Available Units Pending Units Las Vegas Market Update - February 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 4,127 3,802 2,259 357,750 597,183 265,000 308,264 1.8 54.7% 42 CON/TWH 726 916 551 165,000 204,396 149,888 158,463 1.3 75.9% 36 Total Residential 4,853 4,718 2,810 234,900 298,401 210,000 243,786 1.7 57.9% 55 Hi-Rise 366 120 64 418,700 735,471 344,950 533,857 6.7 17.5% 92 Multiple Dwelling 63 70 36 295,000 325,822 255,000 247,208 1.8 57.1% 40 Vacant Land 2,243 173 107 65,000 316,190 39,900 110,569 21.0 4.8% 236 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+ 416 100 26 1,785,000 2,767,389 1,494,444 1,895,827 19 0.9% 136 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-18 410,000 400,000 390,000 397,706 Las Vegas Market Update - February 2018 Greater Las Vegas SFR Average List vs Closed Sale Prices R12 Ave Available R12 Ave Sold 383,256 Average Over Pricing is $30,186 388,030 380,000 370,000 360,000 357,844 350,000 340,748 340,000 330,000 320,000 "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 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 Las Vegas Market Update - February 2018 Greater Las Vegas CON/TWN Average Original List vs Closed Sale Prices R12 Ave Original List R12 Ave Sold 158,047 140,000 120,000 144,908 100,000 80,000 60,000 40,000 20,000 79,115 64,073 Average Over Pricing is $13,139 "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 Aug Sep Oct Nov Dec Ave Jan Months of Sparklines Days 2018 Inventory to Sell Aliant e 38 20 28 21 25 23 2 35 Ant hem 21 16 24 17 24 12 4 49 Cent ennial Hills 45 50 24 26 29 21 2 26 Desert /Sout h Shores 24 18 26 15 23 10 4 37 Green Valley 46 55 53 36 43 42 2 39 Green Valley Ranch 23 16 9 22 11 10 3 63 Inspirada 19 20 30 11 11 13 3 73 Iron Mount ain Ranch 10 9 12 10 9 9 2 29 Mount ains Edge 88 66 85 56 57 48 2 43 Peccole Ranch 19 15 16 14 13 9 2 49 Providence 46 58 47 38 41 30 2 30 Red Rock Count ry Club 5 6 10 5 4 4 4 110 Rhodes Ranch 37 22 30 23 24 17 5 35 Seven Hills 30 21 15 9 20 17 3 51 Siena (SFR & TWH) 14 5 11 9 11 16 4 84 Silverado Ranch 55 57 43 39 33 31 2 37 Sout hern Highlands 52 50 48 38 47 32 4 54 Spring Valley 25 22 26 33 24 24 2 38 Summerlin 84 75 60 61 50 40 4 57 Sun Cit y Ant hem 33 27 33 31 28 25 3 80 Sun Cit y Summerlin 30 38 40 40 34 29 2 54 The Lakes 23 18 13 19 15 14 3 57 Ot her Groups Boulder Cit y 24 10 25 16 16 13 5 64 Pahrump/Ny e 52 46 46 36 51 50 3 100 High Rise Sales 83 62 94 80 85 64 7 92 Luxury Sales ($1M+) 35 35 40 39 46 26 19 136
SFR Closed Average Sales Prices in Selected Communities - Last Six Months August September October November December January 2018 Aliant e 310,232 297,970 298,046 310,467 309,216 317,300 Ant hem 429,744 354,869 396,720 420,553 426,513 427,833 Cent ennial Hills 306,646 318,094 314,457 319,050 374,963 311,114 Desert /Sout h Shores 344,808 334,978 370,112 364,983 340,648 310,989 Green Valley 329,148 320,454 323,157 331,959 346,885 370,512 Green Valley Ranch 397,109 395,131 413,322 345,750 306,973 434,200 Inspirada 402,236 378,027 396,205 424,470 425,231 440,511 Iron Mount ain Ranch 261,200 254,517 297,917 279,095 338,722 261,822 Mount ains Edge 308,652 307,175 315,382 294,820 311,618 311,822 Peccole Ranch 314,018 317,054 311,856 310,538 324,485 335,722 Providence 278,317 300,281 292,129 289,771 291,317 299,256 Red Rock Count ry Club 762,422 1,091,833 1,075,697 1,075,697 1,216,250 1,100,000 Rhodes Ranch 341,593 337,922 362,050 391,000 358,663 349,829 Seven Hills 581,771 671,752 561,544 825,667 578,995 639,641 Siena 394,048 381,700 448,364 402,403 427,000 461,750 Silverado Ranch 280,259 286,963 280,914 280,416 253,261 293,097 Sout hern Highlands 507,001 493,038 599,998 586,131 486,636 517,648 Spring Valley 269,825 303,803 272,999 297,754 267,680 276,010 Summerlin 483,146 523,376 507,260 501,881 469,434 517,523 Sun Cit y Ant hem 417,615 464,163 397,145 432,765 410,725 416,893 Sun Cit y Summerlin 303,061 364,874 318,167 320,911 324,766 335,193 The Lakes 316,965 328,594 324,838 329,957 345,387 467,114 Ot her Groups Boulder Cit y 350,817 314,800 380,471 300,425 444,616 344,154 Pahrump/Ny e 210,060 201,380 212,572 219,212 218,016 206,323 High Rise Sales 427,496 475,613 362,476 480,586 625,043 533,857 Luxury Sales ($1M+) 1,487,683 1,882,257 2,063,120 1,875,544 1,940,647 1,895,827 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 2284 2068 1793 1885 2150 2259 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 776 805 718 674 726 586 674 704 586 609 521 688 850 708 800 543 493 580 665 603 859 703 544 565 443 919 572 658 570 410 434 742 586 810 615 799 612 497 532 732 595 725 546 512 688 864 613 656 843 691 544 555 610 824 656 796 917 678 789 613 575 716 690 657 549 582 785 737 810 742 657 710 674 565 557 663 727 649 651 846 728 775 544 624 711 609 604 506 647 562 623 691 680 442 529 567 461 437 516 440 594 621 600 479 461 408 429 531 551 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 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 25 15 20 26 24 25 14 8 25 20 18 17 19 26 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 Las Vegas Market Update - February 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 10 -
SFR Market Prices 500,000 450,000 400,000 350,000 308,264 300,000 250,000 200,000 265,000 150,000 100,000 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 Las Vegas Market Update - February 2018 350,000 Single Family Residential Price Trend 308,264 300,000 250,000 250,313 265,000 200,000 182,419 150,000 148,729 100,000 50,000 - Average Median
Last Month's Closings by Type Traditional Equity 95.5% REO 1.7% Short Sales 2.8%
Closed Units by Price Point 700K+ 2% 400-700K 28% <250K 39% 250-400K 31%
CLOSED VOLUME BY PRICE POINT 400-700K 18% 700K+ 9% <250K 33% 250-400K 40%
Last Month's Closings by Sold Terms FHA 16% VA 9% Other 1% Cash 30% Conv 44%
Closings By Sold Terms Closings Less Than $250,000 FHA 21% VA 7% Other 2% Cash 37% Conv 34%
Closings By Sold Terms Closings Between $250,000 and $400,000 FHA 14% VA 12% Other 1% Cash 21% Conv 52%
Closings By Sold Terms Closings Between $400,000 and $700,000 FHA 1% VA 7% Other 2% Cash 22% Conv 68%
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 Units Las Vegas Market Update - February 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 Units Las Vegas Market Update - February 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