kristen routh-silberman's "current" - las vegas residential real estate report-...

INFORMATIVE

TIMELY

ACCURATE CURRENTSYNERGY Sotheby’s INTERNATIONAL REALTY

Las Vegas Market Update 2011 Year End Report

A Look BackL a s Ve g a s , 2 0 1 1

As we look back on 2011, we !nd ourselves starting to see the real estate market stabilize and a glimpse of a recovery as more and more people took advantage of the downward pressure in pricing.

We also saw improvements in short sales, including those in the higher market segments, many of which are now being completed within 90 days. "is is promising for those looking to sell but have been reluctant due to market conditions and untenable lender conditions to this point.

I hope you enjoy this annual market report in an e#ort to provide a comprehensive analysis of the Las Vegas market with a more detailed look at some of our most prestigious communities. It is my intent to provide this information for educational purposes, not to be considered a fair market value assessment of any single property. If I can be of any further assistance, please let me know.

Kristen Routh-Silbermanc [email protected]

Market Over $500,000

While there was not as much activity in this segment, those that did participate were able to get some excellent value opportunities. We saw the beginning of a trend for those looking to move up into that next level of home.

For Buyers

A select group of long-term investors have started looking at this segment in earnest as it has much better value opportunities than at the lower levels due to less competition.

For Investors

We did see some improvements in the timing and success of “short sales” at the higher levels. As to be expected, there continued to be a market for those unique and distinctive properties which held their value more so than other properties in the higher segments. However, with less activity at the upper levels, downward pressure on pricing overall GSRXMRYIH�XS�FI�WMKRM½GERX�JEGXSV�

For Sellers

Cash

Conventional

FHA

8]TIW�SJ�½RERGMRK�MR�LSQIWsold over $500,000

Short Sale

Bank Owned

Traditional

Types of transactions sold over $500,000

59% 17%

24%5%

50%

44%

Market Under $500,000

With over 93% of total transactions occurring under $300K, this segment was very active this past year. Despite having a considerable amount of MRZIWXSV� EGXMZMX]�� QER]� ½VWX�XMQI� LSQI� FY]IVW� SV�those relocating found great opportunities. Many of the bank-owned properties had a 30-day provision reserved for owner-occupied buyers which provided E�½VWX�PSSO�EHZERXEKI�SZIV�XLI�MRZIWXSVW�

For Buyers

With a very robust rental market coupled with record PS[� LSYWMRK� TVMGIW��[I� LEH� E� WMKRM½GERX� EQSYRX� SJ�investor activity in this segment of the market. While XLIVI�[IVI�QER]�[LS�[IVI� WYGGIWWJYP� EX�±¾MTTMRK²�properties, this strategy seems to be waning due to the amount of competition. As the gap between EGUYMWMXMSR�ERH�½REP�WEPIW�TVMGI�GSRXMRYIH�XS�REVVS[��WS�HMH�XLI�TVS½X�QEVKMRW�[I�LEH�WIIR�MR�XLI�TEWX�

For Investors

Sellers continued to face challenges with almost half SJ�EPP� PMWXMRKW�FIMRK�GPEWWM½IH�EW�E�±WLSVX�WEPI²��[LMGL�GER�FI�XLI�QSWX�HMJ½GYPX�XS�GPSWI��,S[IZIV��JSV�XLSWI�who were not “underwater” and were priced to market, found that they had an advantage over the competition and sold more quickly. Price competition from bank-owned properties continued to make it challenging for sellers.

For Sellers

CashVA

ConventionalOther

FHA

8]TIW�SJ�½RERGMRK�MR�LSQIWsold under $500,000

2%5%

21%

22%

50%

Cash

Conventional

Other

Types of transactions sold under $500,000

4%

51%45%

Number of Single Family Homes Sold in 2011

0

3,000

6,000

9,000

12,000

15,000

Under $50k 101-150 201-250 301-350 401-450 $500 - $1M $2M - $3M $4M - $5M

93% of All Sales in Southern Nevada$51,000 - $100,000

$101,000 - $150,000

$151,000 - $200,000

$201,000 - $250,000

$451,000 - $500,000

$500,000 - $1,000,000

$1,001,000 - $2,000,000

Under $50,000

$251,000 - $300,000

$301,000 - $350,000

$401,000 - $450,000

$351,000 - $400,000

$2,001,000 - $3,000,000

$3,001,000 - $4,000,000

$4,001,000 - $5,000,000

$5,001,000 and up

2,328 10,608 11,976 6,313 2,825 1,488 758 538 333 188 543 117 22 11 5 5

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

Number SoldAverage Sales Price

Single Family Homes Historical DataN

umbe

r of

Sin

gle

Fam

ily R

esid

ence

s So

ld

Ave

rage

Sal

es P

rice

Henderson

7):)2�,-007��631%�,-007��1%'(32%0(�,-+,0%2(7*3928%-27��%28,)1�'39286=�'09&��0%/)�0%7�:)+%7

