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 4,074 4,200 2,122 360,943 606,690 275,000 335,689 1.9 52.1% 38 CON/TWH 766 901 575 169,900 210,690 150,000 158,897 1.3 75.1% 29 Total Residential 4,840 5,101 2,697 234,900 298,401 210,000 243,786 1.8 55.7% 55 Hi-Rise 363 132 78 409,000 721,142 442,500 665,591 5.7 21.5% 52 Multiple Dwelling 56 86 28 287,500 316,406 262,500 278,829 2.0 50.0% 25 Vacant Land 2,267 211 115 65,000 320,427 45,000 135,848 19.7 5.1% 261 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+ 434 77 75 1,749,950 2,705,680 1,400,000 1,946,954 10 2.5% 117 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 Greater Las Vegas SFR Average List vs Closed Sale Prices 410,000 400,000 397,706 R12 Ave Available R12 Ave Sold Average Over Pricing is $33,475 392,183 390,000 383,256 380,000 370,000 360,000 358,708 350,000 340,748 340,000 "R12 Ave" is a Rolling 12 Month Average of the Prices 330,000 This chart is based on SFR listings with a List Price between $250,000 and $1,000,000 320,000 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 Nov-17 Jan-18 180,000 160,000 Greater Las Vegas CON/TWN Average Original List vs Closed Sale Prices R12 Ave Original List R12 Ave Sold 163,030 140,000 120,000 147,287 100,000 80,000 60,000 40,000 20,000 79,115 64,073 Average Over Pricing is $15,743 "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 -
SFR Closed Sales in Selected Communities - Last Six M onths Sep Oct Nov Dec Ave Jan Months of Feb Sparklines Days 2018 Inventory to Sell Aliant e 20 28 21 25 23 17 2 47 Ant hem 16 24 17 24 12 12 3 33 Cent ennial Hills 50 24 26 29 21 20 2 20 Desert /Sout h Shores 18 26 15 23 10 21 2 71 Green Valley 55 53 36 43 42 35 2 43 Green Valley Ranch 16 9 22 11 10 17 1 24 Inspirada 20 30 11 11 13 13 3 52 Iron Mount ain Ranch 9 12 10 9 9 7 2 11 Mount ains Edge 66 85 56 57 50 51 2 26 Peccole Ranch 15 16 14 13 9 10 1 114 Providence 58 47 38 41 30 38 1 23 Red Rock Count ry Club 6 10 5 4 4 6 6 104 Rhodes Ranch 22 30 23 24 17 11 7 30 Seven Hills 21 15 9 20 17 17 2 46 Siena (SFR & TWH) 5 11 9 11 16 14 4 70 Silverado Ranch 57 43 39 33 31 26 2 33 Sout hern Highlands 50 48 38 47 32 38 4 57 Spring Valley 22 26 33 24 24 16 4 37 Summerlin 75 60 61 50 40 39 4 37 Sun Cit y Ant hem 27 33 31 28 25 26 4 50 Sun Cit y Summerlin 38 40 40 34 29 44 1 32 The Lakes 18 13 19 15 14 15 3 48 Ot her Groups Boulder Cit y 10 25 16 16 13 10 6 65 Pahrump/Ny e 46 46 36 51 50 47 4 60 High Rise Sales 62 94 80 85 64 78 6 52 Luxury Sales ($1M+) 35 40 39 46 25 51 10 104
SFR Closed Average Sales Prices in Selected Communities - Last Six Months Septemb January October November December er 2018 February Aliant e 297,970 298,046 310,467 309,216 317,300 312,141 Ant hem 354,869 396,720 420,553 426,513 427,833 379,942 Cent ennial Hills 318,094 314,457 319,050 374,963 311,114 331,323 Desert /Sout h Shores 334,978 370,112 364,983 340,648 310,989 410,630 Green Valley 320,454 323,157 331,959 346,885 370,512 412,891 Green Valley Ranch 395,131 413,322 345,750 306,973 434,200 404,971 Inspirada 378,027 396,205 424,470 425,231 440,511 371,935 Iron Mount ain Ranch 254,517 297,917 279,095 338,722 261,822 261,500 Mount ains Edge 307,175 315,382 294,820 311,618 311,822 313,489 Peccole Ranch 317,054 311,856 310,538 324,485 335,722 330,199 Providence 300,281 292,129 289,771 291,317 299,256 307,628 Red Rock Count ry Club 1,091,833 1,075,697 1,075,697 