greater las vegas snapshot by sale type...inventory absorption rate average dom luxury sales (res...
TRANSCRIPT
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2017
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 5,511 4,910 3,141 348,888 556,952 260,000 303,386 1.8 57.0% 36
CON/TWH 723 959 656 157,500 193,923 138,000 158,294 1.1 90.7% 32
Total Residential 6,234 5,869 3,797 234,900 298,401 210,000 243,786 1.6 60.9% 55
Hi-Rise 433 130 92 429,000 782,328 283,450 390,954 4.7 21.2% 90
Multiple Dwelling 60 71 36 245,250 252,870 237,000 259,747 1.7 60.0% 53
Vacant Land 2,388 152 64 69,900 289,820 65,000 221,947 37.3 2.7% 324
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+
500 63 261 17,500,000 2,663,453 1,392,500 1,726,276 13 7.5% 108
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 - August 2017
397,706
383,256 386,253
340,748
353,725
310,000
320,000
330,000
340,000
350,000
360,000
370,000
380,000
390,000
400,000
410,000
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 $32,528
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2017
79,115
142,803
64,073
131,052
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
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 $11,751
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2017
REO4%
Short Sales3%
Traditional Equity93%
Last Month's Closings by Type
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
<250K54%
250-450K38%
450-750K6%
750K+2%
CLOSED UNITS BY PRICE POINT
Las Vegas Market Update - August 2017
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2017
<250K34%
250-450K45%
450-750K11%
750K+10%
CLOSED VOLUME BY PRICE POINT
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2017
Cash25%
Conv46%
FHA19%
VA9%
Other1%
Last Month's Closings by Sold Terms
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Cash, 30%
Conv, 36%
FHA, 25%
VA, 7%
Other, 1%
Closings By Sold TermsClosings Less Than $250,000
Las Vegas Market Update - August 2017
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2017
Cash, 17%
Conv, 57%
FHA, 13%
VA, 12%
Other1%
Closings By Sold TermsClosings Between $250,000 and $750,000
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2017
-
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 - August 2017
148,729
182,419
250,313
303,386
260,000
-
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
Single Family Residential Price Trend
Average Median
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2017
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 2 0 1 7
1985 1778 1397 983 2224 2608 2509 2931 2284 2068 1793 1885 2150
2038 1787 1407
1098
2288 2390 2591
3053 2639
2008 1966 2117 2263
3127 2521
1605 1478
2980 3175 3384
3534
2958
2537 2706 2799 3210
2957
2266
1381 1794
3198 2951 3084
3185
3049
2613 2753 2870 2870
3096
2556
1568 2026
3255 2884 3111
3413
3074
2823 2751 3068
3525
3318
2510
1476 2226
3785 3360 3629
3212
2964
2675 3056 3273
3677
3240
1996
1318
2592
3738 2948
3164 2887
2943
2642 3178
2838
3141
3331
2097
1316
2545
3229
2819
3706 3076
2930
2568 2867
3114
2985
1739
990
2783
3358
2806
3242 2666
2669
2379
2720 2935
2574
1689
974
2718
3535
2599
3118 2995
2636
2417
2441
2624
2441
1547
968
2183
3117
2777
3159 2661
2201
2031
1977
2606
2437
1644
879
2498
3420
3117
3456
2961
2379
2227
2691
2720
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 - August 2017
Feb
2017Mar Apr May Jun Jul Sparklines
Months of
Inventory
Ave
Days
to Sell
Aliante 31 28 29 35 38 37 2 28
Anthem 19 26 32 33 20 26 3 44
Centennial Hills 27 31 43 37 44 39 2 16
Desert/South Shores 15 21 31 16 19 32 2 23
Green Valley 43 72 47 63 60 54 2 29
Green Valley Ranch 11 21 18 23 23 22 1 57
Inspirada 17 17 16 25 31 16 3 71
Iron Mountain Ranch 10 14 11 19 15 17 1 22
Mountains Edge 69 91 76 94 96 103 1 32
Peccole Ranch 5 18 19 11 22 18 2 35
Providence 31 48 42 49 65 50 2 22
Red Rock Country Club 8 18 7 9 12 7 6 61
Rhodes Ranch 24 33 16 18 16 25 4 62
Seven Hills 12 19 14 20 23 17 4 33
Siena 11 14 18 11 18 12 5 34
Silverado Ranch 35 39 29 57 52 48 2 41
Southern Highlands 38 56 51 71 51 52 3 46
Spring Valley 16 19 22 32 34 25 2 32
Summerlin 95 130 116 121 126 85 3 53
Sun City Anthem 27 40 27 47 43 27 4 54
