Embed Size (px)
Citation preview
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
October 2018 Greater Las Vegas Market Update
<250K38%
250-400K47%
400-700K12%
700K+3%
Closed Units by Price Point
<250K22%
250-400K46%
400-700K19%
700K+13%
CLOSED VOLUME BY PRICE POINT
-30.3%
-0.8%
-8.5%
8.4%
29.4%
10.9%
7.4%
4.9%
11.1%12.6%
-40.0%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018-YTD
SFR Average Price and Year Over Year Percent Change
Ave Pct Change
428,817
349,679
295,000
-
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
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 6,726 3,486 2,439 354,900 536,463 300,000 342,042 2.8 36.3% 29
CON/TWH 1,484 815 569 165,000 192,835 170,000 183,049 2.6 38.3% 26
Total Residential 8,210 4,301 3,008 234,900 298,401 210,000 243,786 2.7 36.6% 55
Hi-Rise 368 122 65 450,000 872,483 329,900 437,975 6.7 17.7% 68
Multiple Dwelling 108 53 20 329,844 382,639 292,500 276,125 5.4 18.5% 22
Vacant Land 2,476 171 112 69,625 354,850 45,000 106,396 22.1 4.5% 162
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+
531 75 398 1,679,000 2,575,507 1,377,000 1,773,185 22 10.7% 89
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
October 2018 Greater Las Vegas Market Update
396,627
383,102
424,526
339,552
362,121
300,000
320,000
340,000
360,000
380,000
400,000
420,000
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
Nov
-17
Jan-
18
Mar
-18
May
-18
Jul-1
8
Greater Las VegasSFR Average List vs Closed Sale Prices
R12 Ave Available 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 $62,405
78,328
188,033
63,302
164,768
50,000
70,000
90,000
110,000
130,000
150,000
170,000
190,000
210,000
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
Mar
-18
May
-18
Jul-
18
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 $23,265
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
October 2018 Greater Las Vegas Market Update
2018
AprMay Jun Jul Aug Sep Sparklines
Months of
Inventory
Ave
Days
to Sell
Aliante 29 27 32 36 34 27 2 25
Anthem 19 19 23 17 17 18 2 34
Centennial Hills 30 31 32 38 48 28 3 31
Desert/South Shores 23 29 18 20 27 15 4 38
Green Valley 40 51 66 48 56 31 4 26
Green Valley Ranch 17 28 22 16 22 18 3 32
Inspirada 37 23 17 15 20 15 3 45
Iron Mountain Ranch 11 17 15 16 8 10 2 31
Lake Las Vegas 6 15 9 12 15 8 5 67
Mountains Edge 71 80 85 68 86 49 4 27
Peccole Ranch 13 14 18 14 14 8 4 16
Providence 39 51 62 45 48 46 2 24
Red Rock Country Club 6 12 10 8 10 5 9 40
Rhodes Ranch 24 37 24 20 26 16 5 90
Seven Hills 15 14 12 13 11 10 7 42
Siena (SFR & TWH) 15 14 18 14 16 10 5 74
Silverado Ranch 50 46 46 39 55 29 3 14
Silverstone Ranch 9 15 7 9 15 4 6 26
Southern Highlands 51 60 50 64 36 48 3 43
Spring Valley 35 38 35 25 29 18 5 34
Summerlin 70 74 67 66 53 55 3 39
Sun City Anthem 40 44 41 26 35 18 6 38
Sun City Summerlin 30 29 46 22 33 30 2 20
The Lakes 18 12 16 27 25 14 5 33
Other Groups
Boulder City 17 28 16 14 25 17 4 40
Pahrump/Nye 55 53 67 53 42 30 7 31
High Rise Sales 86 86 94 90 92 65 7 68
Luxury Sales ($1M+) 37 44 58 43 62 28 22 89
SFR Closed Sales in Selected Communities - Last Six Months
2018
AprilMay June July August September
Price
Movement
Aliante 363,514 365,232 348,232 355,022 357,406 342,004
Anthem 421,192 409,711 445,121 419,112 442,353 406,439
Centennial Hills 364,592 355,383 403,452 378,616 369,050 379,014
Desert/South Shores 368,498 399,475 379,572 394,915 373,270 446,600
Green Valley 396,085 405,947 386,645 398,525 378,686 350,502
Green Valley Ranch 430,253 426,800 462,195 483,688 374,577 421,128
Inspirada 430,503 377,319 365,781 407,929 417,697 406,733
Iron Mountain Ranch 345,460 366,794 354,693 318,688 407,450 333,400
Lake Las Vegas 572,333 619,066 633,102 630,034 982,967 637,841
Mountains Edge 327,945 340,102 336,342 328,815 337,570 344,252
Peccole Ranch 323,697 354,171 343,500 368,618 347,036 291,000
Providence 320,107 310,865 323,126 318,862 320,218 339,417
Red Rock Country Club 728,333 1,068,869 1,015,350 984,999 1,163,000 983,778
Rhodes Ranch 447,280 376,308 405,343 345,392 383,215 440,681
Seven Hills 465,900 472,293 424,783 830,068 636,965 953,550
Siena (SFR & TWH) 550,445 429,357 416,450 387,350 464,700 479,163
Silverado Ranch 300,152 325,191 313,562 320,123 310,599 297,910
Silverstone Ranch 326,333 356,273 398,143 377,878 368,767 401,975
Southern Highlands 419,301 514,529 430,605 476,798 452,183 374,420
Spring Valley 293,308 308,978 305,216 341,512 316,418 307,783
Summerlin 547,365 489,646 590,523 526,277 521,978 516,902
Sun City Anthem 428,486 416,116 416,866 432,846 447,191 431,098