SEVEN HILLS*

WHILE THE NUMBER OF TRANSACTIONS IN SEVEN HILLS DECREASED SLIGHTLY, THE MEDIAN SALES PRICE INCREASED WHILE THE NUMBER OF SHORT SALES DECREASED. THIS GIVES US THE INDICATION THAT SEVEN HILLS IS STABLIZING AS A WHOLE. WHILE THERE MAY STILL BE POCKETS OF TROUBLE, OVERALL, IT MAY BE TIME TO TAKE ANOTHER LOOK.

Filler

2010

# of Transactions Average Sales Price Median Sales Price % REO % Short Sales

2011$

33 $980,194 $855,000 24% 30%24 $971,681 $870,400 29% 25%(9) ($8,513) $15,400 5% (5%)

MarketUpdate

ROMA HILLS

THIS ENCLAVE OF CUSTOM ESTATES LOCATED IN THE FOOTHILLS ABOVE GREEN VALLEY RANCH SAW A DECREASE IN TRANSACTIONS BUT AN INCREASE IN AVERAGE SALES PRICE. BANK OWNED AND SHORT SALE TRANSACTIONS DECREASED, WHICH MAY BE AN INDICATOR OF A STABALIZING NEIGHBORHOOD.

2010


2011$

17 $814,353 $781,000 47% 41%8 $880,875 $759,500 25% 38%

(9) $66,522 ($21,500) (22%) (4%)

MarketUpdate

* Select Communites Within

Click here for current listings


MACDONALD HIGHLANDS*

THIS DISTINCTIVE CUSTOM HOME COMMUNITY NESTLED IN THE BLACK MOUNTAINS OVERLOOKS THE ENTIRE LAS VEGAS VALLEY, AND IS HOME TO SOME OF THE MOST NOTABLE CUSTOM HOMES BORDERING THE DRAGONRIDGE GOLF COURSE.

2010


2011$

34395

$954,468$707,962

($246,506)

$667,500$638,000($29,500)

32%18%

(14%)

32%41%9%

MarketUpdate

FOUNTAINS

WITH TREE LINED STREETS, THIS CUSTOM HOME DEVELOPMENT IS UNIQUE WITH A FEEL MUCH DIFFERENT FROM THAT OF THE TRADITIONAL LAS VEGAS STYLE HOMES. WHILE THERE WAS SLIGHTLY LESS ACTIVITY IN THIS DEVELOPMENT, PRICING WAS AFFECTED BY A FEW BANK-OWNED PROPERTIES THAT BROUGHT THE AVERAGE SALES PRICE DOWN.

2010 76

(1)

# of Transactions

$771,429$578,083

($193,346)

Average Sales Price

$740,000$540,000

($200,000)

Median Sales Price

0%67%67%

% REO

43%33%

(10%)

% Short Sales

2011$

MarketUpdate




ANTHEM COUNTRY CLUB

THIS EXCLUSIVE GUARD GATED GOLF NEIGHBORHOOD FEATURES UPPER END PRODUCTION, CUSTOM AND SEMI-CUSTOM HOMES. ANTHEM OFFERS A CHAMPIONSHIP GOLF COURSE, STADIUM QUALITY TENNIS COURTS, CLUBHOUSE, LUSH RESORT STYLE POOLS, STATE OF THE ART FITNESS CENTER.

MarketUpdate

2010

# of Transactions

119112(7)

Average Sales Price

$666,980$588,376($78,604)

Median Sales Price

$555,000$482,450($72,550)

% REO

24%19%(6%)

% Short Sales

30%27%(3%)

2011$

LAKE LAS VEGAS

LAKE LAS VEGAS HAS SUFFERED SOME DIFFICULT PRESS AND HARDER TIMES, BUT THINGS ARE LOOKING UP. WITH TWO BUILDERS ACTIVELY BUILDING THREE COMMUNITES AND BOTH THE NUMBER OF BANK OWNED AND SHORT SALES DECREASED FROM LAST YEAR, IT IS TIME TO DISPELL THE RUMORS AND TAKE A HARD LOOK AT LAKE LAS VEGAS FOR YOUR HOME.

