greater las vegas snapshot by sale type · pdf fileprepared by forrest barbee * information...

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

October 2017 Greater Las Vegas Market Update

Available

Units

Pending

Units

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 5,321 4,439 2,909 349,750 562,072 265,000 309,227 1.8 54.7% 34

CON/TWH 756 905 657 159,900 185,426 140,000 156,528 1.2 86.9% 27

Total Residential 6,077 5,344 3,566 234,900 298,401 210,000 243,786 1.7 58.7% 55

Hi-Rise 435 139 61 425,000 778,025 310,000 475,613 7.1 14.0% 86

Multiple Dwelling 68 68 27 250,000 272,069 226,500 213,181 2.5 39.7% 60

Vacant Land 2,428 133 95 67,000 292,946 65,000 162,521 25.6 3.9% 296

Available

Units

Pending

Units

YTD

Sold

Units

Median List

Price

Average

List Price

Median

Sold Price

Average

Sold Price

Months

of

Inventory

Absorption

Rate

Average

DOM

Luxury Sales

(RES & VER)

$1M+

485 76 331 1,795,000 2,696,977 1,390,000 1,717,332 16 9.7% 107

Greater Las Vegas Snapshot by Sale Type

This data includes all GLVAR listings and sales within the Greater Las Vegas market area.

