Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
June 2015 Greater Las Vegas Market Update
REO8%
Short Sales7%
Traditional Equity85%
May Closings by Type
Cash30%
Conv33%
FHA27%
VA8%
Other2%
May Closings by Sold Terms
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
Closed Sales Trend by Type
REO Short Traditional
2009 20112010 2012 2013 2014 2015
-
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
SFR Market Prices
Average Median
Available Units
Average List Price
Average LP/Sq Ft
Pending Units
May Sold Units
30 Day Absorption
Rate
Median Sold Price
Average Sold Price
Average SP/Sq Ft
Average DOM
REO: 315 229,832 107 378 214 67.9% 174,950 177,401 100 48
Short Sales: 790 214,606 105 2,084 204 25.8% 175,000 199,375 101 193
Traditional: 6,867 460,827 151 3,802 2,327 33.9% 220,000 256,110 124 49
Total GLVAR: 7,972 427,290 145 6,264 2,745 34.4% 211,000 245,758 120 60
Greater Las Vegas Snapshot by Sale Type - SFR Only
This data includes all GLVAR listings and sales within the Greater Las Vegas market area; SFR
Available Units
Average List Price
Average LP/Sq Ft
Pending Units
May Sold Units
30 Day Absorption
Rate
Median Sold Price
Average Sold Price
Average SP/Sq Ft
Average DOM
REO 430 191,696 98 456 288 67.0% 154,975 151,955 90 47
Short Sales 979 191,493 101 2,496 243 24.8% 166,000 184,167 98 196
Traditional 8,629 392,841 141 4,511 2,842 32.9% 200,000 230,622 118 51
Total GLVAR 10,038 364,576 135 7,463 3,373 33.6% 190,100 220,558 114 61
Greater Las Vegas Snapshot by Sale Type
This data includes all GLVAR listings and sales within the Greater Las Vegas market area; SFR, CON, TWH, MAN
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
June 2015 Greater Las Vegas Market Update
442,862
496,023
549,092
420,512
460,911
190,837
256,110
0
100,000
200,000
300,000
400,000
500,000
600,000
Aug-
11
Sep-
11
Oct
-11
Nov
-11
Dec
-11
Jan-
12
Feb-
12
Mar
-12
Apr-
12
May
-12
Jun-
12
Jul-1
2
Aug-
12
Sep-
12
Oct
-12
Nov
-12
Dec
-12
Jan-
13
Feb-
13
Mar
-13
Apr-
13
May
-13
Jun-
13
Jul-1
3
Aug-
13
Sep-
13
Oct
-13
Nov
-13
Dec
-13
Jan-
14
Feb-
14
Mar
-14
Apr-
14
May
-14
Jun-
14
Jul-1
4
Aug-
14
Sep-
14
Oct
-14
Nov
-14
Dec
-14
Jan-
15
Feb-
15
Mar
-15
Apr-
15
May
-15
Greater Las Vegas
SFR Average Equity Listing vs Sale Prices
Ave Available
Ave Listed Current Month
Ave Sold
Average Listing Pricein May was
$341,068
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
1749 2217 1985 1778 1397 983 2224 2608 2509 2931 2284 2063 1794
1740 2431 2038 1787
1407 1098
2288 2390 2591 3053
2639 1993 1965
2187
3460 3127
2521
1605 1478
2980 3175 3384
3534
2958 2537 2702
2413
3267 2957
2266
1381 1794
3198 2951 3084
3185
3049
2613 2753
2537
3204
3096
2556
1568 2026
3255 2884 3111
3413
3074
2824 2745
2505
3552
3318
2510
1476 2226
3785 3360 3629
3212
2964
2675
2983
3397
3240
1996
1318
2592
3738 2948
3164 2887
2943
2633
2923
3192
3331
2097
1316
2545
3229
2819
3706 3076
2930
2567
2803
2922
2985
1739
990
2783
3358
2806
3242 2666
2669
2375
2684
2604
2574
1689
974
2718
3535
2599
3118 2995
2636
2405
2803
2492
2441
1547
968
2183
3117
2777
3159 2661
2201
2031
2818
2522
2437
1644
879
2498
3420
3117
3456
2961
2379
2182
Single Family Residential ClosingsJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
June 2015 Greater Las Vegas Market Update
3534
2745
0
500
1000
1500
2000
2500
3000
3500
4000
0
500
1000
1500
2000
2500
Jan-
12 Feb
Mar
Apr
May Jun Jul
Aug
Sep
Oct
Nov Dec
Jan-