2010


2011$

7368(5)

$426,618$466,121$39,503

$355,000$330,000($25,000)

41%24%

(18%)

27%4%

(23%)

MarketUpdate



±-�LEZI�FIIR�[EMXMRK�JSV�QSVI�XLER�½ZI�]IEVW�XS�SJJIV�XLMW�EHZMGI��-X�MW�RS[�XMQI�MR�QSWX�GMXMIW�EGVSWW�XLI�GSYRXV]�XS�FY]�E�RI[�LSQI�SV�VI½RERGI�]SYV�I\MWXMRK�LSQI�[MXL�XLMVX]�]IEV�½\IH�VEXI�QSVXKEKI�HIFX�²

- John R. Talbot 12/20/11

12%

89135

40

April had the highest number of sales in 2011 over $500,000. January had the least amount of sales with only 6%.

SothebysRealty.com had over 4 million unique visitors in 2011, 38% of which were from outside the United States.

There were 40 homes over $2,000,000 sold in Southern Nevada in 2011, 9 of which were over $4,000,000.

89135 was the zip code with the most activity. Over 19% of all sales over $500,000 were within 89135. 89121 had the least amount of sales with .16%

In addition to our market knowledge, Synergy Sotheby’s International Realty has the worldwide reach of the brand’s RIX[SVO�SJ�SZIV��SJ½GIW�EGVSWW�QSVI�than 40 countries and territories.

%� XVYP]� QEKRM½GIRX� PSGEXMSR�� RIWXPIH�in Makena on Maui’s South shore, this estate provides direct views of the blue TEGM½G��[LMXI�WYVJ�ERH�]IEV�VSYRH�WYRWIXW��This estate sold for $27,000,000 in July by Island Sotheby’s International Realty.

LIKENO

OTHER

With nine out of ten buyers beginning their real estate search online* the plan to sell your home must utilize proper

Internet exposure. Our approach includes websites far beyond sothebysrealty.com in an e#ort to target buyers on the web. Speci!cally, we employ ListHub to power the distribution of listings our network represents to all of the leading websites where consumers search for real estate. ListHub also

provides comprehensive marketing reports that detail the tra%c generated for your home on each of these

websites, including sothebysrealty.com.

Las Vegas

8,)�6-(+)7��83962%1)28�,-007��13928%-2�86%-07��'%2=32�*%-6;%=7)%+0)�,-007��&)00%')6)��;-003;�'6))/��8,)�4%0-7%()7��8,)�:-2)=%6(7

6)(�63'/�'39286=�'09&��'39286=�'09&�,-007��59))276-(+)�7398,)62�,-+,0%2(7

TOURNAMENT HILLS

THIS LUXURY CUSTOM HOME DEVELOPMENT BORDERS THE TPC SUMMERLIN GOLF COURSE, HOME TO THE ANNUAL JUSTIN TIMBERLAKE SHRINERS HOSPITALS FOR CHILDREN PGA TOUR EVENT AND IS ONE OF THE MOST PRESTIGIOUS NEIGHBORHOODS IN LAS VEGAS. THERE WERE LESS SALES THIS YEAR THAN LAST, HOWEVER THERE WERE SOME NOTEWORTHY SALES.

2010


2011$

5 $1,876,200 $1,740,000 40% 0%3 $2,630,000 $1,690,000 33% 0%

(2) $753,800 ($50,000) (7%) 0%

MarketUpdate

THE RIDGES

LOCATED AT THE FOOTHILLS OF THE SPRING MOUNTAINS, THIS HIGHLY SOUGHT-AFTER GUARD GATED COMMUNITY CONTINUED TO SEE A SIGNIFICANT NUMBER OF TRANSACTIONS OVER THE COURSE OF 2011 AS PRICING DECLINED SLIGHTLY GIVING WAY TO OPPORTUNITY FOR THOSE LOOKING TO MAKE A MOVE UP.

2010


2011$

20 $2,804,825 $2,400,000 5% 20%24 $2,376,295 $1,935,288 8% 21%4 ($428,530) ($464,712) 3% 1%

MarketUpdate



CANYON FAIRWAYS

THE CUSTOM HOMES OF THIS COMMUNITY SERVE AS A BOUNDARY FOR THE TPC LAS VEGAS GOLF COURSE AND ARE KNOWN TO HAVE EXPANSIVE VIEWS OF THE LAS VEGAS VALLEY. WITH ONLY A SLIGHT REDUCTION IN SALES PRICE VALUES OVER 2010, THIS COMMUNITY DID SEE SOME ADDITIONAL ACTIVITY.