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

SFR Market Prices

Average Median

148,729

182,419

250,313

309,192

265,000

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-1

4

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-1

5

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-1

6

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-1

7

Sep-

17

Single Family Residential Price Trend

Average Median

<250K52%

250-450K40%

450-750K6%

750K+2%

CLOSED UNITS BY PRICE POINT

<250K34%

250-450K45%

450-750K12%

750K+9%

CLOSED VOLUME BY PRICE POINT



397,706

383,256 386,323

340,748

354,152

310,000

320,000

330,000

340,000

350,000

360,000

370,000

380,000

390,000

400,000

410,000

Jan-

12

Mar

-12

May

-12

Jul-1

2

Sep-

12

Nov

-12

Jan-

13

Mar

-13

May

-13

Jul-1

3

Sep-

13

Nov

-13

Jan-

14

Mar

-14

May

-14

Jul-1

4

Sep-

14

Nov

-14

Jan-

15

Mar

-15

May

-15

Jul-1

5

Sep-

15

Nov

-15

Jan-

16

Mar

-16

May

-16

Jul-1

6

Sep-

16

Nov

-16

Jan-

17

Mar

-17

May

-17

Jul-1

7

Sep-

17

Greater Las VegasSFR Average List vs Closed Sale Prices

R12 Ave Sold

"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

Average Over Pricing is $32,171

79,115

146,610

64,073

135,661

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

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

Greater Las VegasCON/TWN Average Original List vs Closed Sale Prices

R12 Ave Original List R12 Ave Sold

"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

Average Over Pricing is $10,949



2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7

2284 2068 1793 1885 2150

2639 2008 1966 2117 2263

2958

2537 2706 2799 3210

3049

2613 2753 2870 2870

3074

2823 2751 3068

3525

2964

2675 3056 3273

3677

2943

2642 3178

2838

3141

2930

2568 2867

3114

3308

2669

2379

2720 2935

2909

2636

2417

2441

2624

2201

2031

1977

2606

2379

2227

2691

2720

SINGLE FAMILY RESIDENTIAL CLOSINGS

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7

479 461 408 429 531

529 461 437 516 567

609 506 562

647 711

649

544 624 651

663

810

565 557

657

785

678

549 582

716

796

691

613 575

610

656

595

544 555

688

732

586

546 512

615

657 565

497 532

572

493

410 434

580

521

443 544

688

CONDO / TOWNHOME CLOSINGS




Apr

2017May Jun Jul Aug Sep Sparklines

Months of

Inventory

Ave

Days

to Sell

Aliante 29 35 38 37 38 20 3 29

Anthem 32 33 20 26 21 16 4 42

Centennial Hills 43 37 44 39 45 50 1 27

Desert/South Shores 31 16 19 32 24 18 4 16

Green Valley 47 63 60 54 46 55 2 31

Green Valley Ranch 18 23 23 22 23 16 2 31

Inspirada 16 25 31 16 19 20 2 35

Iron Mountain Ranch 11 19 15 17 10 9 3 17

Mountains Edge 76 94 96 103 88 66 2 28

Peccole Ranch 19 11 22 18 19 15 2 26

Providence 42 49 65 49 46 57 1 33

Red Rock Country Club 7 9 12 7 5 6 6 122

Rhodes Ranch 16 18 16 25 37 22 4 57

Seven Hills 14 20 23 17 30 21 3 48

Siena (SFR & TWH) 18 11 18 12 14 5 13 85

Silverado Ranch 29 57 52 48 55 87 1 18

Southern Highlands 51 71 51 52 52 50 3 62

Spring Valley 22 32 34 25 25 21 3 34

Summerlin 116 121 126 85 84 75 3 43

Sun City Anthem 27 47 43 27 33 27 4 58

Sun City Summerlin 34 37 35 25 30 38 2 40

The Lakes 17 22 30 27 23 18 3 30

Other Groups

Boulder City 15 28 22 18 24 10 8 44

Pahrump/Nye 46 68 51 44 52 45 4 56

High Rise Sales 77 82 101 92 83 61 8 86

Luxury Sales ($1M+) 27 56 45 44 35 34 16 106

SFR Closed Sales in Selected Communities - Last Six Months

April

2017May June July August September

Price

Movement

Aliante 290,955 305,514 328,572 294,864 310,232 297,970

Anthem 412,667 391,933 362,754 374,858 429,744 354,869

Centennial Hills 318,195 329,143 289,313 294,259 306,646 318,094

Desert/South Shores 387,894 334,000 330,699 329,053 344,808 334,978

Green Valley 309,100 326,488 313,047 327,540 329,148 320,454

Green Valley Ranch 387,667 334,848 411,951 369,173 397,109 395,131

Inspirada 347,907 369,035 351,624 361,584 402,236 378,027

Iron Mountain Ranch 310,445 314,958 278,167 309,070 261,200 254,517

Mountains Edge 297,072 291,360 306,215 304,245 308,652 307,175

Peccole Ranch 290,175 334,173 303,923 327,617 314,018 317,054

Providence 277,890 279,452 293,374 281,460 278,317 300,281

Red Rock Country Club 744,286 1,194,889 955,550 902,286 762,422 1,091,833

Rhodes Ranch 326,211 338,472 347,883 365,467 341,593 337,922

Seven Hills 394,582 579,225 472,458 586,232 581,771 671,752

Siena 416,078 452,227 432,667 344,108 394,048 381,700

Silverado Ranch 245,107 262,974 272,516 299,188 280,259 286,963

Southern Highlands 463,499 450,792 379,811 389,601 507,001 493,038

Spring Valley 265,909 264,846 271,942 282,414 269,825 303,803

Summerlin 467,002 520,249 491,816 615,155 483,146 523,376

Sun City Anthem 370,406 399,368 414,499 410,900 417,615 464,163

Sun City Summerlin 305,994 341,606 324,063 278,770 303,061 364,874

The Lakes 329,735 328,690 364,580 323,624 316,965 328,594

Other Groups

Boulder City 314,453 284,224 345,348 377,639 350,817 314,800

Pahrump/Nye 190,339 208,625 209,290 203,185 210,060 201,380

High Rise Sales 361,133 515,067 479,563 390,954 427,496 475,613

Luxury Sales ($1M+) 1,627,793 1,774,594 1,655,854 1,829,818 1,487,683 1,882,257

SFR Closed Average Sales Prices in Selected Communities - Last Six Months



Available

Sold

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

Single Family Residences (SFR)

0

1000

2000

3000

4000

5000

6000

Residential Listings Taken vs Listings Sold

Sold

Listed



0

100

200

300

400

500

600

700

800

900

2013 2014 2015 2016 2017

58 37 40 45 51

63 49 53 54

70

74

50 92 63

93

86

56

63 57

77

83

60

56 81

82

70

50

55 82

101

62

58

61 75

92 58

53

51

71

83 56

61

53

77

61

53

56

56

48

45

45

77

72

44

61

77

93

Vertical / Hi-Rise Closings


0

50

100

150

200

250

300

350

2013 2014 2015 2016 2017

25 20 18 17 19

25 20 26 24 25

28 30 34 32

45

33 27

32 19

27

35

26 27

36

56

33

36 35

35

45 27

20

29 25

44

23

25

25 26

35

31

27

27 23

34

31

24

26

24

22

19

33

36

28

26

27 28

Greater Las Vegas Luxury Sales$1,000,000 and Over




0

500

1000

1500

2000

2500

3000

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

Uni

ts

Closed Units By Price Point

0-100K 100-250K 250-500K

0

50

100

150

200

250

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

Uni

ts


500-750K 750K-1M 1M+


Equity Title of Nevada (702) 432-1111

www.equitynv.com


0

50

100

150

200

250

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

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-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

Unit

s


500-750K 750K-1M 1M+

0

500

1000

1500

2000

2500

3000

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


0-100K 100-250K 250-500K

Apr

2017May Jun Jul Aug Sep Sparklines

Months of

Inventory

Ave

Days

to Sell

Aliante 29 35 38 37 38 20 3 29

Anthem 32 33 20 26 21 16 4 42

Centennial Hills 43 37 44 39 45 50 1 27

Desert/South Shores 31 16 19 32 24 18 4 16

Green Valley 47 63 60 54 46 55 2 31

Green Valley Ranch 18 23 23 22 23 16 2 31

Inspirada 16 25 31 16 19 20 2 35

Iron Mountain Ranch 11 19 15 17 10 9 3 17

Mountains Edge 76 94 96 103 88 66 2 28

Peccole Ranch 19 11 22 18 19 15 2 26

Providence 42 49 65 49 46 57 1 33

Red Rock Country Club 7 9 12 7 5 6 6 122

Rhodes Ranch 16 18 16 25 37 22 4 57

Seven Hills 14 20 23 17 30 21 3 48

Siena (SFR & TWH) 18 11 18 12 14 5 13 85

Silverado Ranch 29 57 52 48 55 87 1 18

Southern Highlands 51 71 51 52 52 50 3 62

Spring Valley 22 32 34 25 25 21 3 34

Summerlin 116 121 126 85 84 75 3 43

Sun City Anthem 27 47 43 27 33 27 4 58

Sun City Summerlin 34 37 35 25 30 38 2 40

The Lakes 17 22 30 27 23 18 3 30

Other Groups

Boulder City 15 28 22 18 24 10 8 44

Pahrump/Nye 46 68 51 44 52 45 4 56

High Rise Sales 77 82 101 92 83 61 8 86

Luxury Sales ($1M+) 27 56 45 44 35 34 16 106

SFR Closed Sales in Selected Communities - Last Six Months

YTD Closed 2016 YTD Closed 2017 Units Change % Change

31,577 34,482 2,905 9.2%

Available

Sold

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

Single Family Residences (SFR)

REO2%

Short Sales3%

Traditional Equity95%

Last Month's Closings by Type

Cash26%

Conv46%

FHA18%

VA9%

Other1%

Last Month's Closings by Sold Terms

greater las vegas snapshot by sale type · pdf fileprepared by forrest barbee * information...

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