may 2021 production snapshot - wordpress.com · 2021. 6. 4. · las vegas market update - june 2021...

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only * Based on May 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 3,933 2,582 4,393 3,204 480,000 911,753 385,000 484,231 0.8 124.1% 19

CON/TWH 1,034 648 1,172 920 214,950 270,868 205,500 229,563 0.7 142.0% 30

Total Residential 4,967 3,230 5,565 4,124 399,900 759,597 340,000 417,745 0.8 127.7% 29

Hi-Rise 162 438 182 102 420,444 757,391 395,000 542,633 6.3 23.3% 65

Multiple Dwelling 56 59 79 39 424,900 447,858 427,000 508,279 1.5 66.1% 20

Vacant Land 339 2,049 342 201 89,999 382,149 61,000 167,933 10.2 9.8% 229

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+251 484 247 687 1,982,500 3,097,682 1,510,000 1,946,378 4 47.3% 65

May 2021 Production Snapshot

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

Las Vegas Market Update - June 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 3,937 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.




Single Family Residence

2,582 74.9%

CON/TWH648

18.8%

Hi-Rise162

4.7%

Multiple Dwelling, 56 , 1.6%

Las Vegas REALTORS Available Units



Single Family Residence

3,204 73.1%

CON/TWH920

21.0%

Hi-Rise182

4.2%

Multiple Dwelling. 79 . 1.8%

Las Vegas REALTORS Units Sold * Last Month



185,042

261,350

434,896

145,301

381,108

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

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 $53,788



0 - 45 DOM74%

46 - 60 DOM5%

61 - 90 DOM8%

91 - 120 DOM 3% > 120 DOM10%

Available SFR InventoryDays on Market With No Current Offer



Dec2021

JanFeb Mar Apr May Sparklines

Months of

Inventory

Ave SP

Last 6

Months

Ave

Days to

Sell

Aliante 27 22 19 23 28 34 0 409,290 9

Anthem 7 8 6 14 15 12 1 578,258 12

Cadence 22 7 15 16 17 21 1 440,570 45

Centennial Hills 34 28 34 45 38 32 1 447,508 12

Desert/South Shores 24 23 15 22 28 30 1 462,261 23

Green Valley 56 46 34 65 46 52 1 475,044 11

Green Valley Ranch 22 16 15 22 13 19 1 541,836 5

Inspirada 44 33 43 27 29 32 1 499,343 22

Iron Mountain Ranch 12 6 8 12 15 14 1 444,183 14

Lake Las Vegas 20 11 14 20 17 13 3 1,055,499 51

Lone Mountain 14 10 4 7 13 11 2 508,666 30

MacDonald Highlands 8 6 5 12 10 2 13 3,111,157 34

Mountains Edge 86 51 61 84 81 70 1 396,057 8

Peccole Ranch 10 10 9 14 19 13 2 433,019 11

Providence 49 48 40 50 50 56 0 392,342 8

Red Rock Cntry Club 11 6 12 19 12 12 1 1,462,847 34

Rhodes Ranch 31 22 21 31 32 26 1 447,410 12

Seven Hills 32 17 20 20 18 22 1 1,021,594 14

Siena (SFR & TWH) 10 9 14 17 15 12 1 550,983 18

Silverado Ranch 45 34 46 58 47 41 1 395,217 8

Silverstone Ranch 11 2 7 4 12 5 1 446,721 26

Skye Canyon 16 14 15 17 14 18 1 475,829 12

Southern Highlands 63 48 43 59 61 56 1 771,728 34

Spring Valley 27 26 21 24 29 32 1 370,286 17

Summerlin 82 50 73 83 101 66 1 775,044 23

Sun City Anthem 31 40 32 52 33 35 1 516,733 10

Sun City Summerlin 60 24 36 51 51 38 0 439,028 8

The Lakes 19 21 23 19 25 15 3 480,211 17

The Ridges 12 5 10 8 9 8 3 3,327,923 59

Tuscany 7 16 12 18 16 11 1 495,597 12

Other Groups

MLS Areas 101 - 606 3,207 2,554 2,670 3,616 3,402 3,061 1 460,926 18

Boulder City 23 24 24 23 23 19 3 517,545 23

Pahrump/Nye 59 38 50 61 77 80 1 316,903 40

High Rise Sales 76 63 90 110 130 102 5 553,719 65

Luxury Sales ($1M+) 131 87 108 170 166 154 4 2,043,159 43

SFR Closed Sales in Selected Communities - Last Six Months



December2021

JanuaryFebruary March April May

Price

Movement

Aliante 388,609 402,627 398,474 443,691 391,711 427,276

Anthem 482,500 554,988 564,070 507,242 765,687 505,292

Cadence 405,060 405,843 387,612 472,802 477,768 472,505

Centennial Hills 413,450 454,091 424,829 457,386 478,084 451,833

Desert/South Shores 421,250 477,104 472,133 415,089 501,429 476,792

Green Valley 439,338 455,647 474,228 480,715 496,924 504,745

Green Valley Ranch 573,577 595,869 493,433 521,248 565,827 505,216

Inspirada 485,324 468,216 459,794 504,181 576,067 530,251

Iron Mountain Ranch 371,741 516,500 403,925 487,166 438,240 467,814