2010


2011$

7 $1,297,459 $1,297,208 0% 14%9 $1,290,556 $1,100,000 0% 0%2 ($6,903) ($197,208) 0% (14%)

MarketUpdate

MOUNTAIN TRAILS

THIS CUSTOM HOME DEVELOPMENT HAD A VERY LARGE INCREASE IN SALES VOLUME FROM 2010, DUE IN PART TO SOME LOWER PRICED OPPORTUNITIES THAT CAME UP THROUGHOUT THE YEAR.

2010


2011$

1 $1,600,000 $1,600,000 0% 0%9 $1,153,889 $1,100,000 22% 33%8 ($446,111) ($500,000) 22% 33%

MarketUpdate



EAGLE HILLS

THIS GUARD GATED COMMUNITY, SET IN THE HEART OF SUMMERLIN, SHOWED A CONSIDERABLE INCREASE IN SALES VOLUME OVER 2010 WHILE MAINTAINING ITS AVERAGE AND MEDIAN SALES PRICE.

2010


2011$

4 $916,125 $868,750 0% 0%

8 $947,000 $858,000 13% 38%4 $30,875 ($10,750) 13% 38%

MarketUpdate

BELLACERE

THIS GUARD-GATED COMMUNITY OF LUXURY HOMES FEATURES SOME OF THE MOST EXTRAORDINARY VIEWS OF THE LAS VEGAS STRIP. THIS INTIMATE COMMUNITY IS NESTLED WITHIN THE SUMMERLIN MASTER PLAN AND IS LOCATED JUST OUTSIDE OF THE PUBLIC PGA TOUR COURSE. SUCCUMBING TO SOME DOWNWARD PRICING PRESSURES, THERE WERE SIGNIFICANTLY MORE SALES THIS YEAR THAN LAST YEAR AS INDIVIDUALS TOOK ADVANTAGE OF THESE GREAT VALUES.

2010


2011$

4 $2,768,500 $2,900,000 0% 0%8 $1,149,363 $867,500 25% 0%4 ($1,619,137) ($2,032,500) 25% 0%

MarketUpdate



WILLOW CREEK

THIS ENCLAVE OF LUXURY HOMES EXPERIENCED A SLIGHT INCREASE IN AVERAGE SALES PRICE, RESULTING FROM TWO KEY SALES EARLIER IN THE YEAR AND CAME CLOSE TO MAINTAINING THEIR YEAR ON YEAR MEDIAN SALE PRICE.

2010


2011$

9 $789,989 $850,000 22% 22%8 $984,000 $812,500 13% 38%

(1) $194,011 ($37,500) (10%) 15%

MarketUpdate

THE PALISADES

THIS GUARD GATED DEVELOPMENT WITHIN THE SUMMERLIN MASTER PLANNED COMMUNITY SAW A SIGNIFICANT INCREASE IN ACTIVITY OVER THE YEAR, DUE IN PART TO A FEW EXCEPTIONAL PRICING OPPORTUNITIES THAT TOOK PLACE IN THE SPRING AND FALL WHICH BROUGHT THE AVERAGE AND MEDIAN SALES PRICE DOWN.

Filler

2010


2011$

6 $809,167 $834,250 0% 17%12 $718,292 $736,450 42% 8%6 ($90,875) ($97,800) 42% (8%)

MarketUpdate



THE VINEYARDS

THIS PRIVATE GUARD GATED COMMUNITY WITHIN SUMMERLIN REMAINED RELATIVELY STABLE IN TERMS OF SALES ACTIVITY DESPITE HAVING A MINOR OVERALL PRICING DECREASE.

2010


2011$

11 $672,455 $710,000 27% 27%10 $620,293 $645,500 0% 10%(1) ($52,162) ($64,500) (27%) (17%)

MarketUpdate

Filler

RED ROCK COUNTRY CLUB

SET AGAINST THE BEAUTIFUL BACKDROP OF RED ROCK CANYON, THIS PREMIER COUNTRY CLUB RESIDENTIAL DEVELOPMENT IS HOME TO TWO GOLF COURSES AND CONTINUES TO BE IN HIGH DEMAND WITH LUXURY BUYERS. THIS YEAR SHOWED A SIMILAR LEVEL OF SALES VOLUME FROM 2010 WHILE EXPERIENCING A DECLINE IN BOTH AVERAGE AND MEDIAN SALES PRICE EARLY IN THE YEAR.

