April 2021 Production Snapshot · 2021. 5. 5. · Las Vegas Market Update - May 2021 0 - 45 DOM 72%...

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only * Based on April 2021 Data

Listings

Taken

Available

Units

Pending

Units

Closed

Units

Median List

Price

Average List

Price

Median Sold

Price

Average Sold

Price

Months

of

Inventory

30 Day

Absorption

Rate

Average

DOM

SFR 3,937 2,269 4,487 3,522 475,000 927,820 375,000 474,836 0.6 155.2% 29

CON/TWH 1,023 623 1,218 1,022 207,000 273,365 202,450 220,998 0.6 164.0% 31

Total Residential 4,960 2,892 5,705 4,544 399,900 759,597 340,000 417,745 0.6 157.1% 29

Hi-Rise 152 482 148 129 420,000 778,432 380,000 618,171 5.7 26.8% 87

Multiple Dwelling 51 51 77 49 459,000 477,719 390,000 379,604 1.0 96.1% 42

Vacant Land 333 2,048 351 258 90,000 401,204 47,000 239,369 7.9 12.6% 263

Listings

Taken

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+253 449 257 524 1,950,000 3,177,450 1,525,000 1,919,395 3 38.9% 71

April 2021 Production Snapshot

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

Las Vegas Market Update - May 2021


Listings

Taken

Available

Units

Pending

Units

Closed

Units

Median List

Price

Average List

Price

Median Sold

Price

Average Sold

Price

Months

of

Inventory

30 Day

Absorption

Rate

Average

DOM

SFR 3,792 2,275 4,422 3,730 436,900 646,715 363,000 456,109 0.6 164.0% 37

CON/TWH 1,003 702 1,229 996 195,000 251,354 193,000 217,201 0.7 141.9% 42

Total Residential 4,795 2,977 5,651 4,726 325,000 430,612 319,900 388,779 0.6 158.8% 55