13 Feb
Mar
Apr
May Jun Jul
Aug
Sep
Oct
Nov Dec
Jan-
14 Feb
Mar
Apr
May Jun Jul
Aug
Sep
Oct
Nov Dec Jan
Feb
Mar
Apr
May
SFR Monthly Closings By Type
REO Short Sales Traditional Total Closings
0
20
40
60
80
100
120
140
160
$68
$120
S
P
/
S
q
F
t
Sales Price per Square Foot Trend
Single Family Residences
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
REO9%
Short Sales29%Classic
62%
GREATER LAS VEGAS - CLOSINGS BY TYPE - 2013
Cash
52%
Conv27%
FHA
14%
VA5%
Other2%
2013 Closings By Sold Terms
June 2015 Greater Las Vegas Market Update
Cash38%
Conv32%
FHA21%
VA7%
Other2%
2014 Closings By Sold Terms
REO10%
Short Sales12%
Traditional
Equity78%
Greater Las Vegas - Closings By Type - 2014
Cash32%
Conv33%
FHA25%
VA8%
Other2%
2015 Closings By Sold Terms
REO9%
Short Sales8%
Traditional Equity83%
Greater Las Vegas - Closings By Type - 2015
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
June 2015 Greater Las Vegas Market Update
SFRCon
TwnHi-Rise Total % Tot SFR
Con
TwnHi-Rise
$99,999 or Under 101 311 - 412 9% 87 257 4
$100,000 - 119,999 93 76 1 170 4% 86 79 4
$120,000 - 139,999 178 93 4 275 6% 158 63 1
$140,000 - 159,999 269 83 3 355 8% 249 44 1
$160,000 - 179,999 391 53 3 447 10% 328 47 2
$180,000 - 199,999 359 34 6 399 9% 305 23 4
$200,000 - 249,999 681 39 10 730 16% 594 30 4
$250,000 - 299,999 545 15 19 579 12% 363 8 4
$300,000 - 399,999 550 10 26 586 12% 353 3 8
$400,000 - 499,999 264 2 7 273 6% 118 2 7
$500,000 - 749,999 255 2 20 277 6% 71 1 7
$750,000 - 999,999 70 - 7 77 2% 12 - 2
$1,000,000 + 87 1 22 110 2% 21 - 8
Totals 3,843 719 128 4,690 100% 2,745 557 56
Residential / Vertical Listing and Sales Report * May 2015
Listed Sold
SFRCon
TwnHi-Rise Total % Tot SFR
Con
TwnHi-Rise Total % Tot
$99,999 or Under 1,570 4,296 43 5,909 11% 1,251 3,050 22 4,323 12%
$100,000 - 119,999 1,340 1,090 28 2,458 5% 1,144 791 15 1,950 5%
$120,000 - 139,999 2,440 1,031 28 3,499 7% 1,998 693 9 2,700 8%
$140,000 - 159,999 3,720 831 42 4,593 9% 3,048 562 27 3,637 10%
$160,000 - 179,999 4,344 510 93 4,947 9% 3,429 350 59 3,838 11%
$180,000 - 199,999 3,898 294 95 4,287 8% 2,954 189 57 3,200 9%
$200,000 - 249,999 7,881 501 149 8,531 16% 5,634 308 74 6,016 17%
$250,000 - 299,999 5,425 188 170 5,783 11% 3,526 93 67 3,686 10%
$300,000 - 399,999 5,637 82 289 6,008 11% 3,414 36 128 3,578 10%
$400,000 - 499,999 2,352 33 186 2,571 5% 1,217 13 69 1,299 4%
$500,000 - 749,999 1,986 28 164 2,178 4% 826 13 60 899 3%
$750,000 - 999,999 630 1 84 715 1% 223 2 23 248 1%
$1,000,000 + 758 1 181 940 2% 238 - 78 316 1%
Totals 41,981 8,886 1,552 52,419 100% 28,902 6,100 688 35,690 100%
Median Price 225,000 102,500 325,000 204,819 100,000 314,250
Average Price 296,371 114,474 502,993 245,058 112,516 490,465
Listed
Residential / Vertical Listing and Sales Report * Rolling 12 Months * Ending May 2015
Sold
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
June 2015 Greater Las Vegas Market Update
0
1000
2000
3000
4000
5000
6000
7000
8000
Residential Listings Taken vs Listings Sold
Sold
Listed
Available
Sold -
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Single Family Residences (SFR)
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
June 2015 Greater Las Vegas Market Update
Available Units
Average List Price
Pending Units
May Sold Units
30 Day Absorption
Rate
YTD Sold
Units
YTD Average
Sold Price
YTD AverageSP/Sq Ft
YTD Average
DOM
REO: 4 2,237,900 - - -