Sun City Summerlin 27 38 34 37 35 25 3 33
The Lakes 15 15 17 22 30 27 2 38
Other Groups
Boulder City 20 20 15 28 22 18 4 88
Pahrump/Nye 42 51 46 68 51 44 4 52
High Rise Sales 70 93 77 82 101 92 5 90
Luxury Sales ($1M+) 25 45 27 56 45 44 13 104
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 - August 2017
February
2017March April May June July
Price
Movement
Aliante 285,655 298,657 290,955 305,514 328,572 294,864
Anthem 411,910 420,284 412,667 391,933 362,754 374,858
Centennial Hills 262,006 297,233 318,195 329,143 289,313 294,259
Desert/South Shores 386,733 307,123 387,894 334,000 330,699 329,053
Green Valley 315,914 315,010 309,100 326,488 313,047 327,540
Green Valley Ranch 296,182 338,495 387,667 334,848 411,951 369,173
Inspirada 366,219 359,177 347,907 369,035 351,624 361,584
Iron Mountain Ranch 327,850 294,343 310,445 314,958 278,167 309,070
Mountains Edge 284,884 284,186 297,072 291,360 306,215 304,245
Peccole Ranch 284,980 320,969 290,175 334,173 303,923 327,617
Providence 275,928 252,839 277,890 279,452 293,374 281,460
Red Rock Country Club 1,001,188 955,706 744,286 1,194,889 955,550 902,286
Rhodes Ranch 332,736 321,379 326,211 338,472 347,883 365,467
Seven Hills 561,200 610,707 394,582 579,225 472,458 586,232
Siena 462,045 450,021 416,078 452,227 432,667 344,108
Silverado Ranch 241,357 256,979 245,107 262,974 272,516 299,188
Southern Highlands 424,009 372,158 463,499 450,792 379,811 389,601
Spring Valley 234,386 244,629 265,909 264,846 271,942 282,414
Summerlin 398,251 415,238 467,002 520,249 491,816 615,155
Sun City Anthem 374,293 351,015 370,406 399,368 414,499 410,900
Sun City Summerlin 295,944 301,892 305,994 341,606 324,063 278,770
The Lakes 275,589 392,122 329,735 328,690 364,580 323,624
Other Groups
Boulder City 355,060 334,080 314,453 284,224 345,348 377,639
Pahrump/Nye 195,523 179,401 190,339 208,625 209,290 203,185
High Rise Sales 373,860 536,449 361,133 515,067 479,563 390,954
Luxury Sales ($1M+) 1,550,300 1,824,855 1,627,793 1,774,594 1,655,854 1,829,818
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 - August 2017
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)
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2017
0
1000
2000
3000
4000
5000
6000
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 - August 2017
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 2 0 1 7
440 594 621 600 479 461 408 429 531
442 623 691 680
529 461 437 516 567
604
728 846 775
609 506 562
647 711
727
710 742
674
649 544 624
651 663
737
690
789 657
810
565 557
657
785
917
824
843
656
678
549 582
716
796
864 725
799
613 691
613 575
610
656
810 742
919
612 595
544 555
688
859 703
800
570 586
546 512
615
850 708
704
603 565
497 532
572
726 674
674
543
493
410 434
580
776 805
718
586
521
443 544
688
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 - August 2017
2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7
84 60 58
37 40 45 51
89
61 63
49 53 54 70
86
79 74
50
92 63
93
76
65 86
56
63
57
77
91
64
83
60
56 81
82
68
75
70
50
55 82
101
74
69
62
58
61
75
92
68
59 58
53
51
71
66
62 56
61
53
77
59
70 53
56
56
48
50
68 45
45
77
72
76
77
44
61
77
93
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 - August 2017
0
50
100
150
200
250
300
350
2012 2013 2014 2015 2016 2017
8 25 20 18 17 19
14
25 20 26 24 25 15
28 30
34 32 45
19
33 27
32 19
27
11
35
26
27
36
56
19
33
36
35 35
45
20
27
20
29 25
44
20
23
25
25
26
8
31
27
27
23
10
31
24
26
24
17
22
19
33
36
17
28
26
27
28
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 - August 2017
-
10
20
30
40
50
60
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
53
16
21
24
31 29
21
13
Luxury Market - $1,000,000 and OverMonths of Inventory
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Las Vegas Market Update - August 2017
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
Units
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 - August 2017
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
Unit
s
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 - August 2017
-1000
0
1000
2000
3000
4000
5000
Residential Closed Units Trend by Price Point0-250K 250-750K 0-250K Trend 250-750K Trend