May 2021 Production Snapshot
Transcript of 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.
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
July 2021 Greater Las Vegas Market Update
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
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
July 2021 Greater Las Vegas Market Update
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
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
July 2021 Greater Las Vegas Market Update
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
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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
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
July 2021 Greater Las Vegas Market Update
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
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
July 2021 Greater Las Vegas Market Update
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