Short Sales: 3 1,470,000 10 1 33.3% 3 1,512,222 261 224
Equity: 486 2,715,387 64 27 5.6% 140 1,743,500 372 124
Total GLVAR: 493 2,703,935 74 28 5.7% 143 1,743,500 373 124
Greater Las Vegas Luxury Homes - $1,000,000 and Over
This data included all GLVAR listings and sales within the Greater Las Vegas market area: RES, VER
0
50
100
150
200
250
300
350
2012 2013 2014 2015
8 25 20 19
14
25 20 28 15
28 30
36
19
33 29
35
11
35
26
28
19
33
36
20
27
20
20
23
25
8
31
28
10
31
26
17
22
23
17
28
26
Greater Las Vegas Luxury Sales$1,000,000 and Over
Dec
Nov
Oct
Sep
Aug
Jul
Jun
May
Apr
Mar
Feb
Jan
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
June 2015 Greater Las Vegas Market Update
0
5
10
15
20
25
30
35
40
8
1415
19
11
1920 20
8
10
17 17
25 25
28
33
35
33
27
23
31 31
22
28
20 20
3029
26
36
20
25
28
26
23
26
19
28
3635
28
Greater Las Vegas Luxury Sales$1,000,000 and Over
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
Jan-
12
Feb-
12
Mar
-12
Apr-1
2
May
-12
Jun-
12
Jul-1
2
Aug-
12
Sep-
12
Oct-1
2
Nov-
12
Dec-
12
Jan-
13
Feb-
13
Mar
-13
Apr-1
3
May
-13
Jun-
13
Jul-1
3
Aug-
13
Sep-
13
Oct-1
3
Nov-
13
Dec-
13
Jan-
14
Feb-
14
Mar
-14
Apr-1
4
May
-14
Jun-
14
Jul-1
4
Aug-
14
Sep-
14
Oct-1
4
Nov-
14
Dec-
14
Jan-
15
Feb-
15
Mar
-15
Apr-1
5
May
-15
Greater Las Vegas Luxury Sales1,000,000 and Over
Median & Average Prices by Month
Median Average
Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only
Equity Title of Nevada (702) 432-1111
www.equitynv.com
June 2015 Greater Las Vegas Market Update
REO8%
Short Sales7%
Traditional Equity85%
May Closings by Type
Cash30%
Conv33%
FHA27%
VA8%
Other2%
May Closings by Sold Terms
Available
Sold -
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Single Family Residences (SFR)
YTD Closed 2014 YTD Closed 2015 Units Change % Change
14,839 14,757 (82) -0.6%
Area
Total
Currently
Listed
REO
Listed
SS
Listed
Classic
ListedSold % Sold
Months
Supply
Average
List Price
Average
Close
Price
Avg
DOM
North (101, 103) 763 42 147 574 322 42% 2.4 210,877 189,659 57
East (201-204) 653 57 114 213 239 37% 2.7 183,620 143,859 69
South (301-303) 593 30 64 499 290 49% 2.0 294,527 211,752 65
NW (102, 401-403, 405) 1454 57 174 1223 643 44% 2.3 332,841 230,339 53
Summerlin (404) 445 9 19 417 118 27% 3.8 675,106 368,025 56
SW (501-505) 1866 54 141 1671 612 33% 3.0 567,043 285,395 55
Henderson 1475 39 117 1319 424 29% 3.5 588,185 302,412 63
Boulder City 71 2 0 69 18 25% 3.9 640,007 297,132 98
Clark County Totals 7,320 290 776 5,985 2,666 36% 2.7 438,637 246,297 59
Nye / Pahrump 192 15 6 171 37 19% 5.2 237,246 193,328 130
Single Family Residence - May 2015
Area
Total
Currently
Listed
REO
Listed
SS
Listed
Classic
ListedSold % Sold
Months
Supply
Average
List Price
Average
Close Price
Avg
DOM
North (101, 103) 79 8 16 55 30 38% 2.6 104,521 109,769 55
East (201-204) 235 16 27 192 51 22% 4.6 72,762 69,217 62
South (301-303) 324 19 24 281 111 34% 2.9 102,508 99,116 66
NW (102, 401-403, 405) 395 18 43 334 124 31% 3.2 100,496 102,344 76
Summerlin (404) 71 1 1 69 32 45% 2.2 220,411 205,247 52
SW (501-505) 382 16 41 325 120 31% 3.2 131,534 116,155 56
Henderson 256 11 25 220 81 32% 3.2 188,236 149,037 73
Boulder City 19 0 0 19 4 21% 4.8 223,634 149,500 27
RES Totals 1761 89 177 1495 553 31% 3.2 122,998 115,176 65
Hi-Rise Condos 634 3 9 622 56 9% 11.3 764,779 592,407 127
Condominium & Townhouse - May 2015
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