presents statistics and market study. how to obtain the “statistics you must know” log onto...

PresentsStatistics and Market Study

How to obtain the “Statistics You Must Know”

Log onto MLXchange to

begin your compilations

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Total Active Residential ListingsSelect Property Subtypes: CON, SFR,TWH

Select Status: EA, ER

Select Areas from 101-702 (that includes all of Boulder City, Henderson, North Las Vegas and Las Vegas)

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Here is your total!

To Find Last Year Comparables, go to www.lasvegasrealtor.com and log in

Go to “Sale Stats” and

then “Monthly Stats” for

the information

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Once there, go to the Monthly MLXchange Statistics Report and find the comparable month

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Here you will find the

corresponding months for

comparison.As you can see

there were 6827 total listings

taken in August, 2005

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By comparison your can see

that 7,305 total

listings were taken in

August, 2006

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To determine this year’sAverage List Price,

go to Monthly Comparative Statistics

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Select the most recent statistics

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Here you can find the Average List Price and Average Sales Price for this year

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If you go to statistics under reports on MLXchange and go to report by Bedrooms

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Here is Average Market Time and List Price vs. Sales price ratio

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Proceed the same way for statistics for last year

• Go to Monthly Comparative Statistics for August, 2005 for Average List Price

• Then go to MLXchange reports and pull comp report by bedrooms, sold, res, areas 101 – 702 for actual close dates between 01/01/2005 and 12/31/2005

• You will then have the Average Market Time and List Price vs. Sale Price Ratio

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To Determine Last Year’s Average List Price

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Here is the Average List Price Last Year

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You can then find Average Market Time & List Price vs. Sales Price Ratio with the same

Comp report, but for last year

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To Determine Number Sold YTD

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To Determine Number Sold YTDLast Year

NOTE: Be

certain to add S & H status to get YTD

for last year!

To find Average Sales Price, Go to Annualized Statistics

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Then Go to Average Price

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Here are the results for Average Sales Price this year vs. last year

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You can use these number to determine appreciation or

depreciation• Single Family Average

– 2006 = $375,992

– 2005 = $324,252

– Difference of $51,740

– % change = + 14%

• Condominium Average

– 2006 = $225,769

– 2004 = $209,905

– Difference of $15,864

– % change = + 7%

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Market Study of Subdivision

• You will first determine the number of homes in the subdivision by going to the tax record in MLXchange

• Type in the subdivision name and proceed

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Here is Country Rose in SummerlinThere are 154 parcels of land in the subdivision

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All but 1 parcel is a home site

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There is a Market Study Template available for you to use to determine Age, Style and Square Footage

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To Determine the top 3 Listing Agents in the Subdivision, go to search

Put in Status = ER, EA, S, P, C

Area

Subdivision Name

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You have an Agent Inventory Template available to determine Top 3 Listing Agents in area

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If there is no dominant agent, find out which Brokerages are dominant

Click here to alphabetize

the field

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Now let’s move to the resource room and prepare Statistics and

a Market Study for your neighborhood!

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