Hi-Rise 153 520 147 108 420,000 781,572 357,500 498,943 6.8 20.8% 80

Multiple Dwelling 66 52 87 34 434,450 434,755 370,000 381,572 1.5 65.4% 34

Vacant Land 342 2,085 339 239 89,500 366,241 46,666 380,885 8.7 11.5% 260

Listings Taken

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+

280 477 230 375 1,999,000 3,153,715 1,525,000 1,906,005 3 26.2% 74

March 2021 Production Snapshot

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




Single Family Residence

2,269 73.3%

CON/TWH623

20.1%

Hi-Rise152

4.9%

Multiple Dwelling, 51 , 1.6%

Las Vegas REALTORS Available Units



Single Family Residence

3,522 73.9%

CON/TWH1,022 21.4%

Hi-Rise148

3.1%

Multiple Dwelling. 77 . 1.6%

Las Vegas REALTORS Units Sold * Last Month



185,042

261,350

428,331

145,301

375,210

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

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

Jul-1

6

Oct

-16

Jan-

17

Apr

-17

Jul-1

7

Oct

-17

Jan-

18

Apr

-18

Jul-1

8

Oct

-18

Jan-

19

Apr

-19

Jul-1

9

Oct

-19

Jan-

20

Apr

-20

Jul-2

0

Oct

-20

Jan-

21

Apr

-21

Greater Las VegasSFR Average List vs Closed Sale Prices

R12 Ave Listed

R12 Ave Sold

"R12 Ave" is a Rolling 12 Month Average of the Prices

This chart is based on SFR listings with a

List Under $1,000,000

The Index is based on the Percentage of SFR listings

that have been on the market for more than 45 days

Average Over Pricing is $53,121



0 - 45 DOM72%

46 - 60 DOM6%

61 - 90 DOM7%

91 - 120 DOM 3%> 120 DOM

12%

Available SFR InventoryDays on Market With No Current Offer



Nov Dec2021

JanFeb Mar Apr Sparklines

Months of

Inventory

Ave SP

Last 6

Months

Ave

Days to

Sell

Aliante 22 27 22 19 23 28 1 404,910 8

Anthem 6 7 8 6 14 15 1 608,170 10

Cadence 23 22 7 15 16 17 1 426,410 20

Centennial Hills 45 34 28 34 45 28 1 427,631 5

Desert/South Shores 13 24 23 15 22 28 1 460,394 49

Green Valley 45 56 46 34 65 46 1 468,394 11

Green Valley Ranch 19 22 16 15 22 13 2 528,139 5

Inspirada 23 44 33 43 27 29 1 492,512 24

Iron Mountain Ranch 7 12 6 8 12 15 1 432,311 14

Lake Las Vegas 26 20 11 14 20 17 2 1,015,646 94

Lone Mountain 13 14 10 4 7 13 1 472,062 10

MacDonald Highlands 3 8 6 5 12 10 2 3,119,203 178

Mountains Edge 71 86 51 61 84 81 1 388,020 18

Peccole Ranch 12 10 10 9 14 19 1 429,857 11

Providence 57 49 48 40 50 50 0 379,010 10

Red Rock Cntry Club 20 11 6 12 19 12 1 1,360,393 20

Rhodes Ranch 29 31 22 21 31 32 1 443,876 21

Seven Hills 28 32 17 20 20 18 1 872,772 35

Siena (SFR & TWH) 10 10 9 14 17 15 1 530,091 15

Silverado Ranch 41 45 34 46 58 47 1 378,504 11

Silverstone Ranch 9 11 2 7 4 12 0 432,850 13

Skye Canyon 22 16 14 15 17 14 1 464,526 60

Southern Highlands 67 63 48 43 59 61 1 700,789 26

Spring Valley 25 27 26 21 24 29 1 361,613 26

Summerlin 68 82 50 73 83 101 1 761,902 33

Sun City Anthem 38 31 40 32 52 33 1 504,673 27

Sun City Summerlin 18 60 24 36 51 51 0 428,462 10

The Lakes 22 19 21 23 19 25 1 489,680 48

The Ridges 13 12 5 10 8 9 3 3,230,807 62

Tuscany 11 7 16 12 18 16 1 490,851 21

Other Groups

MLS Areas 101 - 606 3,923 3,207 2,554 2,670 3,616 3,394 1 449,929 28

Boulder City 21 23 24 24 23 23 2 521,298 33

Pahrump/Nye 52 59 38 50 61 77 1 310,570 27

High Rise Sales 49 76 63 90 110 130 4 553,083 87

Luxury Sales ($1M+) 98 131 87 108 170 166 3 2,046,003 64

SFR Closed Sales in Selected Communities - Last Six Months



November December2021

JanuaryFebruary March April

Price

Movement

Aliante 409,009 388,609 402,627 398,474 443,691 391,711

Anthem 711,500 482,500 554,988 564,070 507,242 765,687

Cadence 408,161 405,060 405,843 387,612 472,802 477,768

Centennial Hills 362,850 413,450 454,091 424,829 457,386 478,084

Desert/South Shores 477,838 421,250 477,104 472,133 415,089 501,429

Green Valley 466,215 439,338 455,647 474,228 480,715 496,924

Green Valley Ranch 428,085 573,577 595,869 493,433 521,248 565,827

Inspirada 483,237 485,324 468,216 459,794 504,181 576,067

Iron Mountain Ranch 389,684 371,741 516,500 403,925 487,166 438,240

Lake Las Vegas 850,927 868,275 1,144,545 1,047,007 949,058 1,410,051

Lone Mountain 345,730 446,957 558,790 391,375 509,224 563,531

MacDonald Highlands 2,655,059 4,679,717 2,469,167 2,878,980 2,583,021 3,163,587

Mountains Edge 374,493 367,421 356,678 398,602 386,065 435,537

Peccole Ranch 411,575 397,910 360,290 467,711 403,853 496,063

Providence 363,748 353,827 364,538 369,020 407,466 414,520

Red Rock Country Club 1,210,075 1,341,227 1,641,583 1,118,463 1,595,235 1,357,996

Rhodes Ranch 459,648 392,742 445,713 437,890 456,255 469,790

Seven Hills 550,679 1,016,803 915,382 667,175 1,060,275 1,097,611

Siena (SFR & TWH) 420,805 531,400 503,889 514,529 616,200 534,733

Silverado Ranch 365,793 340,630 353,170 402,224 389,653 407,210

Silverstone Ranch 421,667 427,073 425,073 422,929 482,000 437,233

Skye Canyon 450,423 467,839 426,026 468,081 474,204 505,841

Southern Highlands 605,597 841,754 698,392 589,122 798,125 646,215

Spring Valley 342,029 341,770 331,565 347,728 378,224 420,217

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



0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

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 2 0 1 8 2 0 1 9 2 0 2 0 2 0 2 1