Sun City Summerlin 326,915 372,425 348,213 373,707 360,141 391,437
The Lakes 340,556 441,667 520,750 374,970 360,926 332,232
Other Groups
Boulder City 384,282 443,557 339,867 369,814 444,061 463,641
Pahrump/Nye 251,978 252,549 241,070 243,171 269,222 239,808
High Rise Sales 413,419 352,070 513,808 445,687 518,059 437,975
Luxury Sales ($1M+) 1,664,883 1,546,106 1,665,994 1,621,640 1,832,544 1,644,336
SFR Closed Average Sales Prices in Selected Communities - Last Six Months
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
October 2018 Greater Las Vegas Market Update
2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8
2068 1793 1885 2150 2266
2008 1966 2117 2263 2134
2537 2706 2799 3210 3167
2613 2753 2870 2870 2882
2823 2751 3068
3525 3147
2675 3056 3273
3677 3272
2642 3178
2838
3141 3190 2568
2867 3114
3308 3092
2379
2720 2935
2922
2439 2417
2441
2624
2974
2031
1977
2606
2602
2227
2691
2720
2627
SINGLE FAMILY RESIDENTIAL CLOSINGS
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8
461 408 429 531 554
461 437 516 567 578
506 562 647
711 739 544 624
651
663 694 565 557
657
785 751 549 582
716
796 827
613 575
610
656 770
544 555
688
732
814
546 512
615
658
569
497 532
572
665
410 434
580
609
443 544
688
586
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
October 2018 Greater Las Vegas Market Update
0
100
200
300
400
500
600
700
800
900
1,000
2014 2015 2016 2017 2018
37 40 45 51 64 49 53 54 70
78 50 92 63
93 90
56
63 57
77 86
60
56 81
82 86
50
55 82
101 94
58
61 75
92 90
53
51
71
83 92
61
53
77
62 65
56
56
48
94
45
77
72
80
61
77
93
85
Vertical / Hi-Rise Closings
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
0
50
100
150
200
250
300
350
400
450
500
2014 2015 2016 2017 2018
20 18 17 19 25 20 26 24 25
51 30 34 32 45
46 27
32 19
27
37
26 27
36
56
44
36 35
35
45
58
20 29
25
44
43
25
25 26
35
62
27
27 23
35
28
24
26 24
40
19
33 36
39
26
27 28
46
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
October 2018 Greater Las Vegas Market Update
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)
Supply vs Demand
4.6
2.8
-
1.0
2.0
3.0
4.0
5.0
6.0
Jul-
09
Sep
-09
Nov
-09
Jan-
10
Mar
-10
May
-10
Jul-
10
Sep
-10
Nov
-10
Jan-
11
Mar
-11
May
-11
Jul-
11
Sep
-11
Nov
-11
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
Mar
-18
May
-18
Jul-
18
Sep
-18
Single Family Residential HomesMonths of Inventory
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
October 2018 Greater Las Vegas Market Update
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
Jan-
18
May
-18
Sep
-18
Uni
ts
Closed Units By Price Point
0-100K 100-250K 250-500K
0
50
100
150
200
250
300
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
Jan-
18
May
-18
Sep
-18
Uni
ts
Closed Units By Price Point
500-750K 750K-1M 1M+
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Equity Title of Nevada (702) 432-1111
www.equitynv.com
October 2018 Greater Las Vegas Market Update
2018
AprMay Jun Jul Aug Sep Sparklines
Months of
Inventory
Ave
Days
to Sell
Aliante 29 27 32 36 34 27 2 25
Anthem 19 19 23 17 17 18 2 34
Centennial Hills 30 31 32 38 48 28 3 31
Desert/South Shores 23 29 18 20 27 15 4 38
Green Valley 40 51 66 48 56 31 4 26
Green Valley Ranch 17 28 22 16 22 18 3 32
Inspirada 37 23 17 15 20 15 3 45
Iron Mountain Ranch 11 17 15 16 8 10 2 31
Lake Las Vegas 6 15 9 12 15 8 5 67
Mountains Edge 71 80 85 68 86 49 4 27
Peccole Ranch 13 14 18 14 14 8 4 16
Providence 39 51 62 45 48 46 2 24
Red Rock Country Club 6 12 10 8 10 5 9 40
Rhodes Ranch 24 37 24 20 26 16 5 90
Seven Hills 15 14 12 13 11 10 7 42
Siena (SFR & TWH) 15 14 18 14 16 10 5 74
Silverado Ranch 50 46 46 39 55 29 3 14
Silverstone Ranch 9 15 7 9 15 4 6 26
Southern Highlands 51 60 50 64 36 48 3 43
Spring Valley 35 38 35 25 29 18 5 34
Summerlin 70 74 67 66 53 55 3 39
Sun City Anthem 40 44 41 26 35 18 6 38
Sun City Summerlin 30 29 46 22 33 30 2 20
The Lakes 18 12 16 27 25 14 5 33
Other Groups
Boulder City 17 28 16 14 25 17 4 40
Pahrump/Nye 55 53 67 53 42 30 7 31
High Rise Sales 86 86 94 90 92 65 7 68
Luxury Sales ($1M+) 37 44 58 43 62 28 22 89
SFR Closed Sales in Selected Communities - Last Six Months
YTD Closed 2017 YTD Closed 2018 Units Change % Change
34,810 33,556 (1,254) -3.6%
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)
Supply vs Demand
REO1.2%
Short Sales1.4%
Traditional Equity97.4%
Last Month's Closings by Type
Cash25%
Conv52%
FHA12%
VA9%
Other2%
Last Month's Closings by Sold Terms
<250K37%
250-400K46%
400-700K14%
700K+3%
Closed Units by Price Point
<250K23%
250-400K45%
400-700K23%
700K+9%
CLOSED VOLUME BY PRICE POINT
