Available Units Pending Units Las Vegas Market Update - June 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 4,547 4,637 3,144 385,000 623,775 295,000 340,690 1.4 69.1% 30 CON/TWH 899 1,084 750 162,500 197,532 1,660,000 169,457 1.2 83.4% 23 Total Residential 5,446 5,721 3,894 234,900 298,401 210,000 243,786 1.4 71.5% 55 Hi-Rise 376 132 86 425,000 782,646 303,000 333,271 5.4 22.9% 61 Multiple Dwelling 76 63 46 27,000 315,018 276,750 268,793 1.7 60.5% 40 Vacant Land 2,235 215 128 69,000 349,619 55,000 183,143 17.5 5.7% 204 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+ 500 96 200 1,775,000 2,634,753 1,350,000 1,824,407 13 5.7% 91 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 - June 2018 Greater Las Vegas SFR Average List vs Closed Sale Prices R12 Ave Available R12 Ave Sold 411,917 400,000 396,627 383,102 380,000 Average Over Pricing is $50,552 361,365 360,000 339,552 340,000 320,000 300,000 "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 - June 2018 Greater Las Vegas CON/TWN Average Original List vs Closed Sale Prices R12 Ave Original List R12 Ave Sold 179,373 170,000 150,000 130,000 Average Over Pricing is $22,061 157,312 110,000 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
Dec Las Vegas Market Update - June 2018 SFR Closed Sales in Selected Communities - Last Six M onths Jan 2018 Feb Mar Apr May Sparklines Months of Inventory Ave Days to Sell Aliant e 25 23 17 32 29 27 2 27 Ant hem 24 12 12 23 19 19 2 33 Cent ennial Hills 29 21 20 35 30 31 2 17 Desert /Sout h Shores 23 10 21 21 23 29 1 27 Green Valley 43 42 35 61 40 51 2 27 Green Valley Ranch 11 10 17 20 17 28 1 20 Inspirada 11 13 13 26 37 23 2 33 Iron Mount ain Ranch 9 9 7 11 11 17 1 31 Mount ains Edge 57 50 51 80 71 80 2 24 Peccole Ranch 13 9 10 19 13 14 1 26 Providence 41 30 38 43 39 51 1 20 Red Rock Count ry Club 4 4 7 10 6 12 3 44 Rhodes Ranch 24 17 11 26 24 36 2 52 Seven Hills 20 17 17 16 15 14 4 34 Siena (SFR & TWH) 11 16 14 26 15 14 4 95 Silverado Ranch 33 31 26 34 50 46 1 24 Silverst one Ranch 7 6 7 7 9 15 1 72 Sout hern Highlands 47 32 38 37 51 60 2 25 Spring Valley 24 24 16 18 35 38 2 28 Summerlin 50 40 39 67 70 73 2 31 Sun Cit y Ant hem 28 25 26 35 40 44 2 39 Sun Cit y Summerlin 34 29 44 40 30 29 2 33 The Lakes 15 14 15 19 18 12 4 37 Ot her Groups Boulder Cit y 16 13 10 23 17 28 3 61 Pahrump/Ny e 51 50 47 52 55 53 3 52 High Rise Sales 85 64 78 90 86 86 5 61 Luxury Sales ($1M+) 46 25 51 46 37 44 13 63
SFR Closed Average Sales Prices in Selected Communities - Last Six Months December January 2018 February March April May Aliant e 309,216 317,300 312,141 334,667 363,514 365,232 Ant hem 426,513 427,833 379,942 415,641 421,192 409,711 Cent ennial Hills 374,963 311,114 331,323 314,114 364,592 355,383 Desert /Sout h Shores 340,648 310,989 410,630 362,829 368,498 399,475 Green Valley 346,885 370,512 412,891 345,843 396,085 405,947 Green Valley Ranch 306,973 434,200 404,971 405,496 430,253 426,800 Inspirada 425,231 440,511 371,935 403,043 430,503 377,319 Iron Mount ain Ranch 338,722 261,822 261,500 302,590 345,460 366,794 Mount ains Edge 311,618 311,822 313,489 315,927 327,945 340,102 Peccole Ranch 324,485 335,722 330,199 341,184 323,697 354,171 Providence 291,317 299,256 307,628 310,823 320,107 310,865 Red Rock Count ry Club 1,216,250 1,100,000 1,490,000 