Greater Las Vegas Snapshot by Sale Type · Las Vegas Market Update - July 2016 Available Units Pending Units June Sold Units Median List Price Average List Price Median Sold Price
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Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
Available Units
Pending Units
June Sold Units
Median List Price
Average List Price
Median Sold Price
Average Sold Price
Monthsof
Inventory
30 Day Absorption
Rate
Average DOM
SFR 7,760 5,866 3,260 255,900 323,728 235,000 276,482 2.4 42.0% 51
CON/TWH/MAN 1,463 715 721 119,000 122,971 115,000 122,971 2.0 49.3% 55
Total Residential 9,223 6,581 3,981 234,900 298,401 210,000 243,786 2.3 43.2% 55
Hi-Rise 623 136 81 324,750 556,349 250,000 325,443 7.7 13.0% 94
Multiple Dwelling 149 76 30 202,450 196,937 189,250 181,250 5.0 20.1% 91
Vacant Land 2,568 88 68 85,950 238,800 58,000 161,843 37.8 2.6% 221
Available Units
Pending Units
YTD Sold Units
Median List Price
Average List Price
Median Sold Price
Average Sold Price
Monthsof
Inventory
Absorption Rate
Average DOM
Luxury Sales(RES & VER) $1M+
563 67 162 1,545,000 1,910,853 1,526,890 1,907,337 18 28.8% 127
Greater Las Vegas Snapshot by Sale Type
This data includes all GLVAR listings and sales within the Greater Las Vegas market area.
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
REO6.3%
Short Sales4.4%
Traditional Equity89.3%
June Closings by Type
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
Cash27%
Conv35%
FHA26%
VA10%
Other2%
June Closings by Sold Terms
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
Closed Sales Trend by Type
REO Short Traditional
2009 20112010 2012 2013 2014 2015 2016
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
-
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
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6
1985 1778 1397 983 2224 2608 2509 2931 2284 2068 1793 1884
2038 1787 1407
1098
2288 2390 2591
3053 2639
2008 1966 2118
3127 2521
1605 1478
2980 3175 3384
3534
2958
2537 2706 2796
2957
2266
1381 1794
3198 2951 3084
3185
3049
2613 2753 2869
3096
2556
1568 2026
3255 2884 3111
3413
3074
2823 2751 3066
3318
2510
1476 2226
3785 3360 3629
3212
2964
2675 3056 3260
3240
1996
1318
2592
3738 2948
3164 2887
2943
2642 3178
3331
2097
1316
2545
3229
2819
3706 3076
2930
2568
2867
2985
1739
990
2783
3358
2806
3242 2666
2669
2379
2720
2574
1689
974
2718
3535
2599
3118 2995
2636
2417
2441
2441
1547
968
2183
3117
2777
3159 2661
2201
2031
1977
2437
1644
879
2498
3420
3117
3456
2961
2379
2227
2691
SINGLE FAMILY RESIDENTIAL CLOSINGS
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
Jan
2016Feb Mar Apr May June Trendline
Ave
Days to
Sell
Aliante 23 20 30 32 32 37 49
Anthem 22 18 30 28 46 51 51
Boulder City 10 15 13 21 18 10 54
Centennial Hills 21 20 35 29 38 36 30
Desert/South Shores 14 16 17 15 12 25 55
Green Valley 24 41 47 38 55 53 67
Green Valley Ranch 9 16 16 16 11 25 11
High Rise Sales 45 54 63 57 81 81 94
Iron Mountain Ranch 8 9 19 11 15 12 35
Mountains Edge 60 51 69 72 74 100 44
Pahrump/Nye 34 29 38 31 52 44 107
