales 90 86 86 94 90 92 5 71 Luxury Sales ($1M+) 46 37 44 58 43 62 10 98
SFR Closed Average Sales Prices in Selected Communities - Last Six Months 2018 March April May June July August Aliant e 334,667 363,514 365,232 348,232 355,022 357,406 Ant hem 415,641 421,192 409,711 445,121 419,112 442,353 Cent ennial Hills 314,114 364,592 355,383 403,452 378,616 369,050 Desert /Sout h Shores 362,829 368,498 399,475 379,572 394,915 373,270 Green Valley 345,843 396,085 405,947 386,645 398,525 378,686 Green Valley Ranch 405,496 430,253 426,800 462,195 483,688 374,577 Inspirada 403,043 430,503 377,319 365,781 407,929 417,697 Iron Mount ain Ranch 302,590 345,460 366,794 354,693 318,688 407,450 Lake Las Vegas 668,129 572,333 619,066 633,102 630,034 982,967 Mount ains Edge 315,927 327,945 340,102 336,342 328,815 337,570 Peccole Ranch 341,184 323,697 354,171 343,500 368,618 347,036 Providence 310,823 320,107 310,865 323,126 318,862 320,218 Red Rock Count ry Club 1,348,300 728,333 1,068,869 1,015,350 984,999 1,163,000 Rhodes Ranch 388,861 447,280 376,308 405,343 345,392 383,215 Seven Hills 601,784 465,900 472,293 424,783 830,068 636,965 Siena (SFR & TWH) 445,654 550,445 429,357 416,450 387,350 464,700 Silverado Ranch 302,435 300,152 325,191 313,562 320,123 310,599 Silverst one Ranch 337,929 326,333 356,273 398,143 377,878 368,767 Sout hern Highlands 442,603 419,301 514,529 430,605 476,798 452,183 Spring Valley 262,417 293,308 308,978 305,216 341,512 316,418 Summerlin 845,897 547,365 489,646 590,523 526,277 521,978 Sun Cit y Ant hem 390,997 428,486 416,116 416,866 432,846 447,191 Sun Cit y Summerlin 371,135 326,915 372,425 348,213 373,707 360,141 The Lakes 344,394 340,556 441,667 520,750 374,970 360,926 Ot her Groups Boulder Cit y 316,278 384,282 443,557 339,867 369,814 444,061 Pahrump/Ny e 212,194 251,978 252,549 241,070 243,171 269,222 High Rise Sales 431,462 413,419 352,070 513,808 445,687 518,059 Luxury Sales ($1M+) 2,073,490 1,664,883 1,546,106 1,665,994 1,621,640 1,832,544 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 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 2691 2606 2974 2227 1977 2624 2031 2922 2441 2417 2935 2720 3308 2379 3091 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 776 805 718 674 726 586 674 704 586 850 609 521 688 708 800 543 493 580 665 859 703 603 544 565 443 919 572 658 570 410 434 742 586 810 615 799 612 497 532 732 814 595 725 546 512 688 864 613 656 770 843 691 544 555 610 824 656 796 827 917 789 678 613 575 716 737 690 657 785 751 549 582 810 742 657 710 674 565 557 663 694 727 649 651 846 728 775 544 624 711 739 609 604 506 647 562 623 691 680 442 529 567 578 461 437 516 440 594 621 600 479 461 408 429 531 554 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 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 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 500 450 400 350 300 250 200 150 100 50 0 46 39 40 62 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 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 10 -
SFR Market Prices 500,000 450,000 400,000 350,000 428,817 349,679 300,000 250,000 200,000 295,000 150,000 100,000 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-18 400,000 Single Family Residential Price Trend 349,679 350,000 350,000 300,000 300,000 250,313 295,000 250,000 250,000 200,000 182,419 200,000 148,729 150,000 150,000 100,000 100,000 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% 12.6% 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-YTD -40.0% Ave Pct Change
Last Month's Closings by Type REO 1.2% Traditional Equity 97.3% Short Sales 1.5%
Closed Units by Price Point 400-700K 12% 700K+ 3% <250K 38% 250-400K 47%
CLOSED VOLUME BY PRICE POINT 400-700K 19% 700K+ 13% <250K 22% 250-400K 46%
Last Month's Closings by Sold Terms FHA 11% VA 8% Other 1% Cash 25% Conv 54%
Closings By Sold Terms Closings Less Than $250,000 FHA 14% VA 5% Other 1% Cash 31% Conv 50%
Closings By Sold Terms Closings Between $250,000 and $400,000 FHA 12% VA 11% Other 1% Cash 21% Conv 54%
Closings By Sold Terms Closings Between $400,000 and $700,000 FHA 0% VA 9% Other 2% Cash 21% 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 6.0 Single Family Residential Homes Months of Inventory 5.0 4.6 4.0 3.0 2.0 2.0 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 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 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