September 2021 Production Snapshot

[Pages:29]Las Vegas Market Update - October 2021

September 2021 Production Snapshot

Listings Available Pending Closed Taken Units Units Units

Median List Price

Average List Price

Median Sold Price

Average Sold Price

Months of

Inventory

30 Day Absorption

Rate

Average DOM

SFR 3,925 3,946 4,186 3,222 490,000 791,901 406,500 486,246

1.2 81.7% 19

CON/TWH 912 738 1,115 873 239,500 296,842 230,000 251,367

0.8 118.3% 22

Total Residential 4,837 4,684 5,301 4,095 393,894 488,940 375,000 431,629

1.1 87.4% 20

Hi-Rise 158 345 151 100 485,000 955,177 348,400 492,303

3.5 29.0% 76

Multiple Dwelling 49

52 73 47 450,000 500,229 450,000 418,359

1.1 90.4% 21

Vacant Land 312 2,401 269 168 61,500 334,382 51,500 181,079 14.3

7.0% 164

Listings Taken

Available Pending YTD Sold Units Units 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+

236

611 217 1,274 1,750,000 2,757,838 1,425,000 1,924,591

6 29.8% 53

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 * Based on September 2021 Data

Las Vegas Market Update - October 2021

August 2021 Production Snapshot

Listings Available Pending Closed Taken Units Units Units

Median List Price

Average List Price

Median Sold Price

Average Sold Price

Months of

Inventory

30 Day Absorption

Rate

Average DOM

SFR 4,277 3,934 4,134 3,230 490,000 791,901 403,995 478,051

1.2 82.1% 16

CON/TWH 1,071 836 1,090 893 234,950 272,707 229,900 253,609

0.9 106.8% 19

Total Residential 5,348 4,770 5,224 4,123 393,894 488,940 375,000 429,439

1.2 86.4% 16

Hi-Rise 164 342 155 126 467,000 884,448 353,000 474,692

4.7 36.8% 80

Multiple Dwelling 45

48 78 34 448,950 466,079 432,500 435,262

1.4 70.8% 13

Vacant Land 448 2,355 255 199 64,900 338,038 50,000 251,937 11.8

8.5% 145

Listings Taken

Available Pending YTD Sold Units Units 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+

254

590 216 1,146 1,712,500 2,742,040 1,450,000 1,937,658

6 27.7% 36

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 * Based on September 2021 Data

Las Vegas Market Update - October 2021

Las Vegas REALTORS * Available Units

CON/TWH 738

15.2%

Hi-Rise 158 3.3%

Single Family Residence 3,946 81.5%

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only * Based on September 2021 Data

Las Vegas Market Update - October 2021

Las Vegas REALTORS *Units Sold * Last Month

CON/TWH 873

20.6%

Hi-Rise 151 3.6%

Single Family Residence 3,222 75.9%

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only * Based on September 2021 Data

500,000 450,000 400,000 350,000 300,000 250,000

200,000 185,042 145,301

150,000 100,000

Las Vegas Market Update - October 2021

Greater Las Vegas SFR Average List vs Closed Sale Prices

459,646

Average Over Pricing is $61,915

397,731

261,350

"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

R12 Ave Listed R12 Ave Sold

Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only * Based on September 2021 Data

Las Vegas Market Update - October 2021

Available SFR Inventory Days on Market With No Current Offer

91 - 120 DOM 4%

> 120 DOM 9%

61 - 90 DOM 10%

46 - 60 DOM 12%

0 - 45 DOM 65%

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only * Based on September 2021 Data

Las Vegas Market Update - October 2021

SFR Closed Sales in Selected Communities - Last Six Months

Aliante An th em Cadence Centennial Hills Desert/South Shores Green Valley Green Valley Ranch Inspirada Iron Mountain Ranch Lake Las Vegas Lone Mountain MacDonald Highlands Mountains Edge Peccole Ranch Providence Red Rock Cntry Club Rhodes Ranch Seven Hills Siena (SFR & TWH) Silverado Ranch Silverstone Ranch Sky e Cany on Southern Highlands Spring Valley Su m m erl i n Sun City Anthem Sun City Summerlin The Lakes The Ridges Tuscany

Other Groups Clark County Boulder City Pahrump/Ny e High Rise Sales Luxury Sales ($1M+)

2021 Apr

28 15 17 38 28 46 13 29 15 17 13 10 81 19 50 12 32 18 15 47 12 14 61 29 101 33 51 25 9 16

3,450 23 77 130 166

M ay

34 12 21 32 30 52 19 32 14 13 11 2 70 13 56 12 26 22 12 41 5 18 56 32 66 35 38 15 8 11