Peccole Ranch 5 14 8 13 9 21 62
Providence 23 28 45 40 38 54 35
Red Rock Country Club 3 6 5 3 7 8 113
Rhodes Ranch 13 20 25 20 20 31 110
Seven Hills 2 10 12 19 26 20 40
Silverado Ranch 21 31 40 45 43 46 35
Southern Highlands 26 32 37 41 43 55 66
Spring Valley 15 15 18 18 27 31 45
Summerlin 71 73 107 90 120 117 55
Sun City Anthem 22 16 27 33 42 33 60
Sun City Summerlin 24 26 27 29 48 31 54
The Lakes 14 16 38 24 16 18 23
SFR Closed Sales in Selected Communities - Last Six Months
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
Jan
2016Feb Mar Apr May June
Price
Movement
Aliante 270,270 257,950 264,984 284,053 268,507 285,639
Anthem 567,273 407,272 523,947 425,810 508,135 449,663
Boulder City 407,912 304,327 310,100 378,679 293,761 289,100
Centennial Hills 265,450 272,554 291,552 263,346 285,885 306,425
Desert/South Shores 336,689 269,659 290,494 368,533 394,217 313,270
Green Valley 293,071 319,624 295,158 307,989 302,884 384,449
Green Valley Ranch 284,667 335,038 334,813 310,439 355,455 380,269
High Rise Sales 402,980 503,586 446,713 343,950 350,787 325,443
Iron Mountain Ranch 277,113 236,656 245,384 267,573 256,688 321,167
Mountains Edge 277,706 293,958 270,249 276,650 282,323 289,114
Pahrump/Nye 171,743 173,383 185,472 204,546 178,653 175,226
Peccole Ranch 259,000 281,964 302,125 262,369 283,028 292,852
Providence 242,312 239,476 246,144 255,943 279,918 258,516
Red Rock Country Club 1,306,667 1,550,833 882,500 780,833 860,129 1,049,300
Rhodes Ranch 281,902 309,360 315,505 310,964 331,592 322,222
Seven Hills 492,500 478,550 463,533 551,147 533,200 515,070
Silverado Ranch 234,186 249,789 243,994 234,881 266,447 249,540
Southern Highlands 318,362 382,009 327,223 339,749 422,379 369,603
Spring Valley 243,245 227,753 228,250 239,856 245,454 259,978
Summerlin 426,286 408,957 454,968 352,151 446,947 519,495
Sun City Anthem 353,784 324,868 386,456 374,733 360,633 365,164
Sun City Summerlin 289,846 269,021 302,020 277,831 301,221 333,545
The Lakes 270,421 388,994 322,052 314,408 367,633 274,542
SFR Closed Average Sales Prices in Selected Communities - Last Six Months
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
442,862
496,023549,092
420,512
509,450
335,384
190,837
285,030
0
100,000
200,000
300,000
400,000
500,000
600,000
Greater Las VegasSFR Average Equity Listing vs Sale Prices
Ave Available
Ave Listed Current Month
Ave Sold
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
Available
Sold -
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Single Family Residences (SFR)
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
0
1000
2000
3000
4000
5000
6000
7000
8000
Residential Listings Taken vs Listings Sold
Sold
Listed
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6
440 594 621 600 479 461 408 429
442 623 691 680
529 461 437 515
604
728 846 775
609 506 562
647
727
710 742
674
649 544 624
650
737
690
789 657
810
565 557
655
917
824
843
656
678
549 582
715
864 725
799
613
691
613 575
810 742
919
612 595
544 555
859 703
800
570 586
546 512
850 708
704
603 565
