may 2021 production snapshot

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

July 2021 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 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.

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 4,103 3,000 4,143 3,551 490,000 870,123 395,000 495,672 0.8 118.4% 17

CON/TWH 1,013 694 1,108 949 225,000 273,674 216,000 237,553 0.7 136.7% 21

Total Residential 5,116 3,694 5,251 4,500 399,900 759,597 340,000 417,745 0.8 121.8% 29

Hi-Rise 131 390 168 128 429,444 805,600 366,200 579,759 5.0 32.8% 87

Multiple Dwelling 51 60 70 48 439,950 460,321 411,000 394,663 1.3 80.0% 51

Vacant Land 417 2,180 288 220 74,950 364,772 54,500 223,481 9.9 10.1% 249

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+228 518 210 856 1,950,000 3,023,029 1,492,000 1,962,589 4 55.1% 58

June 2021 Production Snapshot

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



164,739

428,817

495,697

132,000

395,000

-

100,000

200,000

300,000

400,000

500,000

600,000

SFR Market PricesAverage Median

-0.1%

-8.5%

8.4%

29.4%

10.9%

7.4%

4.9%

11.1%

13.7%

5.6%

11.1%

17.5%

-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

<250K18%

250-400K43%

400-700K31%

700K+8%

Closed Units by Price Point

<250K8%

250-400K32%

400-700K35%

700K+25%

CLOSED VOLUME BY PRICE POINT

185,042

261,350

441,008

145,301

386,927

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

Jan-

12

Apr-1

2

Jul-1

2

Oct-1

2

Jan-

13

Apr-1

3

Jul-1

3

Oct-1

3

Jan-

14

Apr-1

4

Jul-1

4

Oct-1

4

Jan-

15

Apr-1

5

Jul-1

5

Oct-1

5

Jan-

16

Apr-1

6

Jul-1

6

Oct-1

6

Jan-

17

Apr-1

7

Jul-1

7

Oct-1

7

Jan-

18

Apr-1

8

Jul-1

8

Oct-1

8

Jan-

19

Apr-1

9

Jul-1

9

Oct-1

9

Jan-

20

Apr-2

0

Jul-2

0

Oct-2

0

Jan-

21

Apr-2

1

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 $54,087



0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2017 2018 2019 2020 2021

2150 2266 1830 2292 2645

2263 2134 1975

2484 2777

3210 3167 2627

2759

3744

2870 2882

2877 1978

3546

3525 3147 3293

1711

3206

3677 3272

2902

2471

3543

3141 3190

3180

3332

3308 3092

3180

2916

2922

2439

2753

3282

2974

2695 2910

3231

2602

2300 2416

3039

2627

2152 2617 3324

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

531 554 484 590 625

567 578 542 622 723

711 739 640

715

1003

663 694 755

441

1026 785 751 768

375

920 796 827

724

472

947

656 770

730

702

732

814

770

684

658

569

686

729

665 652

674

737

609 567

541

729

586 518

607

797

CONDO / TOWNHOME CLOSINGS




0

100

200

300

400

500

600

700

800

900

1,000

2017 2018 2019 2020 2021

51 64 47 55 64

70 78

48 64

92

93 90

63 58

110

77 86

69 17

130 82 86

69

27

103 101

94

44

37

127

92 90

45

51

83 92

69

39

62 65

54

60

94 85

64

50

80 61

57

49

85 56

63

77

Vertical / Hi-Rise Closings


0

100

200

300

400

500

600

700

800

900

2017 2018 2019 2020 2021

19 25 30 47 8625

51 32 46

109

45 46 50

58

172

27 37 47

35

166

56 44 74 36

154

45 58

51 41

169

44

43 49 69

35

62 54 73

35

28 44

96

40

40

52

95

39

30

51

98

46

37

62

131

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




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

-

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



2021

JanFeb Mar Apr May Jun Sparklines

Months of

Inventory

Ave SP

Last 6

Months

Ave

Days to

Sell

Aliante 22 19 23 28 34 43 1 424,491 13

Anthem 8 6 14 15 12 8 1 578,300 17

Cadence 7 15 16 17 21 19 1 457,543 28

Centennial Hills 28 34 45 38 32 30 1 457,502 8

Desert/South Shores 23 15 22 28 30 22 1 478,451 10

Green Valley 46 34 65 46 52 57 1 488,010 9

Green Valley Ranch 16 15 22 13 19 28 1 537,765 13

Inspirada 33 43 27 29 32 30 1 510,596 12