2010


2011$

91 $809,825 $700,000 19% 34%86 $784,893 $622,500 19% 26%(5) ($24,932) ($77,500) 0% (8%)

MarketUpdate



QUEENSRIDGE*

THIS MASTER PLANNED COMMUNITY IS HOME TO THE CHALLENGING BADLANDS GOLF COURSE AND PROVIDES A VARIETY OF LANDSCAPES THROUGHOUT. THE LUXURY SEGMENT OF THIS COMMUNITY SAW AN INCREASE IN SALES ACTIVITY AS WELL AS AN INCREASE IN THE AVERAGE AND MEDIAN HOME SALES PRICING, DUE PRIMARILY TO SOME SIGNIFICANT SALES IN THE FALL.

2010


2011$

32 $586,337 $520,500 25% 28%41 $884,066 $568,000 22% 24%9 $297,729 $47,500 (3%) (4%)

MarketUpdate

COUNTRY CLUB HILLS

BORDERING THE PRIVATE TOURNAMENT PLAYERS CLUB (TPC) SUMMERLIN GOLF COURSE, THIS PRIVATE COMMUNITY ALSO SHOWED AN INCREASE IN SALES VOLUME WITH ONLY A SLIGHT DECLINE IN AVERAGE AND MEDIAN HOME PRICES OVER THE YEAR.

Filler

2010


2011$

6 $650,667 $637,500 0% 17%10 $619,200 $613,500 10% 40%4 ($31,467) ($24,000) 10% 23%

MarketUpdate




”“SOUTHERN HIGHLANDS*

THIS MASTER PLANNED COMMUNITY ANCHORS THE SOUTHERN PORTION OF THE VALLEY AND WITH ITS WORLD-CLASS GOLF COURSE SERVE AS ONE OF THE MOST DISTINCTIVE DEVELOPMENTS IN LAS VEGAS. THE LUXURY SEGMENTS WITHIN THE COMMUNITY SAW A DECREASE IN ACTIVITY OVER THE YEAR BUT SAW AN OVERALL IMPROVEMENT IN AVERAGE AND MEDIAN SALES PRICING.

2010


2011$

50 $1,051,586 $850,000 24% 24%35 $1,256,509 $1,075,000 26% 17%

(15) $204,923 $225,000 2% (7%)

MarketUpdate

It took me seventeen years

to get three thousand hits

in baseball. I did it in one

afternoon on the golf course.

- Hank Aaron



PerspectivesL a s Ve g a s , 2 0 1 2

Market Over $500,000

WHILE A NUMBER OF “TREASURES” WERE PICKED UP IN 2011, THERE ARE LIKELY TO BE SOME MORE OPPORTUNITIES FOR THE DISCERNING BUYER IN 2012. SHORT SALE AND BANK OWNED PROPERTIES WILL CONTINUE TO BE A PART OF THE LANDSCAPE, BUT THEY ARE NO LONGER AS CHALLENGING TO CLOSE AS IN THE PAST. THIS PROVIDES MORE OPTIONS FOR THOSE WILLING TO GIVE CONSIDERATION TO THESE PROPERTIES IN WHICH MOST HAVE SHUNNED OR DISREGARDED DUE TO THE CHALLENGES IN CLOSING. THIS NEW YEAR SHOULD CONTINUE TO OFFER OPPORTUNITIES FOR THOSE TAKING ADVANTAGE OF MARKET CONDITIONS AND PERHAPS ADVANCING THEIR SCHEDULE IN MOVING UP TO THE NEXT LEVEL OF LUXURY.

For Buyers

THERE HAVE BEEN A NUMBER OF SUCCESSFUL “FLIPPERS” WHO HAVE ENTERED THE LUXURY SEGMENT OF THE MARKET AND FOUND RETURNS WITH DISCOUNTED MATERIALS AND LABOR AT THEIR DISPOSAL. THIS OPPORTUNITY IS LIKELY TO CONTINUE IN 2012, BUT THE GREATEST OPPORTUNITIES WILL BE HAD BY THOSE REAL ESTATE INVESTORS LOOKING TO BUY AND HOLD WHILE RECEIVING RENTAL INCOME ALL THE WHILE.