3316 3270 3669 2880 2647 2313 2429 2830 2982 2436 3039 3424

3123 3428 3854

3297 2588 2532 2779

2994 2874 2646

3260 3699

4051 4401 4484

3726 3180 3443 3578

4135 4117 3439

3618

5004

3802 3992

4024

3882

3289 3467 3678

3709 3759

3821 2522

4858

3711 4052

4225

3982

3538 3477 3899

4503 4112

4266 2180

4335

4627 4057

3744

3358 3780

4178

4687 4295

3773

3058

3806

4136 3659

3720

3389 3924

3608

4000 4152

4072

4186

3709

4798 2829

3691

3197 3556

3973

4226 4120

4120

3745

3665

4176

3350

3332

3079

3381

3716

3726 3146

3590

4179

3449

3953

3772

3317

3057

3131

3328

3834

3545

3757

4114

3575

3958

3363

2771

2550

2566

3344

3381

3002 3099

3924

4069

4340

3708

3002

2838

3405

3618

3397

2823 3394

4320

ALL RESALE CLOSINGS - RES, VER, MULTIJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec



2 0 0 0 2 0 0 1 2 0 0 2 2 0 0 3 2 0 0 4 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 2 0 1 8 2 0 1 9 2 0 2 0 2 0 2 1

779 1117 1340 1749 2217 1985 1778 1397 983 2224 2608 2509 2931 2284 2068 1793 1885 2150 2266 1830 2292 2645 937

1213 1281 1740

2431 2038 1787

1407 1098

2288 2390 2591

3053 2639

2008 1966 2117 2263 2134 1975

2484 2777

1431 1602 1656

2187

3460 3127

2521

1605 1478

2980 3175 3384

3534

2958

2537 2706 2799 3210 3167

2627

2759

3744

1164

1616 1828

2413

3267

2957

2266

1381 1794

3198 2951 3084

3185

3049

2613 2753 2870 2870 2882

2877 1978

3522

1303

1838 2089

2537

3204

3096

2556

1568 2026

3255 2884 3111

3413

3074

2823 2751 3068

3525 3147

3293 1711

1345

1852 2041

2505

3552

3318

2510

1476 2226

3785 3360 3629

3212

2964

2675 3056 3273

3677 3272

2902

2471

1384

1776

2160

2983

3397

3240

1996

1318

2592

3738 2948

3164 2887

2943

2642 3178

2838

3141 3190

3180

3332

1572

1924

2183

2923

3192

3331

2097

1316

2545

3229

2819

3706 3076

2930

2568 2867

3114

3308 3092

3180

2916

1325

1427

1919

2803

2922

2985

1739

990

2783

3358

2806

3242 2666

2669

2379

2720

2935

2922

2439

2753

3282

1332

1656

2084

2684

2604

2574

1689

974

2718

3535

2599

3118 2995

2636

2417

2441

2624

2974

2695 2910

3231

1229

1317

1865

2803

2492

2441

1547

968

2183

3117

2777

3159 2661

2201

2031

1977

2606

2602

2300 2416

3039

1205

1466

1935

2818

2522

2437

1644

879

2498

3420

3117

3456

2961

2379

2227

2691

2720

2627

2152 2617 3324

SINGLE FAMILY RESIDENTIAL CLOSINGS

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



0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

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 2 0 1 8 2 0 1 9 2 0 2 0 2 0 2 1

2509 2931 2284 2068 1793 1885 2150 2266 1830 2292 2645

2591 3053

2639 2008 1966 2117 2263 2134

1975 2484

2777

3384 3534

2958

2537 2706 2799 3210 3167

2627

2759

3744

3084

3185

3049

2613 2753 2870

2870 2882

2877 1978

3522

3111

3413

3074

2823 2751 3068

3525 3147

3293 1711

3629

3212

2964

2675 3056 3273

3677 3272

2902

2471

3164 2887

2943

2642 3178

2838

3141 3190

3180

3332

3706 3076

2930

2568

2867 3114

3308 3092

3180

2916

3242 2666

2669

2379

2720

2935

2922

2439

2753

3282

3118 2995

2636

2417

2441

2624

2974

2695 2910

3231

3159 2661

2201

2031

1977

2606

2602

2300 2416

3039

3456

2961

2379

2227

2691

2720

2627

2152 2617 3324

SINGLE FAMILY RESIDENTIAL CLOSINGSJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec



2.4

4.6

3.7

0.6

-

1.0

2.0

3.0

4.0

5.0

6.0

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

Jul-1

6

Oct

-16

Jan-

17

Apr-

17

Jul-1

7

Oct

-17

Jan-

18

Apr-

18

Jul-1

8

Oct

-18

Jan-

19

Apr-

19

Jul-1

9

Oct

-19

Jan-

20

Apr-

20

Jul-2

0

Oct

-20

Jan-

21

Single Family Residential HomesMonths of Inventory



164,739

428,817

474,836

132,000

375,000

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

SFR Market PricesAverage Median



474,836

118,000

375,000

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

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

Jul-1

6

Oct

-16

Jan-

17

Apr-

17

Jul-1

7

Oct

-17

Jan-

18

Apr-

18

Jul-1

8

Oct

-18

Jan-

19

Apr-

19

Jul-1

9

Oct

-19

Jan-

20

Apr-

20

Jul-2

0

Oct

-20

Jan-

21

Apr-

21

Single Family Residential Price Trend

Average Median



-0.1%

-8.5%

8.4%

29.4%

10.9%

7.4%

4.9%

11.1%

13.7%

5.6%

11.1%

14.3%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021

SFR Average Price and Year Over Year Percent Change

Ave Pct Change



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 2 0 1 8 2 0 1 9 2 0 2 0 2 0 2 1

