September 217 Greater Las Vegas Market Update Greater Las Vegas Snapshot by Sale Type Last Available Pending Month's Median List Price List Price Median Price Price Months 3 Day of Absorption DOM Inventory Rate SFR 5,53 4,74 3,2 348,888 559,598 26, 294,696 1.7 59.5% 34 CON/TWH 6 938 7 159,945 21,2 137, 149,839 1.1 93.7% Total Residential 6,9 5,642 3,999 234,9 298,41 21, 243,786 1.6 63.7% 55 HiRise 44 117 82 428, 7,972,5 428,138 5.4 18.6% 69 Multiple Dwelling 57 69 35 265, 266,861 232,5 216,484 1.6 61.4% 37 Vacant Land 2,395 163 99 67, 297,492 47,5 141,293 24.2 4.1% 283 YTD Available Pending Luxury Sales (RES & VER) $1M+ 58 Median List Price List Price Median Price Months Absorption of Price Rate DOM Inventory 1,749,998 2,668,433 1,385, 1,7,117 294 16 8.3% This data includes all GLVAR listings and sales within the Greater Las Vegas market area. CLOSED UNITS BY PRICE POINT SFR Market Prices 5, 75K+ 1% 4575K 6% 45, 4, 35, <K 54% 3, 45K 39%, 2, 15, 1, 5, Median CLOSED VOLUME BY PRICE POINT Single Family Residential Price Trend 35, 294,664 3, 26,,313, 2, 15, 4575K 13% 75K+ 6% <K 35% 182,419 45K 46% 148,729 1, 5, Jul17 Mar17 Nov16 Jul16 Mar16 Nov15 Jul15 Mar15 Jul14 Nov14 Mar14 Jul13 Nov13 Mar13 Jul12 Nov12 Mar12 Median 17
41, 4, 397,76 September 217 Greater Las Vegas Market Update Greater Las Vegas SFR List vs Closed Sale Prices R12 Ave Over Pricing is $31,864 39, 383,2 386,16 38, 37, 36, 35, 34,748 354,152 34, 33, 32, "R12 Ave" is a Rolling 12 Month of the Prices This chart is based on SFR listings with a List Price between $, and $1,, The Index is based on the Percentage of SFR listings that have been on the market for more than 3 days 31, Mar12 Jul12 Nov12 Mar13 Jul13 Nov13 Mar14 Jul14 Nov14 Mar15 Jul15 Nov15 Mar16 Jul16 Nov16 Mar17 Jul17 Mar12 Jul12 Nov12 Mar13 Jul13 Nov13 Mar14 Jul14 Nov14 Mar15 Jul15 Nov15 Mar16 Jul16 Nov16 Mar17 Jul17 Greater Las Vegas CON/TWN Original List vs Closed Sale Prices 16, R12 Ave Original List R12 Ave 144,419 14, 12, 133,629 1, 8, 6, 79,115 64,73 Over Pricing is $1,79 4, 2, "R12 Ave" is a Rolling 12 Month of the Prices This chart is based on Condo/Townhome listings with an Original List Price below $1,, The Index is based on the Percentage of CON/TWN listings that have been on the market for more than 3 days
September 217 Greater Las Vegas Market Update SINGLE FAMILY RESIDENTIAL CLOSINGS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2379 221 2636 2669 293 2943 2964 374 349 2958 2639 2 2691 266 22 19 2624 231 2441 2417 2935 2 2379 3114 2867 28 2838 3178 2642 33 2675 3 368 2823 51 2613 53 287 37 6 99 28 1966 2117 32 3141 36 35 287 321 2263 2284 268 1793 1885 215 213 214 215 216 217 CONDO / TOWNHOME CLOSINGS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 521 688 493 58 5 586 544 443 41 434 497 532 572 615 7 595 691 678 546 512 544 555 613 575 688 61 716 6 796 81 649 69 549 582 5 557 544 624 2 657 651 647 785 663 711 529 461 437 516 7 479 461 48 429 531 213 214 215 216 217