3,112 19 80 102 154

Jun

43 8 19 30 22 57 28 30 11 14 5 8 84 17 42 13 31 22 17 58 11 14 68 33 82 38 41 21 6 17

3,467 25 83 129 170

Jul

30 18 11 50 29 58 16 25 17 15 19 6 81 17 37 10 33 23 23 44 6 15 64 30 60 38 28 26 10 20

3,299 20 61 130 167

Aug

27 3 19 39 25 60 14 21 9 10 8 4 69 17 52 4 31 21 16 37 13 7 50 25 65 38 30 27 4 12

2,159 19 58 126 122

Sep

25 10 18 34 22 14 22 31 11 7 18 4 67 8 44 9 24 22 7 36 8 9 52 19 68 33 42 22 8 17

Sparklines

Months of Inventory

2 1 2 1 1 2 1 1 2 7 1 5 1 2 1 2 2 2 3 2 2 2 2 2 2 2 2 1 3 1

Ave SP Last 6 M on th s 456,855 594,765 487,515 466,579 510,215 508,891 558,222 562,213 478,719 1,128,074 585,239 3,672,909 454,501 469,842 436,142 1,533,582 517,703 1,058,976 596,449 433,313 504,022 544,600 772,699 404,958 752,162 589,153 490,191 510,188 3,526,933 552,027

Ave Days to

Sell 12 22 14 15 22 14 11 18 7 44 27 17 12 37 12 20 14 22 24 17 21 14 14 13 19 32 15 13 84 27

3,131 18 60 100 133

2

492,126

19

2

512,207

41

2

342,336

29

4

550,047

76

7

1,937,983

40

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only * Based on September 2021 Data

Las Vegas Market Update - October 2021

SFR Closed Average Sales Prices in Selected Communities - Last Six Months

Aliante Anthem Cadence Centennial Hills Desert/South Shores Green Valley Green Valley Ranch Inspirada Iron Mountain Ranch Lake Las Vegas Lone Mountain MacDonald Highlands Mountains Edge Peccole Ranch Providence Red Rock Country Club Rhodes Ranch Seven Hills Siena (SFR & TWH) Silverado Ranch Silverstone Ranch Sky e Cany on Southern Highlands Spring Valley Su m m erl i n Sun City Anthem Sun City Summerlin The Lakes The Ridges Tuscany

Other Groups Clark County Boulder City Pahrump/Ny e High Rise Sales Luxury Sales ($1M+)

2021 April

391,711 765,687 477,768 478,084 501,429 496,924 565,827 576,067 438,240 1,410,051 563,531 3,163,587 435,537 496,063 414,520 1,357,996 469,790 1,097,611 534,733 407,210 437,233 505,841 646,215 420,217 807,787 528,960 471,029 541,856 4,287,111 525,719

478,990 500,039 326,074 644,185 2,059,323

M ay

427,276 505,292 472,505 451,833 476,792 504,745 505,216 530,251 467,814 977,448 519,091 2,250,000 424,018 431,223 433,229 1,724,583 483,627 1,335,477 573,075 476,256 526,460 506,313 1,004,933 389,408 754,354 603,677 480,758 440,093 3,631,875 491,145

489,598 458,442 327,973 542,633 1,957,693

June

456,047 494,800 484,315 477,867 520,546 508,205 550,346 551,551 431,082 1,213,286 401,255 5,687,941 437,528 428,253 430,233 1,466,154 503,323 1,194,727 581,994 433,648 523,955 558,759 784,270 382,261 675,706 636,961 515,334 459,905 2,513,167 582,529

500,561 565,939 355,318 577,242 2,039,643

July

465,848 585,994 499,226 442,381 555,964 512,212 614,036 555,027 486,235 1,139,357 497,026 2,852,834 454,815 490,412 452,459 1,480,000 576,669 701,253 576,409 432,795 521,020 595,590 665,239 406,593 802,184 610,921 496,193 585,963 3,302,400 577,710

507,092 577,748 345,591 554,572 1,901,203

August

508,033 554,967 487,644 431,122 483,110 512,473 491,929 560,364 542,222 931,560 970,938 4,218,124 502,382 498,937 442,343 1,141,250 550,639 875,698 668,656 424,722 504,692 564,364 806,360 441,488 692,225 569,482 489,149 468,770 3,905,000 582,792

September

505,368 553,450 510,317 533,894 527,139 537,286 611,124 599,611 531,864 809,143 614,139 2,312,500 480,864 453,163 449,013 1,844,333 513,458 1,164,045 704,671 427,404 548,938 559,088 755,738 396,632 772,765 576,473 494,191 531,270 3,418,750 533,746

Price M ovemen t

482,130 434,447 354,414 472,242 1,798,819

490,896 519,133 349,414 492,303 1,807,610

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only * Based on September 2021 Data

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