Available Units Pending Units Las Vegas Market Update - July 2018 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 4,702 4,467 3,261 385,000 618,212 290,000 337,938 1.4 69.4% 27 CON/TWH 915 1,038 820 165,000 196,405 166,250 177,927 1.1 89.6% 24 Total Residential 5,617 5,505 4,081 234,900 298,401 210,000 243,786 1.4 72.7% 55 Hi-Rise 352 130 94 449,000 824,547 360,450 513,808 4.7 26.7% 42 Multiple Dwelling 83 50 30 317,000 326,334 289,500 306,380 2.8 36.1% 46 Vacant Land 2,249 173 111 69,900 361,983 30,000 108,213 20.3 4.9% 216 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+ 499 89 260 1,799,900 2,652,324 1,365,000 1,799,631 10 7.4% 87 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-18 420,000 Las Vegas Market Update - July 2018 Greater Las Vegas SFR Average List vs Closed Sale Prices R12 Ave Available R12 Ave Sold 416,847 400,000 396,627 383,102 380,000 Average Over Pricing is $55,136 361,711 360,000 339,552 340,000 320,000 300,000 "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-18 190,000 Las Vegas Market Update - July 2018 Greater Las Vegas CON/TWN Average Original List vs Closed Sale Prices R12 Ave Original List R12 Ave Sold 181,805 170,000 160,363 150,000 130,000 Average Over Pricing is $21,442 110,000 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
Jan 2018 Las Vegas Market Update - July 2018 SFR Closed Sales in Selected Communities - Last Six M onths Feb Mar Apr May Jun Sparklines Months of Inventory Ave Days to Sell Aliant e 23 17 32 29 27 32 2 24 Ant hem 12 12 23 19 19 23 2 39 Cent ennial Hills 21 20 35 30 31 32 2 33 Desert /Sout h Shores 10 21 21 23 29 18 3 45 Green Valley 42 35 61 40 51 66 1 21 Green Valley Ranch 10 17 20 17 28 22 2 15 Inspirada 13 13 26 37 23 17 3 20 Iron Mount ain Ranch 9 7 11 11 17 15 1 15 Mount ains Edge 50 51 80 71 80 85 2 18 Peccole Ranch 9 10 19 13 14 18 1 19 Providence 30 38 43 39 51 60 1 16 Red Rock Count ry Club 4 7 10 6 12 10 4 75 Rhodes Ranch 17 11 26 24 37 23 3 42 Seven Hills 17 17 16 15 14 12 5 87 Siena (SFR & TWH) 16 14 26 15 14 17 2 54 Silverado Ranch 31 26 34 50 46 45 2 18 Silverst one Ranch 6 7 7 9 15 7 3 5 Sout hern Highlands 32 38 37 51 60 50 3 24 Spring Valley 24 16 18 35 38 34 2 30 Summerlin 40 39 67 70 74 67 2 36 Sun Cit y Ant hem 25 26 35 40 44 41 2 37 Sun Cit y Summerlin 29 44 40 30 29 46 1 23 The Lakes 14 15 19 18 12 16 4 35 Ot her Groups Boulder Cit y 13 10 23 17 28 16 5 39 Pahrump/Ny e 50 47 52 55 53 67 2 50 High Rise Sales 64 78 90 86 86 94 5 42 Luxury Sales ($1M+) 25 51 46 37 44 57 10 87
SFR Closed Average Sales Prices in Selected Communities - Last Six Months January 2018 February March April May June Aliant e 317,300 312,141 334,667 363,514 365,232 348,232 Ant hem 427,833 379,942 415,641 421,192 409,711 445,121 Cent ennial Hills 311,114 331,323 314,114 364,592 355,383 403,452 Desert /Sout h Shores 310,989 410,630 362,829 368,498 399,475 379,572 Green Valley 370,512 412,891 345,843 396,085 405,947 386,645 Green Valley Ranch 434,200 404,971 405,496 430,253 426,800 462,195 Inspirada 440,511 371,935 403,043 430,503 377,319 365,781 Iron Mount ain Ranch 261,822 261,500 302,590 345,460 366,794 354,693 Mount ains Edge 311,822 313,489 315,927 327,945 340,102 336,342 Peccole Ranch 335,722 330,199 341,184 323,697 354,171 343,500 Providence 299,256 307,628 310,823 320,107 310,865 323,126 Red Rock Count ry Club 1,100,000 1,490,000 1,348,300 728,333 1,068,869 1,015,350 Rhodes Ranch 349,829 364,715 388,861 447,280 376,308 405,343 Seven Hills 639,641 647,618 601,784 465,900 472,293 