Iron Mountain Ranch 6 8 12 15 14 11 1 455,171 9

Lake Las Vegas 11 14 20 17 13 14 4 1,122,393 30

Lone Mountain 10 4 7 13 11 5 5 515,203 15

MacDonald Highlands 6 5 12 10 2 8 3 3,298,734 19

Mountains Edge 51 61 84 81 70 83 1 409,789 12

Peccole Ranch 10 9 14 19 13 17 1 436,313 14

Providence 48 40 50 50 56 42 1 404,505 9

Red Rock Cntry Club 6 12 19 12 12 13 1 1,481,506 13

Rhodes Ranch 22 21 31 32 26 31 1 468,441 14

Seven Hills 17 20 20 18 22 22 1 1,054,891 17

Siena (SFR & TWH) 9 14 17 15 12 17 1 559,590 11

Silverado Ranch 34 46 58 47 41 58 1 411,714 10

Silverstone Ranch 2 7 4 12 5 11 1 472,713 8

Skye Canyon 14 15 17 14 18 14 1 489,838 47

Southern Highlands 48 43 59 61 56 68 1 761,105 20

Spring Valley 26 21 24 29 32 33 1 377,347 8

Summerlin 50 73 83 101 66 82 1 734,965 14

Sun City Anthem 40 32 52 33 35 38 1 545,903 15

Sun City Summerlin 24 36 51 51 38 41 1 460,084 11

The Lakes 21 23 19 25 15 21 2 484,510 10

The Ridges 5 10 8 9 8 6 5 3,107,696 42

Tuscany 16 12 18 16 11 17 2 514,298 12

Other Groups

MLS Areas 101 - 606 2,554 2,670 3,616 3,402 3,061 3,406 1 470,065 16

Boulder City 24 24 23 23 19 25 2 514,840 32

Pahrump/Nye 38 50 61 77 80 83 1 326,786 27

High Rise Sales 63 90 110 130 102 128 4 556,776 87

Luxury Sales ($1M+) 87 108 170 166 154 169 4 1,995,218 32

SFR Closed Sales in Selected Communities - Last Six Months

2021

JanuaryFebruary March April May June

Price

Movement

Aliante 402,627 398,474 443,691 391,711 427,276 456,047

Anthem 554,988 564,070 507,242 765,687 505,292 494,800

Cadence 405,843 387,612 472,802 477,768 472,505 484,315

Centennial Hills 454,091 424,829 457,386 478,084 451,833 477,867

Desert/South Shores 477,104 472,133 415,089 501,429 476,792 520,546

Green Valley 455,647 474,228 480,715 496,924 504,745 508,205

Green Valley Ranch 595,869 493,433 521,248 565,827 505,216 550,346

Inspirada 468,216 459,794 504,181 576,067 530,251 551,551

Iron Mountain Ranch 516,500 403,925 487,166 438,240 467,814 431,082

Lake Las Vegas 1,144,545 1,047,007 949,058 1,410,051 977,448 1,213,286

Lone Mountain 558,790 391,375 509,224 563,531 519,091 401,255

MacDonald Highlands 2,469,167 2,878,980 2,583,021 3,163,587 2,250,000 5,687,941

Mountains Edge 356,678 398,602 386,065 435,537 424,018 437,528

Peccole Ranch 360,290 467,711 403,853 496,063 431,223 428,253

Providence 364,538 369,020 407,466 414,520 433,229 430,233

Red Rock Country Club 1,641,583 1,118,463 1,595,235 1,357,996 1,724,583 1,466,154

Rhodes Ranch 445,713 437,890 456,255 469,790 483,627 503,323

Seven Hills 915,382 667,175 1,060,275 1,097,611 1,335,477 1,194,727

Siena (SFR & TWH) 503,889 514,529 616,200 534,733 573,075 581,994

Silverado Ranch 353,170 402,224 389,653 407,210 476,256 433,648

Silverstone Ranch 425,073 422,929 482,000 437,233 526,460 523,955

Skye Canyon 426,026 468,081 474,204 505,841 506,313 558,759

Southern Highlands 698,392 589,122 798,125 646,215 1,004,933 784,270

Spring Valley 331,565 347,728 378,224 420,217 389,408 382,261

Summerlin 706,501 824,126 628,207 807,787 754,354 675,706

Sun City Anthem 489,257 493,688 526,932 528,960 603,677 636,961

Sun City Summerlin 405,929 435,689 432,025 471,029 480,758 515,334

The Lakes 482,190 361,252 623,084 541,856 440,093 459,905

The Ridges 2,211,600 2,351,300 3,208,125 4,287,111 3,631,875 2,513,167

Tuscany 462,025 459,033 537,161 525,719 491,145 582,529

Other Groups

MLS Areas 101 - 606 427,783 447,772 460,169 480,858 490,828 500,310

Boulder City 558,038 466,149 526,421 500,039 458,442 565,939

Pahrump/Nye 309,771 317,104 305,843 326,074 327,973 355,318

High Rise Sales 446,465 568,382 493,526 644,185 542,633 579,759

Luxury Sales ($1M+) 2,206,879 1,997,335 1,823,872 2,059,323 1,957,693 2,028,491

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

may 2021 production snapshot

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