june 2015 greater las vegas market update fha 85%...june 2015 greater las vegas market update reo 8%...

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



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



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


REO9%

Short Sales29%Classic

62%

GREATER LAS VEGAS - CLOSINGS BY TYPE - 2013

Cash

52%

Conv27%

FHA

14%

VA5%

Other2%

2013 Closings By Sold Terms


Cash38%

Conv32%

FHA21%

VA7%

Other2%


REO10%

Short Sales12%

Traditional

Equity78%

Greater Las Vegas - Closings By Type - 2014

Cash32%

Conv33%

FHA25%

VA8%

Other2%


REO9%

Short Sales8%


Greater Las Vegas - Closings By Type - 2015



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



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)



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



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


Equity Title of Nevada (702) 432-1111

www.equitynv.com


REO8%

Short Sales7%


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

june 2015 greater las vegas market update fha 85%...june 2015 greater las vegas market update reo 8%...

Documents