January 2021 Production Snapshot · 2021. 2. 5. · Las Vegas Market Update -Other GroupsFebruary...

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only * Based on January 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 2,979 2,795 4,288 2,637 359,000 484,281 345,000 425,514 1.1 94.3% 38

CON/TWH 809 1,011 1,093 624 187,000 229,431 193,000 209,876 1.6 61.7% 46

Total Residential 3,788 3,806 5,381 3,261 325,000 430,612 319,900 388,779 1.2 85.7% 55

Hi-Rise 137 607 117 63 420,000 779,729 350,000 446,465 11.6 10.4% 88

Multiple Dwelling 37 48 80 20 427,000 424,258 359,500 343,295 2.4 41.7% 40

Vacant Land 279 2,274 263 129 82,250 356,553 50,000 157,714 17.6 5.7% 208

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+

181 450 210 87 1,881,844 2,889,610 1,530,000 2,206,879 6 6.4% 59

January 2021 Production Snapshot

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

Las Vegas Market Update - February 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 2,546 3,494 3,890 3,318 389,900 693,762 345,000 446,739 1.1 95.0% 36

CON/TWH 646 1,214 883 793 185,000 222,295 186,000 201,715 1.5 65.3% 43

Total Residential 3,192 4,708 4,773 4,111 339,000 573,654 320,000 399,090 1.1 87.3% 55

