Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

May 2020 Greater Las Vegas Market Update

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 2,640 6,450 2,746 1,974 365,000 572,230 310,000 361,326 3.3 30.6% 38

CON/TWH 661 1,885 543 441 184,000 215,371 180,250 192,171 4.3 23.4% 39

Total Residential 3,301 8,335 3,289 2,415 234,900 298,401 210,000 243,786 3.5 29.0% 55

Hi-Rise 77 536 48 17 372,500 684,983 320,000 401,782 33.5 3.2% 60

Multiple Dwelling 30 84 33 27 335,000 346,748 340,000 329,854 3.1 32.1% 36

Vacant Land 154 2,554 137 60 69,700 345,564 24,000 52,729 42.6 2.3% 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+

95 589 77 168 1,870,000 2,562,487 1,352,500 1,713,974 19 9.5% 105

Last Month's Production Snapshot

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

<250K31%

250-400K51%

400-700K15%

700K+3%

Closed Units by Price Point

<250K18%

250-400K48%

400-700K23%

700K+11%

CLOSED VOLUME BY PRICE POINT

164,739

428,817

361,326

132,000

310,000

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

SFR Market PricesAverage Median

-0.1%

-8.5%

8.4%

29.4%

10.9%

7.4%

4.9%

11.1%

13.6%

5.6%

2.6%

-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

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

SFR Average Price and Year Over Year Percent Change

Ave Pct Change

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

May 2020 Greater Las Vegas Market Update

Single Family Residence

6,450 77%

CON/TWH1,885 22%

Hi-Rise77 1%

Multiple Dwelling, 30

Las Vegas REALTORS Available Units

Single Family Residence

1,974 79%

CON/TWH

441 18%

Hi-Rise48 2%

Multiple Dwelling. 33 . 1%

Las Vegas REALTORS Units Sold * Last Month

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

May 2020 Greater Las Vegas Market Update

185,042

261,350

384,525

145,301

337,003

100,000

150,000

200,000

250,000

300,000

350,000

400,000

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

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 $47,552

< 45 DOM283844%

46 - 60 DOM96315%

61 - 90 DOM96315%

91 - 120 DOM472, 8%

> 120 DOM116518%

Available SFR InventoryDays on Market With No Current Offer

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

May 2020 Greater Las Vegas Market Update

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2016 2017 2018 2019 2020

1885 2150 2266 1830 2293

2117 2263 2134 1975

2480

2799 3210 3167

2627 2764

2870 2870 2882

2877 1974

3068 3525 3147

3293

3273

3677 3272

2902

2838

3141 3190

3180

3114

3308 3092

3180

2935

2922

2439

2753

2624

2974

2695 2910

2606

2602

2300 2416

2720

2627

2152 2617

SINGLE FAMILY RESIDENTIAL CLOSINGS

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

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0

429 531 554 484 590

516 567 578 542

622

647 711 739

640 715

651 663 694

755 441

657

785 751 768

716

796 827 724

610

656 770

730

688

732

814

770 615

658

569

686 572

665 652

674 580

609 567

541 688

586 518

607

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

May 2020 Greater Las Vegas Market Update

0

100

200

300

400

500

600

700

800

900

1,000

2016 2017 2018 2019 2020

45 51 64 47 55

54 70

78 48

64

63

93 90

63 58

57

77 86

69 17

81

82 86

69

82

101 94

44

75

92 90

45

71

83 92

69

77

62 65

54

48

94 85

64

72

80 61

57

93

85 56

63

Vertical / Hi-Rise Closings

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

0

100

200

300

400

500

600

2016 2017 2018 2019 2020

17 19 25 30 47 24 25 51 31

46 32 45

46 50

58

19 27

37 46

35

36

56

44 74

35

45

58 51

25

44

43 49

26

35

62 54

23

35

28

44

24

40

40

52

36

39

30

51

28

46

37

62

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

May 2020 Greater Las Vegas Market Update

-

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

2.4

4.6

3.3

-

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

-19