Lake Las Vegas 868,275 1,144,545 1,047,007 949,058 1,410,051 977,448

Lone Mountain 446,957 558,790 391,375 509,224 563,531 519,091

MacDonald Highlands 4,679,717 2,469,167 2,878,980 2,583,021 3,163,587 2,250,000

Mountains Edge 367,421 356,678 398,602 386,065 435,537 424,018

Peccole Ranch 397,910 360,290 467,711 403,853 496,063 431,223

Providence 353,827 364,538 369,020 407,466 414,520 433,229

Red Rock Country Club 1,341,227 1,641,583 1,118,463 1,595,235 1,357,996 1,724,583

Rhodes Ranch 392,742 445,713 437,890 456,255 469,790 483,627

Seven Hills 1,016,803 915,382 667,175 1,060,275 1,097,611 1,335,477

Siena (SFR & TWH) 531,400 503,889 514,529 616,200 534,733 573,075

Silverado Ranch 340,630 353,170 402,224 389,653 407,210 476,256

Silverstone Ranch 427,073 425,073 422,929 482,000 437,233 526,460

Skye Canyon 467,839 426,026 468,081 474,204 505,841 506,313

Southern Highlands 841,754 698,392 589,122 798,125 646,215 1,004,933

Spring Valley 341,770 331,565 347,728 378,224 420,217 389,408

Summerlin 898,095 706,501 824,126 628,207 807,787 754,354

Sun City Anthem 447,687 489,257 493,688 526,932 528,960 603,677

Sun City Summerlin 406,594 405,929 435,689 432,025 471,029 480,758

The Lakes 429,711 482,190 361,252 623,084 541,856 440,093

The Ridges 3,764,750 2,211,600 2,351,300 3,208,125 4,287,111 3,631,875

Tuscany 466,286 462,025 459,033 537,161 525,719 491,145

Other Groups

MLS Areas 101 - 606 449,440 427,783 447,772 460,169 480,858 490,828

Boulder City 586,375 558,038 466,149 526,421 500,039 458,442

Pahrump/Nye 305,780 309,771 317,104 305,843 326,074 327,973

High Rise Sales 572,516 446,465 568,382 493,526 644,185 542,633

Luxury Sales ($1M+) 2,336,767 2,206,879 1,997,335 1,823,872 2,059,323 1,957,693

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

4873

3711 4052

4225

3982

3538 3477 3899

4503 4112

4266 2180

4390 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

3546

1303

1838 2089

2537

3204

3096

2556

1568 2026

3255 2884 3111

3413

3074

2823 2751 3068

3525 3147

3293 1711

3204

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

3546

3111

3413

3074

2823 2751 3068

3525 3147

3293 1711

3204

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

0.8

-

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

Apr-

21

Single Family Residential HomesMonths of Inventory



164,739

428,817

484,231

132,000

385,000

-

100,000

200,000

300,000

400,000

500,000

600,000

SFR Market PricesAverage Median



484,231

118,000

385,000

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

(50,000)

50,000

150,000

250,000

350,000

450,000

550,000

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%

15.8%

-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

1026

789 657

810

565 557

657

785 751 768

375

920

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

102 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 86

14 25 20 26 24 25

51 32 46

109

15

28 30 34 32 45 46 50

58

172

19

33 27 32 19 27

37 47

35

166

11

35 26

27 36

56

44 74 36

154

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

4

-

5

10

15

20

25

30

35

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



REO0.38%

Short Sales0.47%

Traditional Equity

99.15%

Last Month's Closings by Type



<250K21%

250-400K43%

400-700K28%

700K+8%

Closed Units by Price Point

<250K9%

250-400K33%

400-700K33%

700K+25%

CLOSED VOLUME BY PRICE POINT



Cash31%

Conv48%

FHA12%

VA8%

Other1%

Last Month's Closings by Sold Terms



Cash40%

Conv39%

FHA16%

VA

3%

Other1%

Closings By Sold TermsClosings Less Than $250,000



Cash30%

Conv41%

FHA20%

VA8%

Other1%

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



Cash24%

Conv63%

FHA2% VA

10%

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

May

-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

May

-21

Uni

ts

Closed Units By Price Point - RES & VER

400-700K 700K+

may 2021 production snapshot - wordpress.com · 2021. 6. 4. · las vegas market update - june 2021...

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