Mar 217 September 217 Greater Las Vegas Market Update SFR Closed Sales in Selected Communities Last Six Months Apr May Jun Jul Aug Sparklines Months of Inventory Ave Days to Sell Aliant e 28 29 35 38 37 38 2 35 Ant hem 26 32 33 2 26 21 2 41 Cent ennial Hills 31 43 37 44 39 45 1 17 Desert /Sout h Shores 21 31 16 19 32 22 3 39 Green Valley 72 47 63 6 54 46 3 21 Green Valley Ranch 21 18 23 23 22 22 1 24 Inspirada 17 16 31 16 19 3 69 Iron Mount ain Ranch 14 11 19 15 17 1 2 19 Mount ains Edge 91 76 94 96 13 87 2 34 Peccole Ranch 18 19 11 22 18 19 2 3 Providence 48 42 49 65 49 46 2 28 Red Rock Count ry Club 18 7 9 12 7 5 8 73 Rhodes Ranch 33 16 18 16 37 3 42 Seven Hills 19 14 2 23 17 3 2 47 Siena 14 18 11 18 12 14 4 43 Silverado Ranch 39 29 57 52 48 55 2 34 Sout hern Highlands 51 71 51 52 51 3 32 Spring Valley 19 22 32 34 24 3 33 Summerlin 13 116 121 126 85 82 3 46 Sun Cit y Ant hem 4 47 43 31 4 48 Sun Cit y Summerlin 38 34 37 35 3 2 47 The Lakes 15 17 22 3 23 2 24 Ot her Groups Boulder Cit y 2 15 28 22 18 24 3 58 Pahrump/Nye 51 46 68 51 44 52 4 67 High Rise Sales 93 82 11 92 82 6 69 Luxury Sales ($1M+) 45 45 44 35 16 93 SFR Closed Sales Prices in Selected Communities Last Six Months March Price April May June July August 217 Movement Aliant e 298,657 29,955 35,514 328,572 294,864 31,232 Ant hem 42,284 412,667 391,933 362,754 374,858 467,268 Cent ennial Hills 297,233 318,195 329,143 289,313 294,9 36,646 Desert /Sout h Shores 37,123 387,894 334, 33,699 329,53 351,159 Green Valley 315,1 39,1 326,488 313,47 3,54 329,148 Green Valley Ranch 338,495 387,667 334,848 411,951 369,173 44,4 Inspirada 359,1 347,97 369,35 351,624 361,584 42,236 Iron Mount ain Ranch 294,343 31,445 314,958 8,167 39,7 261,2 Mount ains Edge 284,186 297,72 291,36 36,215 34,245 37,798 Peccole Ranch 32,969 29,175 334,173 33,923 3,617 314,18 Providence 2,839 7,89 9,452 293,374 281,46 8,317 Red Rock Count ry Club 955,76 744,286 1,194,889 955,55 92,286 762,422 Rhodes Ranch 321,379 326,211 338,472 347,883 365,467 341,593 Seven Hills 61, 394,582 579,2 472,458 586,232 581,1 Siena 45,21 416,78 452,2 432,667 344,18 394,48 Silverado Ranch 2,979 245,17 262,974 2,516 299,188 28,9 Sout hern Highlands 372,158 463,499 45,792 379,811 389,61 512,4 Spring Valley 244,629 265,99 264,846 1,942 282,414 263,151 Summerlin 415,238 467,2 52,249 491,816 615,155 481,472 Sun Cit y Ant hem 351,15 37,46 399,368 414,499 41,9 419,88 Sun Cit y Summerlin 31,892 35,994 341,66 324,63 8, 33,61 The Lakes 392,122 329,735 328,69 364,58 323,624 316,965 Ot her Groups Boulder Cit y 334,8 314,453 284,224 345,348 3,639 35,817 Pahrump/Nye 179,41 19,339 28,6 29,29 23,185 21,6 High Rise Sales 536,449 361,133 515,67 479,3 39,954 428,138 Luxury Sales ($1M+) 1,824,855 1,6,793 1,4,594 1,655,854 1,829,818 1,487,683
