Las Vegas Market Update - January 2015

December Closings by Type

REO
8%

Short Sales
10%

Traditional
Equity
82%

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Las Vegas Market Update - January 2015

December Closings by Sold Terms

VA
8%

Other
2%

Cash
34%

FHA
23%
Conv
33%

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Las Vegas Market Update - January 2015

Closed Sales Trend by Type

90.0%

80.0%

70.0%

60.0%

50.0%

40.0%

30.0%

20.0%

10.0%

0.0%

2009

2010

2011
REO

2012
Short

2013

Traditional

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

2014

Las Vegas Market Update - January 2015

SFR Market Prices

500,000

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

Average

Median

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Las Vegas Market Update - January 2015

Greater Las Vegas
SFR Average Equity Listing vs Sale Prices
Ave Available

600,000

Ave Listed

549,092

Ave Sold

496,023
500,000

442,862
420,512

406,578

400,000

Average Listing Price

in December was
$293,052

300,000

260,303
200,000

100,000

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Dec-14

Nov-14

Oct-14

Sep-14

Jul-14

Aug-14

Jun-14

Apr-14

May-14

Feb-14

Mar-14

Jan-14

Dec-13

Nov-13

Oct-13

Sep-13

Aug-13

Jul-13

Jun-13

Apr-13

May-13

Mar-13

Jan-13

Feb-13

Dec-12

Nov-12

Oct-12

Sep-12

Aug-12

Jul-12

Jun-12

May-12

Apr-12

Mar-12

Jan-12

Feb-12

Dec-11

Nov-11

Oct-11

Sep-11

Aug-11

Las Vegas Market Update - January 2015

Single Family Residential Closings
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

40,000

3456

3420

2961

35,000

2522
2492

30,000

2818

2604

2803

2922

2437
2441

3117

3117

3159

3535

2777

3118

2599

3242

2574
25,000

3358

2985
2684

3192
3331

20,000

2803

3240

3318

2983
3204
2505

10,000

2537
2413

5,000

3096

3267

1749

2183

1996
2510

2957
3460
2431
2217

2718

1739

2556
2266
3127

2187

1740

1547

2038

1985

2521
1787
1778

2783
879
968
974
990
1316
1318
1476
1568
1381
1605
1407
1397

0
2003

2004

2005

2006

2201

2666

2636

3076

2669

2182

2806
3706

3229
2819

3738

2007

3785

3164

2887

2948
3360

3255

2884

2008

2375

2943

2567

3629

2964
3111

2951

3084

3175

3384

2288

2390

2591

2224

2608

2509

3198

3074

2633

2980

2009

2010

2011

2675
2824

3049
2613

3534

1794
1478
1098
983

2405

2930

3185

2592

2026

2031

3413

2545

2226

2379

2995

3212

2097

3552
15,000

2498

1689

3397

2923

1644

2661

Down
12%
YTD

2958
3053
2931
2012

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

2537
2639
2284
2013

1993
2063
2014

Las Vegas Market Update - January 2015

Greater Las Vegas SFR Closings with Trend Line
4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Las Vegas Market Update - January 2015

SFR Monthly Closings By Type
2500

4000

3534
3500
2000
3000

2500
1500

2182
2000

1000
1500

1000
500
500

REO

Short Sales

Traditional

Total Closings

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Las Vegas Market Update - January 2015

Sales Price per Square Foot Trend
Single Family Residences
160

140

$116

120

100
S
P
/
S
q
F

80

$68

t
60

40

20

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Las Vegas Market Update - January 2015

C O N D O / TO W N H O M E C LO SINGS

718
776
805

674

674

704

708

800

726

850

586

Dec

521
543

Nov

493
859

703

Oct

603
443

565

919
570

810

742
799
725

864

595
691

728

846

810

Feb

544
609

691

680

594

621

600

442

2010

2011

2012

May

Mar

565

775

623

Jun

Jan

674

604

Jul

549

649

727

Aug

613

657

742

Sep

Apr
678

789

710

2009

544

656

690

440

546

613

824

737

497

612

843

917

410

586

506

529

461

479

461

2013

2014

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Las Vegas Market Update - January 2015

V E R T IC AL / H I-R ISE C L O SIN GS

76
50

77

59

44
68

45

66

Dec

53

70

61

68
56
62

45

74
59

56
62
61

69

83

May

58

Apr
Mar

64
50

86

65

86

79

74

61

63

60

58

60
56

89

50

49
84

2011

2012

Jul

53

75

76

Aug

Jun

70

91

Oct
Sep

58

68

Nov

2013

37

2014

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Feb
Jan

Las Vegas Market Update - January 2015

Single Family Residences (SFR)

16,000

14,000

12,000

10,000

8,000

6,000

Available

4,000

2,000

Sold

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Las Vegas Market Update - January 2015

Residential Listings Taken vs Listings Sold

8000

7000

6000

5000

4000

Listed

3000

2000

Sold

1000

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Las Vegas Market Update - January 2015

Available Bank Owned Property Trend
4,000

3,672
3,500

3,000

2,500

2,000

1,500

1,000

571
500

417

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Las Vegas Market Update - January 2015

Greater Las Vegas Luxury Sales
$1,000,000 and Over

350

28
22

26

300

250

200
17

31

26

23

28

27

25

20

35
26

Sep
Aug
Jul
Jun

29
28

19

30

25

15
14
8

20

25

20

0
2013

Apr
Mar
Feb

33

11

2012

Nov

May

19

50

Dec

Oct

36

20

100

23

33

17
10
8
20

150

31

2014

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Jan

Las Vegas Market Update - January 2015

Greater Las Vegas Luxury Sales
$1,000,000 and Over
40
36

35

35
33

33
31 31
30

30
28

28

27

29
28
26

25 25

25

26

25
23

23

22
19

20

19

26

20 20

20 20

20

17 17
14

15

15

11
10

10
8

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

Dec-14

Nov-14

Oct-14

Sep-14

Aug-14

Jul-14

Jun-14

May-14

Apr-14

Mar-14

Feb-14

Jan-14

Dec-13

Nov-13

Oct-13

Sep-13

Aug-13

Jul-13

Jun-13

May-13

Apr-13

Mar-13

Jan-13

Feb-13

Dec-12

Oct-12

Nov-12

Sep-12

Jul-12

Aug-12

Jun-12

Apr-12

May-12

Feb-12

Mar-12

Jan-12

Las Vegas Market Update - January 2015

GLVAR Residential Closed Units

Total Closings

Closings $200,000+

60,000

50,000

47,935
44,853
40,198

40,000

35,655
30,000

20,000

12,769
10,000

6,961

14,621

8,388

2011

2012

2013

Prepared by Forrest Barbee * Information deemed reliable, but not guaranteed * Resale Market Only

2014