Single Family Residential HomesMonths of Inventory

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

May 2020 Greater Las Vegas Market Update

NOV DEC2020

JanFEB MAR APR Sparklines

Months of

Inventory

Ave SP

Last 6

Months

Ave

Days to

Sell

Aliante 15 21 30 20 17 14 4 349,496 47

Anthem 8 10 4 8 6 2 12 417,702 18

Centennial Hills 27 33 18 23 31 21 3 410,205 11

Desert/South Shores 11 18 9 13 15 15 4 396,741 67

Green Valley 53 41 40 37 40 25 3 409,955 23

Green Valley Ranch 11 14 8 17 20 7 4 457,084 12

Inspirada 13 26 18 19 19 19 3 461,240 44

Iron Mountain Ranch 14 9 10 11 8 4 4 369,243 43

Lake Las Vegas 6 10 8 13 17 6 16 738,957 140

Lone Mountain 7 15 10 7 11 5 5 358,067 21

MacDonald Highlands 4 1 1 3 1 0 N/A 1,988,195 N/A

Mountains Edge 54 81 59 51 75 43 3 357,470 26

Peccole Ranch 7 7 13 11 12 10 2 364,117 13

Providence 36 28 29 35 46 29 3 337,017 29

Red Rock Cntry Club 5 2 6 7 8 1 N/A 1,198,560 43

Rhodes Ranch 16 18 15 10 18 16 6 400,847 43

Seven Hills 12 18 14 15 9 12 6 663,932 46

Siena (SFR & TWH) 12 13 9 11 6 4 9 447,103 22

Silverado Ranch 27 40 32 36 28 17 4 331,723 15

Silverstone Ranch 4 14 3 5 11 6 3 388,132 10

Skye Canyon 7 11 6 7 7 5 5 424,679 27

Southern Highlands 45 45 30 36 47 31 6 592,555 47

Spring Valley 22 22 23 16 12 6 11 330,763 15

Summerlin 51 51 47 61 50 37 6 587,594 48

Sun City Anthem 37 26 25 34 43 25 4 448,987 44

Sun City Summerlin 34 34 25 39 48 25 3 374,912 32

The Lakes 14 17 11 25 16 14 4 443,474 43

The Ridges 7 6 1 3 6 3 18 2,941,186 24

Other Groups

Boulder City 14 15 23 18 20 11 8 435,846 86

Pahrump/Nye 48 44 43 48 45 47 5 262,512 73

High Rise Sales 57 63 55 64 58 17 37 561,169 60

Luxury Sales ($1M+) 51 62 47 46 58 35 19 1,805,799 102

SFR Closed Sales in Selected Communities - Last Six Months

November December2020

JanuaryFebruary March Aoril

Price

Movement

Aliante 380,880 318,712 351,647 359,977 358,935 331,000

Anthem 396,111 445,990 473,750 359,550 472,083 320,000

Centennial Hills 355,637 405,442 423,083 490,582 395,774 410,078

Desert/South Shores 415,576 392,961 396,667 378,808 439,827 359,967

Green Valley 433,530 405,956 373,975 392,858 441,108 399,559

Green Valley Ranch 441,227 440,121 599,000 419,619 457,295 444,127

Inspirada 479,360 459,053 461,775 486,097 449,453 438,260

Iron Mountain Ranch 312,007 452,778 383,050 364,636 339,750 418,750

Lake Las Vegas 956,667 786,685 608,125 669,620 733,119 782,917

Lone Mountain 270,286 391,367 390,590 320,543 342,591 402,600

MacDonald Highlands 2,105,950 852,000 975,000 2,818,717 1,175,000 N/A

Mountains Edge 358,172 360,618 341,217 363,024 362,568 357,480

Peccole Ranch 331,614 365,786 382,038 391,477 354,375 344,000

Providence 328,008 337,725 312,903 344,021 348,601 344,803

Red Rock Country Club 1,122,000 1,680,000 1,499,000 977,357 1,094,094 1,200,000

Rhodes Ranch 383,616 416,201 422,660 370,480 397,477 403,125

Seven Hills 476,617 842,758 727,214 638,823 645,556 554,346

Siena (SFR & TWH) 474,358 497,915 395,167 388,727 483,500 423,000

Silverado Ranch 298,767 352,370 344,013 325,642 317,198 349,147

Silverstone Ranch 337,225 373,057 481,333 433,200 384,545 379,667

Skye Canyon 443,317 387,225 419,426 398,051 473,571 456,120

Southern Highlands 572,121 597,149 505,506 618,251 643,088 593,336

Spring Valley 351,060 319,145 318,248 330,712 336,583 335,417

Summerlin 514,656 596,952 517,186 585,507 682,811 639,435

Sun City Anthem 439,763 431,631 411,076 477,529 461,258 458,676

Sun City Summerlin 351,153 363,608 383,520 375,339 397,240 370,452

The Lakes 366,094 357,862 362,000 445,068 664,113 433,821

The Ridges 3,306,071 3,119,000 1,415,000 2,239,000 3,051,223 2,725,000

Other Groups

Boulder City 346,186 540,428 488,594 377,506 376,506 500,409

Pahrump/Nye 273,532 260,657 246,139 251,540 270,698 271,339

High Rise Sales 683,666 652,268 449,009 457,422 609,384 401,782

Luxury Sales ($1M+) 1,957,887 1,964,480 1,544,400 1,804,804 1,806,522 1,654,224

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