424,783 Siena 504,154 495,855 445,654 550,445 429,357 420,065 Silverado Ranch 293,097 301,917 302,435 300,152 325,191 313,562 Silverst one Ranch 287,698 309,000 337,929 326,333 356,273 398,143 Sout hern Highlands 517,648 819,786 442,603 419,301 514,529 430,605 Spring Valley 276,010 267,094 262,417 293,308 308,978 305,216 Summerlin 517,523 455,992 845,897 547,365 489,646 590,523 Sun Cit y Ant hem 416,893 416,823 390,997 428,486 416,116 416,866 Sun Cit y Summerlin 335,193 302,522 371,135 326,915 372,425 348,213 The Lakes 467,114 372,950 344,394 340,556 441,667 520,750 Ot her Groups Boulder Cit y 344,154 364,350 316,278 384,282 443,557 339,867 Pahrump/Ny e 206,323 214,400 212,194 251,978 252,549 241,070 High Rise Sales 533,857 665,591 431,462 413,419 352,070 513,808 Luxury Sales ($1M+) 1,895,827 1,975,000 2,073,490 1,664,883 1,546,106 1,675,047 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 2964 2642 3178 3677 3261 3273 2675 3056 3074 3525 3146 2823 2751 3068 3049 2870 2882 2613 2753 2870 2958 2537 2706 2799 3210 3166 2639 2008 1966 2117 2263 2134 2284 2068 1793 1885 2150 2266 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 776 805 718 674 726 586 674 704 586 609 521 688 850 708 800 543 493 580 665 603 859 703 544 565 443 919 572 658 570 410 434 742 586 810 615 799 612 497 532 732 595 725 546 512 688 864 613 656 843 691 544 555 610 824 656 796 820 917 678 789 613 575 716 690 657 785 751 549 582 737 810 742 657 710 674 565 557 663 694 727 649 651 846 728 775 544 624 711 739 609 604 506 647 562 623 691 680 442 529 567 578 461 437 516 440 594 621 600 479 461 408 429 531 554 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 77 61 83 45 56 77 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 28 27 28 35 22 33 26 31 36 35 19 26 31 24 24 27 44 23 57 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 Las Vegas Market Update - July 2018 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 500,000 450,000 400,000 350,000 428,817 337,938 300,000 250,000 200,000 290,000 150,000 100,000 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 Las Vegas Market Update - July 2018 400,000 Single Family Residential Price Trend 350,000 337,938 300,000 250,313 250,000 290,000 200,000 148,729 182,419 150,000 100,000 50,000 - Average Median
$350,000 SFR Average Price and Year Over Year Percent Change 40.0% $300,000 29.4% 30.0% $250,000 20.0% $200,000 8.4% 10.9% 7.4% 4.9% 11.1% 11.8% 10.0% -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% Traditional Equity 97% Short Sales 2%
Closed Units by Price Point 400-700K 13% 700K+ 3% <250K 41% 250-400K 43%
CLOSED VOLUME BY PRICE POINT 400-700K 22% 700K+ 9% <250K 25% 250-400K 44%
Last Month's Closings by Sold Terms FHA 12% VA 8% Other 1% Cash 24% Conv 55%
Closings By Sold Terms Closings Less Than $250,000 FHA 16% VA 5% Other 2% Cash 30% Conv 48%
Closings By Sold Terms Closings Between $250,000 and $400,000 FHA 13% VA 11% Other 1% Cash 19% Conv 56%
Closings By Sold Terms Closings Between $400,000 and $700,000 FHA 0% VA 9% Other 2% Cash 19% Conv 70%
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 Las Vegas Market Update - July 2018 6.0 Single Family Residential Homes Months of Inventory 5.0 4.6 4.0 3.0 2.0 1.4 1.0 -
6000 Residential Listings Taken vs Listings Sold 5000 4000 3000 Listed 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 Las Vegas Market Update - July 2018 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 Las Vegas Market Update - July 2018 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