September 217 Greater Las Vegas Market Update Single Family Residences (SFR) 1, 9, 8, 7, 6, 5, Available 4, 3, 2, 1, 6 Residential Listings Taken vs Listings 5 4 Listed 3 2 1
September 217 Greater Las Vegas Market Update Vertical / HiRise Closings Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 9 8 93 44 7 45 72 6 5 4 53 58 62 7 61 45 61 53 53 51 61 48 71 75 92 11 83 58 55 82 82 3 2 1 86 74 63 58 5 81 6 63 57 93 5 92 63 49 53 54 7 37 4 45 51 213 214 215 216 217 Greater Las Vegas Luxury Sales $1,, and Over Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 35 3 2 15 1 5 28 28 22 33 26 31 36 19 26 31 24 24 44 23 23 26 45 29 2 33 35 36 35 35 33 26 36 32 19 28 3 34 32 45 2 26 24 2 18 17 19 213 214 215 216 217
September 217 Greater Las Vegas Market Update 3 2 15 1 5 Jan6 May6 Sep6 Jan7 May7 Sep7 Jan8 May8 Sep8 Jan9 May9 Sep9 Jan1 May1 Sep1 Jan11 May11 Sep11 Jan6 May6 Sep6 Jan7 May7 Sep7 Jan8 May8 Sep8 Jan9 May9 Sep9 Jan1 May1 Sep1 Jan11 May11 Sep11 Closed By Price Point 1K 1K 5K Closed By Price Point 575K 75K1M 1M+ 2 15 1 5
Jan6 May6 Sep6 Jan7 May7 Sep7 Jan8 May8 Sep8 Jan9 May9 Sep9 Jan1 May1 Sep1 Jan11 May11 Sep11 Jan6 May6 Sep6 Jan7 May7 Sep7 Jan8 May8 Sep8 Jan9 May9 Sep9 Jan1 May1 Sep1 Jan11 May11 Sep11 September 217 Greater Las Vegas Market Update Last Month's Closings by Type Single Family Residences (SFR) Last Month's Closings by Terms 1, Traditional Equity 93% REO 3% Short Sales 4% 9, 8, 7, 6, 5, 4, Available FHA 18% VA 9% Other 1% Conv 45% Cash 26% 3, 2, 1, 3 YTD Closed 216 YTD Closed 217 Change % Change,36 3,15 2,745 1.% Closed By Price Point 1K 1K 5K Closed By Price Point 575K 75K1M 1M+ 2 2 15 15 1 1 5 5 SFR Closed Sales in Selected Communities Last Six Months Mar 217 Apr May Jun Jul Aug Sparklines Equity Title of Nevada (72) 4321111 www.equitynv.com Months of Inventory Ave Days to Sell Aliant e 28 29 35 38 37 38 2 35 Ant hem 26 32 33 2 26 21 2 41 Cent ennial Hills 31 43 37 44 39 45 1 17 Desert /Sout h Shores 21 31 16 19 32 22 3 39 Green Valley 72 47 63 6 54 46 3 21 Green Valley Ranch 21 18 23 23 22 22 1 24 Inspirada 17 16 31 16 19 3 69 Iron Mount ain Ranch 14 11 19 15 17 1 2 19 Mount ains Edge 91 76 94 96 13 87 2 34 Peccole Ranch 18 19 11 22 18 19 2 3 Providence 48 42 49 65 49 46 2 28 Red Rock Count ry Club 18 7 9 12 7 5 8 73 Rhodes Ranch 33 16 18 16 37 3 42 Seven Hills 19 14 2 23 17 3 2 47 Siena 14 18 11 18 12 14 4 43 Silverado Ranch 39 29 57 52 48 55 2 34 Sout hern Highlands 51 71 51 52 51 3 32 Spring Valley 19 22 32 34 24 3 33 Summerlin 13 116 121 126 85 82 3 46 Sun Cit y Ant hem 4 47 43 31 4 48 Sun Cit y Summerlin 38 34 37 35 3 2 47 The Lakes 15 17 22 3 23 2 24 Ot her Groups Boulder Cit y 2 15 28 22 18 24 3 58 Pahrump/Nye 51 46 68 51 44 52 4 67 High Rise Sales 93 82 11 92 82 6 69 Luxury Sales ($1M+) 45 45 44 35 16 93