For Investors

THERE IS ALWAYS A MARKET FOR HIGH-QUALITY AND VERY DISTINCTIVE PROPERTIES, AND THAT CONTINUES TO HOLD TRUE FOR OUR MARKET. HOWEVER, THE HIGHER END OF THE SEGMENT HAS BEEN HAMPERED BY DOWNWARD PRICE PRESSURE AS THE NUMBER OF BUYERS HAS DECREASED SIGNIFICANTLY. PRESENTLY, MOST BUYERS ARE LOOKING AT THE VALUE OPPORTUNITIES AND THOSE PRICED TO MARKET ARE SELLING, ALTHOUGH WITH LONGER TIMEFRAMES THAN WE HAVE SEEN IN THE RECENT PAST.

For Sellers

Market Under $500,000

WHILE THE OVERALL INVENTORY HAS BEEN REDUCED AND THE NUMBER OF BANK OWNED PROPERTIES COMING TO MARKET HAS SLOWED CONSIDERABLY, THE NUMBER OF OPPORTUNITIES HAS BEEN REDUCED AS WELL. THIS IS NOT TO SAY THAT THERE ARE NOT OPPORTUNITIES TO BE HAD, BUT RATHER IT TAKES MORE TIME AND EFFORT TO GET THE GREAT DEALS.

For Buyers

INVESTORS HAVE BEEN VERY ACTIVE OVER THE PAST THREE YEARS AND WILL CONTINUE TO BE A LARGE PART OF THE MARKET. THE RETURNS ARE NOT AS EASILY FOUND AS THEY ONCE WERE WITH THE REDUCTION OF AVAILABLE INVENTORY. WHILE THERE IS STILL AN ACTIVE “FLIPPERS” MARKET, IT HAS DIMINISHED SOMEWHAT AND REPLACED BY INVESTORS ESTABLISHING OR EXPANDING THEIR RENTAL REAL ESTATE PORTFOLIO.

For Investors

AS WE CONTINUE TO SEE PRICING BOUNCE ALONG THE TROUGH OF OUR MARKET, IT IS CRITICAL FOR SELLERS TO BE REALISTIC IN THEIR PRICING OBJECTIVES. WE WILL CONTINUE TO SEE BANK-OWNED PROPERTIES COME TO MARKET AND AS MORE SHORT SALES ARE BEING SUCCESSFULLY SOLD IN SHORTER AMOUNTS OF TIME, COMPETITION WITH THE TRADITIONAL SALES MAY BECOME EVEN GREATER.

For Sellers

LIKE NO

OTHER

This is our world.

Because the worth of a homeMW�HI½RIH�MR�MX W�HIXEMPW�

THE WORTH OF A HOME can be found in details

that truly de!ne uniqueness - as simple as a centuries

old !replace that retains the historic prominance of

a time past, or as grand as a roo&op promenade atop

a landscape of city lights. So, to us, It’s not about

the size of the property, the number of bedrooms,

or even the price, but more about the distinct

character that makes a home noteworthy of being

called exceptional.

Kristen Routh-Silberman

c [email protected]

®,™ and SM are licensed trademarks to Sotheby’s -RXIVREXMSREP�6IEPX]�%J½PMEXIW��-RG��%R�)UYEP�3TTSVXYRMX]�'SQTER]��)UYEP�,SYWMRK�3TTSVXYRMX]��)EGL�3J½GI�-W�-RHITIRHIRXP]�3[RIH�%RH�3TIVEXIH��)\GITX�3J½GIW�3[RIH�And Operated By NRT Incorporated.If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.This report is intended to provide insight into the Las Vegas Residential resale market based on historical data. The data used in this report was obtained from multiple sources MRGPYHMRK�XLI�+VIEXIV�0EW�:IKEW�%WWSGMEXMSR�SJ�6IEPXSVW��+0:%6 �TVSTVMIXEV]�1YPXMTPI�0MWXMRK�7IVZMGI�HEXEFEWI��%PP�information contained herein is deemed to be accurate, but not guaranteed. This report focuses solely on Single Family 6IWMHIRXMEP��7*6 �TVSTIVXMIW��RSX�MRGPYHMRK�'SRHSQMRMYQW��Condominium-Conversions, Townhomes or Manufactured Housing unless otherwise noted. The information contained in this report is based on the MLS areas of 101-606 representing the greater Las Vegas, Nevada metropolitan area which includes Henderson, Nevada. Boulder City, Lee Canyon and Mt. Charleston are RSX�MRGPYHIH�MR�XLI�½KYVIW