Hi-Rise 126 641 91 76 418,900 751,364 352,001 572,516 10.4 11.9% 96

Multiple Dwelling 30 71 53 30 375,000 380,365 347,500 337,480 2.4 42.3% 30

Vacant Land 192 2,320 221 161 76,250 348,046 58,750 310,814 14.4 6.9% 241

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+

121 501 149 824 1,850,000 2,773,145 1,425,000 1,896,750 5 54.8% 94

December 2020 Production Snapshot

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




Single Family Residence

2,795 70.2%

CON/TWH1,011 25.4%

Hi-Rise137

3.4%

Multiple Dwelling, 37 , 0.9%

Las Vegas REALTORS Available Units



Single Family Residence

2,637 76.3%

CON/TWH624

18.0%

Hi-Rise117

3.4%

Multiple Dwelling. 80 . 2.3%

Las Vegas REALTORS Units Sold * Last Month



185,042

261,350

414,382

145,301

361,729

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

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 $52,653



0 - 45 DOM137851%

46 - 60 DOM2238%

61 - 90 DOM25910%

91 - 120 DOM238, 9%

> 120 DOM60122%

Available SFR InventoryDays on Market With No Current Offer



2020

AugSep Oct Nov Dec

2021

JanSparklines

Months of

Inventory

Ave SP

Last 6

Months

Ave

Days to

Sell

Aliante 28 21 30 22 27 22 1 387,767 17

Anthem 8 7 9 6 7 8 1 510,282 28

Cadence 11 29 27 23 22 7 4 402,864 42

Centennial Hills 38 41 40 45 34 28 1 427,046 18

Desert/South Shores 14 21 15 13 24 23 1 445,040 28

Green Valley 38 51 52 45 56 46 1 458,303 28

Green Valley Ranch 19 18 30 19 22 16 1 529,105 18

Inspirada 19 31 36 23 44 33 1 479,635 41

Iron Mountain Ranch 13 12 16 7 12 6 1 407,412 34

Lake Las Vegas 21 28 17 26 20 11 4 867,308 63

Lone Mountain 13 7 20 13 14 10 1 414,391 53

MacDonald Highlands 5 4 8 3 8 6 5 3,625,754 103

Mountains Edge 65 97 87 71 86 51 1 370,934 20

Peccole Ranch 12 19 13 12 10 10 2 385,003 31

Providence 53 51 58 57 49 48 0 358,905 30

Red Rock Cntry Club 9 9 6 20 11 6 3 1,272,565 37

Rhodes Ranch 25 27 25 29 31 22 2 414,888 70

Seven Hills 23 18 20 28 32 17 2 737,843 45

Siena (SFR & TWH) 23 13 14 10 10 9 2 478,355 59

Silverado Ranch 36 40 39 41 45 34 1 358,508 35

Silverstone Ranch 10 13 13 9 11 2 5 414,301 14

Skye Canyon 14 15 15 22 16 14 2 452,349 28

Southern Highlands 59 77 73 67 63 48 2 660,766 71

Spring Valley 27 26 23 25 27 26 1 335,971 38

Summerlin 64 90 67 68 82 50 2 718,347 44

Sun City Anthem 34 31 41 38 31 40 1 482,395 44

Sun City Summerlin 35 33 42 18 60 24 1 403,205 31

The Lakes 19 30 25 22 19 21 2 443,133 49

The Ridges 7 7 15 13 12 5 5 2,997,186 76

Tuscany 13 13 12 11 7 16 1 454,527 47

Other Groups

MLS Areas 101 - 606 2,786 3,152 3,109 3,923 3,207 2,547 2 425,479 37

Boulder City 20 16 15 21 23 24 2 523,177 51

Pahrump/Nye 71 65 58 52 59 38 3 296,008 49

High Rise Sales 39 60 50 49 76 63 11 494,343 88

Luxury Sales ($1M+) 73 96 95 98 131 87 6 2,041,655 59

SFR Closed Sales in Selected Communities - Last Six Months



2020

AugustSeptember October November December

2021

January

Price

Movement

Aliante 388,871 367,776 373,498 409,009 388,609 402,627

Anthem 492,875 402,643 457,200 711,500 482,500 554,988

Cadence 393,102 415,246 386,470 408,161 405,060 405,843

Centennial Hills 391,250 422,758 530,295 362,850 413,450 454,091

Desert/South Shores 449,161 414,024 445,093 477,838 421,250 477,104

Green Valley 411,294 497,181 470,451 466,215 439,338 455,647

Green Valley Ranch 507,713 429,333 598,275 428,085 573,577 595,869

Inspirada 469,772 484,550 481,822 483,237 485,324 468,216

Iron Mountain Ranch 382,123 422,992 409,875 389,684 371,741 516,500

Lake Las Vegas 837,973 916,149 667,630 850,927 868,275 1,144,545

Lone Mountain 444,989 325,986 375,078 345,730 446,957 558,790

MacDonald Highlands 5,614,561 2,820,000 2,963,115 2,655,059 4,679,717 2,469,167

Mountains Edge 358,341 377,882 381,520 374,493 367,421 356,678

Peccole Ranch 376,792 349,047 429,685 411,575 397,910 360,290

Providence 366,748 350,612 353,900 363,748 353,827 364,538

Red Rock Country Club 1,262,778 1,232,444 1,060,833 1,210,075 1,341,227 1,641,583

Rhodes Ranch 389,767 396,764 407,999 459,648 392,742 445,713

Seven Hills 572,904 705,244 621,645 550,679 1,016,803 915,382

Siena (SFR & TWH) 443,891 503,462 498,462 420,805 531,400 503,889

Silverado Ranch 391,419 362,549 341,609 365,793 340,630 353,170

Silverstone Ranch 401,900 425,769 394,808 421,667 427,073 425,073

Skye Canyon 459,382 468,670 440,334 450,423 467,839 426,026

Southern Highlands 733,884 567,095 570,174 605,597 841,754 698,392

Spring Valley 339,989 328,546 331,237 342,029 341,770 331,565

Summerlin 707,573 690,505 607,368 666,637 898,095 706,501

Sun City Anthem 482,982 477,600 465,517 525,086 447,687 489,257

Sun City Summerlin 380,718 410,133 417,374 386,238 406,594 405,929

The Lakes 439,784 424,393 388,141 508,382 429,711 482,190

The Ridges 2,043,571 3,675,000 2,694,000 3,089,154 3,764,750 2,211,600

Tuscany 455,830 455,830 432,925 456,626 466,286 462,025

Other Groups

MLS Areas 101 - 606 412,570 413,081 417,280 430,020 449,440 427,783

Boulder City 482,108 418,563 585,060 488,736 586,375 558,038

Pahrump/Nye 278,496 294,887 302,532 292,895 305,780 309,771

High Rise Sales 457,549 528,220 394,904 523,922 572,516 446,465

Luxury Sales ($1M+) 2,079,978 1,837,539 1,817,410 1,889,276 2,336,767 2,206,879

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 3410

3123 3428 3854

3297 2588 2532 2779

2994 2874 2646

3260

4051 4401 4484

3726 3180 3443 3578

4135 4117 3439

3618

3802 3992

4024

3882

3289 3467 3678

3709 3759

3821 2522

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 2635 937

1213 1281 1740

2431 2038 1787

1407 1098

2288 2390 2591

3053 2639

2008 1966 2117 2263 2134 1975

2484

1431 1602 1656

2187

3460 3127

2521

1605 1478

2980 3175 3384

3534

2958

2537 2706 2799 3210 3167

2627

2759

1164

1616 1828

2413

3267

2957

2266

1381 1794

3198 2951 3084

3185

3049

2613 2753 2870 2870 2882

2877 1978

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 2635

2591 3053

2639 2008 1966 2117 2263 2134

1975 2484

3384 3534

2958

2537 2706 2799 3210 3167

2627

2759

3084

3185

3049

2613 2753 2870 2870 2882

2877 1978

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

1.1

-

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-

20

Single Family Residential HomesMonths of Inventory



164,739

428,817

425,514

132,000

345,000

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

SFR Market PricesAverage Median



425,514

118,000

345,000

-

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

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%

7.4%

-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

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

846 775

609 506 562

647 711 739

640 715

742 674

649 544 624

651 663 694

755 441

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 63

89

61 63

49 53 54 70

78

48 64

86

79 74

50

92 63

93 90

63 58

76

65 86

56

63

57

77 86

69 17

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

15

28 30 34 32 45

46 50

58

19

33 27 32 19 27

37 47

35

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

5

6

-

5

10

15

20

25

30

35

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

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



REO0.6%

Short Sales0.7%

Traditional Equity98.7%

Last Month's Closings by Type



<250K23%

250-400K51%

400-700K20%

700K+6%

Closed Units by Price Point

<250K11%

250-400K41%400-700K

26%

700K+22%

CLOSED VOLUME BY PRICE POINT



Cash22%

Conv50%

FHA17%

VA10%

Other

1%

Last Month's Closings by Sold Terms



Cash33%

Conv41%

FHA19%

VA5%

Other2%

Closings By Sold TermsClosings Less Than $250,000



Cash18%

Conv45%

FHA24%

VA12%

Other1%

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



Cash17%

Conv68%

FHA

1% VA13%

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

100

200

300

400

500

600

700

800

900

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+

January 2021 Production Snapshot · 2021. 2. 5. · Las Vegas Market Update -Other GroupsFebruary...

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Transcript of January 2021 Production Snapshot · 2021. 2. 5. · Las Vegas Market Update -Other GroupsFebruary...