497 532
726 674
674
543
493
410 434
776 805
718
586
521
443 544
CONDO / TOWNHOME CLOSINGS
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6
84 60 58
37 40 45
89
61 63
49 53 54
86
79 74
50
92 63
76
65 86
56
63
57
91
64
83
60
56 81
68
75
70
50
55 81
74
69
62
58
61
68
59 58
53
51
66
62 56
61
53
59
70 53
56
56
50
68 45
45
77
76
77
44
61
77
VERTICAL / HI-RISE CLOSINGS
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
0
50
100
150
200
250
300
350
2012 2013 2014 2015 2016
8 25 20 18 17
14
25 20 26 24 15
28 30
34 32 19
33 27
32 20
11
35
26
27 36
19
33
36
35 34
20
27
20
29
20
23
25
25
8
31
27
27
10
31
24
26
17
22
19
33
17
28
26
27
Greater Las Vegas Luxury Sales$1,000,000 and Over
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
0
500
1000
1500
2000
2500
3000
Jan
-06
Ma
r-0
6
Ma
y-0
6
Jul-
06
Se
p-0
6
No
v-0
6
Jan
-07
Ma
r-0
7
Ma
y-0
7
Jul-
07
Se
p-0
7
No
v-0
7
Jan
-08
Ma
r-0
8
Ma
y-0
8
Jul-
08
Se
p-0
8
No
v-0
8
Jan
-09
Ma
r-0
9
Ma
y-0
9
Jul-
09
Se
p-0
9
No
v-0
9
Jan
-10
Ma
r-1
0
Ma
y-1
0
Jul-
10
Se
p-1
0
No
v-1
0
Jan
-11
Ma
r-1
1
Ma
y-1
1
Jul-
11
Se
p-1
1
No
v-1
1
Jan
-12
Ma
r-1
2
Ma
y-1
2
Jul-
12
Se
p-1
2
No
v-1
2
Jan
-13
Ma
r-1
3
Ma
y-1
3
Jul-
13
Se
p-1
3
No
v-1
3
Jan
-14
Ma
r-1
4
Ma
y-1
4
Jul-
14
Se
p-1
4
No
v-1
4
Jan
-15
Ma
r-1
5
Ma
y-1
5
Jul-
15
Se
p-1
5
No
v-1
5
Jan
-16
Ma
r-1
6
Ma
y-1
6
Un
its
Closed Units By Price Point
0-100K 100-250K 250-500K
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
0
50
100
150
200
250
Jan
-06
Ma
r-0
6
Ma
y-0
6
Jul-
06
Se
p-0
6
No
v-0
6
Jan
-07
Ma
r-0
7
Ma
y-0
7
Jul-
07
Se
p-0
7
No
v-0
7
Jan
-08
Ma
r-0
8
Ma
y-0
8
Jul-
08
Se
p-0
8
No
v-0
8
Jan
-09
Ma
r-0
9
Ma
y-0
9
Jul-
09
Se
p-0
9
No
v-0
9
Jan
-10
Ma
r-1
0
Ma
y-1
0
Jul-
10
Se
p-1
0
No
v-1
0
Jan
-11
Ma
r-1
1
Ma
y-1
1
Jul-
11
Se
p-1
1
No
v-1
1
Jan
-12
Ma
r-1
2
Ma
y-1
2
Jul-
12
Se
p-1
2
No
v-1
2
Jan
-13
Ma
r-1
3
Ma
y-1
3
Jul-
13
Se
p-1
3
No
v-1
3
Jan
-14
Ma
r-1
4
Ma
y-1
4
Jul-
14
Se
p-1
4
No
v-1
4
Jan
-15
Ma
r-1
5
Ma
y-1
5
Jul-
15
Se
p-1
5
No
v-1
5
Jan
-16
Ma
r-1
6
Ma
y-1
6
Un
its
Closed Units By Price Point
500-750K 750K-1M 1M+
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Jan-
06
Apr-
06
Jul-0
6
Oct
-06
Jan-
07
Apr-
07
Jul-0
7
Oct
-07
Jan-
08
Apr-
08
Jul-0
8
Oct
-08
Jan-
09
Apr-
09
Jul-0
9
Oct
-09
Jan-
10
Apr-
10
Jul-1
0
Oct
-10
Jan-
11
Apr-
11
Jul-1
1
Oct
-11
Jan-
12
Apr-
12
Jul-1
2
Oct
-12
Jan-
13
Apr-
13
Jul-1
3
Oct
-13
Jan-
14
Apr-
14
Jul-1
4
Oct
-14
Jan-
15
Apr-
15
Jul-1
5
Oct
-15
Jan-
16
Apr-
16
Closed Units By Price Point
0-100K 100-250K 250-500K
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - July 2016
0
50
100
150
200
250
300
350
400
Jan-
06
Apr-
06
Jul-0
6
Oct
-06
Jan-
07
Apr-
07
Jul-0
7
Oct
-07
Jan-
08
Apr-
08
Jul-0
8
Oct
-08
Jan-
09
Apr-
09
Jul-0
9
Oct
-09
Jan-
10
Apr-
10
Jul-1
0
Oct
-10
Jan-
11
Apr-
11
Jul-1
1
Oct
-11
Jan-
12
Apr-
12
Jul-1
2
Oct
-12
Jan-
13
Apr-
13
Jul-1
3
Oct
-13
Jan-
14
Apr-
14
Jul-1
4
Oct
-14
Jan-
15
Apr-
15
Jul-1
5
Oct
-15
Jan-
16
Apr-
16
Closed Units By Price Point
500-750K 750K-1M 1M+
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