621 600 479 461 408 429 531 554 484 590 625

691 680 529 461 437 516

567 578 542 622 723

846 775

609 506 562

647 711 739

640 715

1003

742 674

649 544 624

651 663 694

755 441

1023

789 657

810

565 557

657

785 751 768

375

843

656

678

549 582

716

796 827 724

472

799

613

691

613 575

610

656 770

730

702

919

612 595

544 555

688

732 814

770

684

800

570 586

546 512

615

658 569

686

729

704

603 565

497 532

572

665 652

674

737

674

543

493

410 434

580

609 567

541

729

718

586

521

443 544

688

586 518

607

797

CONDO / TOWNHOME CLOSINGSJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec



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 2 0 1 8 2 0 1 9 2 0 2 0 2 0 2 1

84 60 58

37 40 45 51 64 47 55 64

89

61 63

49 53 54 70

78

48 64

92

86

79 74

50

92 63

93 90

63 58

110

76

65 86

56

63

57

77 86

69 17

130

91

64

83

60

56 81

82

86

69

27

68

75

70

50

55 82

101

94

44

37

74

69

62

58

61

75

92 90

45

51

68

59 58

53

51

71

83

92

69

39

66

62 56

61

53

77

62

65

54

60

59

70 53

56

56

48

94

85

64

50

50

68 45

45

77

72

80 61

57

49

76

77

44

61

77

93

85 56

63

77

Vertical / Hi-Rise ClosingsJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec



0

100

200

300

400

500

600

700

800

900

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

8 25 20 18 17 19 25 30 47 87

14 25 20 26 24 25

51 32 46

108

15

28 30 34 32 45 46 50

58

170

19

33 27 32 19 27

37 47

35

162

11

35 26

27 36

56

44 74 36

19

33 36

35 35

45

58 51

41

20

27 20

29 25

44

43 49 69

20

23 25

25 26

35

62 54 73

8

31 27

27 23

35

28 44

96

10

31

24 26

24

40

40

52

95

17

22

19 33

36

39

30

51

98

17

28

26

27 28

46

37

62

131

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

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



16

20

14

31

29

19

14

20 17

10

7 6

5

3

-

5

10

15

20

25

30

35

Luxury Market - $1,000,000 and OverMonths of Inventory



REO0.54%

Short Sales0.43%

Traditional Equity

99.03%

Last Month's Closings by Type



<250K22%

250-400K45%

400-700K25%

700K+8%

Closed Units by Price Point

<250K10%

250-400K35%

400-700K31%

700K+24%

CLOSED VOLUME BY PRICE POINT



Cash28%

Conv48%

FHA14%

VA8%

Other

2%

Last Month's Closings by Sold Terms



Cash36%

Conv40%

FHA19%

VA3%

Other2%

Closings By Sold TermsClosings Less Than $250,000



Cash25%

Conv44%

FHA21%

VA9%

Other1%

Closings By Sold TermsClosings Between $250,000 and $400,000



Cash23%

Conv63%

FHA1% VA

12%

Other

1%

Closings By Sold TermsClosings Between $400,000 and $700,000



-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Supply vs Demand - Single Family Residential

Available Supply

Closed Sales Demand



0

1000

2000

3000

4000

5000

6000

7000

Residential Listings Taken vs Listings Sold

Sold

Listed



0

500

1000

1500

2000

2500

3000

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

Jan-

19

May

-19

Sep-

19

Jan-

20

May

-20

Sep-

20

Jan-

21

Uni

ts

Closed Units By Price Point - RES & VER

0-100K 100-250K 250-400K



0

200

400

600

800

1000

1200

1400

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

Jan-

19

May

-19

Sep-

19

Jan-

20

May

-20

Sep-

20

Jan-

21

Uni

ts

Closed Units By Price Point - RES & VER

400-700K 700K+

April 2021 Production Snapshot · 2021. 5. 5. · Las Vegas Market Update - May 2021 0 - 45 DOM 72%...

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Transcript of April 2021 Production Snapshot · 2021. 5. 5. · Las Vegas Market Update - May 2021 0 - 45 DOM 72%...