1,348,300 728,333 1,068,869 Rhodes Ranch 358,663 349,829 364,715 388,861 447,280 376,308 Seven Hills 578,995 639,641 647,618 601,784 465,900 472,293 Siena 427,000 504,154 495,855 445,654 550,445 429,357 Silverado Ranch 253,261 293,097 301,917 302,435 300,152 325,191 Silverst one Ranch 363,357 287,698 309,000 337,929 326,333 356,273 Sout hern Highlands 486,636 517,648 819,786 442,603 419,301 514,529 Spring Valley 267,680 276,010 267,094 262,417 293,308 308,978 Summerlin 469,434 517,523 455,992 845,897 547,365 489,646 Sun Cit y Ant hem 410,725 416,893 416,823 390,997 428,486 416,116 Sun Cit y Summerlin 324,766 335,193 302,522 371,135 326,915 372,425 The Lakes 345,387 467,114 372,950 344,394 340,556 441,667 Ot her Groups Boulder Cit y 444,616 344,154 364,350 316,278 384,282 443,557 Pahrump/Ny e 218,016 206,323 214,400 212,194 251,978 252,549 High Rise Sales 625,043 533,857 665,591 431,462 413,419 352,070 Luxury Sales ($1M+) 1,940,647 1,895,827 1,975,000 2,073,490 1,664,883 1,546,106 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 2691 2227 2599 3242 3358 2666 2636 2031 2806 2669 3076 3229 3706 2417 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 2606 2974 1977 2624 2922 2441 2935 2720 3308 2379 3114 2867 3141 2568 2838 3178 2642 3677 3273 2675 3056 3525 3144 3068 2823 2751 2870 2882 2613 2753 2870 3210 3166 2537 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 776 805 718 674 726 586 674 704 586 609 521 688 850 708 800 543 493 580 665 603 859 703 544 565 443 919 572 658 570 410 434 742 586 810 615 799 612 497 532 732 595 725 546 512 688 864 613 656 843 691 544 555 610 824 656 796 917 678 789 613 575 716 690 657 785 750 549 582 737 810 742 657 710 674 565 557 663 694 727 649 651 846 728 775 544 624 711 738 609 604 506 647 562 623 691 680 442 529 567 578 461 437 516 440 594 621 600 479 461 408 429 531 554 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 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 27 24 44 23 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 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 Mar-18 May-18 Las Vegas Market Update - June 2018 Luxury Market - $1,000,000 and Over Months of Inventory 60 53 50 40 30 31 29 24 20 16 21 21 14 11 19 13 10 -
SFR Market Prices 500,000 450,000 400,000 428,817 350,000 340,690 300,000 250,000 295,000 200,000 150,000 100,000 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 - June 2018 400,000 Single Family Residential Price Trend 350,000 340,690 300,000 250,313 250,000 295,000 200,000 148,729 182,419 150,000 100,000 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% 11.3% 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+ 10% <250K 25% 250-400K 43%
Last Month's Closings by Sold Terms FHA 13% VA 9% Other 1% Cash 25% Conv 52%
Closings By Sold Terms Closings Less Than $250,000 FHA 18% VA 6% Other 2% Cash 34% Conv 40%
Closings By Sold Terms Closings Between $250,000 and $400,000 FHA 14% VA 12% Other 1% Cash 16% Conv 57%
Closings By Sold Terms Closings Between $400,000 and $700,000 FHA 1% VA 9% Other 1% 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 Las Vegas Market Update - June 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 - June 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 - June 2018 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