1,216,250 1,100,000 1,490,000 Rhodes Ranch 337,922 362,050 391,000 358,663 349,829 364,715 Seven Hills 671,752 561,544 825,667 578,995 639,641 647,618 Siena 381,700 448,364 402,403 427,000 504,154 495,855 Silverado Ranch 286,963 280,914 280,416 253,261 293,097 301,917 Sout hern Highlands 493,038 599,998 586,131 486,636 517,648 819,786 Spring Valley 303,803 272,999 297,754 267,680 276,010 267,094 Summerlin 523,376 507,260 501,881 469,434 517,523 455,992 Sun Cit y Ant hem 464,163 397,145 432,765 410,725 416,893 416,823 Sun Cit y Summerlin 364,874 318,167 320,911 324,766 335,193 302,522 The Lakes 328,594 324,838 329,957 345,387 467,114 372,950 Ot her Groups Boulder Cit y 314,800 380,471 300,425 444,616 344,154 364,350 Pahrump/Ny e 201,380 212,572 219,212 218,016 206,323 214,400 High Rise Sales 475,613 362,476 480,586 625,043 533,857 665,591 Luxury Sales ($1M+) 1,882,257 2,063,120 1,875,544 1,940,647 1,895,827 1,975,000 Price Movement
SINGLE FAMILY RESIDENTIAL CLOSINGS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 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 3420 3456 2961 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 2627 2379 2720 2602 2201 2691 2606 2974 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 2122 2284 2068 1793 1885 2150 2267 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 776 805 718 674 726 586 674 704 586 609 521 688 850 708 800 543 493 580 665 603 859 703 544 565 443 919 572 658 570 410 434 742 586 810 615 799 612 497 532 732 595 725 546 512 688 864 613 656 843 691 544 555 610 824 656 796 917 678 789 613 575 716 690 657 549 582 785 737 810 742 657 710 674 565 557 663 727 649 651 846 728 775 544 624 711 609 604 506 647 562 623 691 680 442 529 567 574 461 437 516 440 594 621 600 479 461 408 429 531 553 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 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 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 28 27 28 35 22 33 26 31 36 35 19 26 31 24 27 24 44 23 23 27 25 26 27 25 45 29 17 33 20 25 17 35 10 36 35 56 8 35 27 20 26 36 20 27 33 32 27 19 19 11 28 30 34 45 32 19 51 25 15 20 26 24 25 14 8 25 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 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 10 -
SFR Market Prices 500,000 450,000 400,000 350,000 336,478 300,000 250,000 200,000 275,000 150,000 100,000 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-18 400,000 Single Family Residential Price Trend 350,000 336,478 300,000 250,313 250,000 275,000 200,000 148,729 182,419 150,000 100,000 50,000 - Average Median
Last Month's Closings by Type Traditional Equity 96.1% REO 1.6% Short Sales 2.3%
Closed Units by Price Point 250-400K 37% 400-700K 11% 700K+ 3% <250K 49%
CLOSED VOLUME BY PRICE POINT 400-700K 18% 700K+ 14% <250K 30% 250-400K 38%
Last Month's Closings by Sold Terms FHA 12% VA 8% Other 2% Cash 33% Conv 45%
Closings By Sold Terms Closings Less Than $250,000 FHA 15% VA 7% Other 2% Cash 40% Conv 36%
Closings By Sold Terms Closings Between $250,000 and $400,000 FHA 12% VA 11% Other 1% Cash 24% Conv 51%
Closings By Sold Terms Closings Between $400,000 and $700,000 FHA 0% VA 10% Other 3% Cash 25% Conv 62%
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
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 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 Units 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