Greater Las Vegas Snapshot by Sale Type...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

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.



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



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



REO4%

Short Sales3%

Traditional Equity93%

Last Month's Closings by Type


<250K54%

250-450K38%

450-750K6%

750K+2%

CLOSED UNITS BY PRICE POINT




<250K34%

250-450K45%

450-750K11%

750K+10%

CLOSED VOLUME BY PRICE POINT



Cash25%

Conv46%

FHA19%

VA9%

Other1%

Last Month's Closings by Sold Terms


Cash, 30%

Conv, 36%

FHA, 25%

VA, 7%

Other, 1%

Closings By Sold TermsClosings Less Than $250,000




Cash, 17%

Conv, 57%

FHA, 13%

VA, 12%

Other1%

Closings By Sold TermsClosings Between $250,000 and $750,000



-

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

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



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



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



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



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



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




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




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




-

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



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



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+



-1000

0

1000

2000

3000

4000

5000

Residential Closed Units Trend by Price Point0-250K 250-750K 0-250K Trend 250-750K Trend

Documents

Greater Las Vegas Snapshot by Sale Type...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