July 2007 Las Vegas Valley Macro Markets Broken Down. All charts are listed on my website for your viewing.
Active Listings (green), Pending Contracts (yellow) and Sold (red) information was pulled from the Las Vegas Area MLS (GLVAR). Listings and Pendings as of 7/22/2007. Sold Information is from 6/10-7/10-2007. GLVAR deems information reliable but not guaranteed. Charts Prepared by Renee Burrows/Nevada Realty Solutions.
Chart 1: All Listings/Pendings & Solds
- Listings = 26330
- Pendings = 2825
- Sold = 1791
- Months Inventory = 14.7
Chart 2: All Single Family Residence Listings/Pendings & Solds
- Listings = 20525
- Pendings: 2289
- Sold = 1455
- Months Inventory = 14.1
Chart 3: All Townhome Listings/Pendings & Solds
- Listings = 1617
- Pendings = 189
- Sold = 131
- Months Inventory = 12.3
Chart 4: All Condominium Listings/Pendings & Solds
- Listings = 4044
- Pendings = 317
- Closed = 194
- Months Inventory = 20.8
Chart 5: Highrise/Midrise Condominium Listings/Pendings & Solds
- Listings = 1106
- Pendings = 109
- Closed = 26
- Months Inventory = 42.5
Chart 6: Condominiums Excluding Midrise & Highrise Listings/Pendings & Solds
- Listings = 2938
- Pendings = 208
- Closed = 168
- Months Inventory = 17.4
Chart 7: Single Family Homes Under $200K Listings/Pendings & Solds
- Listings = 443
- Pendings = 113
- Sold = 60
- Months Inventory = 7.3
Chart 8: Single Family Homes Between $200-250K Listings/Pendings & Solds
- Listings = 2863
- Pendings = 462
- Sold = 299
- Months Inventory: 9.5
Chart 9: Single Family Homes Between $250-325K Listings/Pendings & Solds
- Listings = 6352
- Pendings = 743
- Sold = 453
- Months Inventory = 14
Chart 10: Single Family Homes Between $325-400K Listings Pendings & Solds
- Listings = 4115
- Pendings = 433
- Sold = 269
- Months Inventory = 15.2
Chart 11: Single Family Homes Between $400-650K Listings/Pendings & Solds
- Listings = 4475
- Pendings = 390
- Sold = 278
- Months Inventory 16
Chart 12: Single Family Homes Between $650K-1 Million Listings/Pendings & Solds
- Listings = 1708
- Pendings = 113
- Sold = 93
- Months Inventory = 18.3
Chart 13: Single Family Homes $1 Million and Above Listings/Pendings &
Solds
- Listings = 1056
- Pendings = 85
- Sold = 36
- Months Inventory = 29.3
Chart 14: Condo/TH (Excluding Mid & High Rise) Under $200K Listings/Pendings & Solds
- Listings = 2378
- Pendings = 237
- Sold = 177
- Months Inventory = 13.4
Chart 15: Condo/TH (Excluding Mid & High Rise) $200-225K Listings/Pendings & Solds
- Listings = 769
- Pendings = 67
- Sold = 57
- Months Inventory = 13.5
Chart 16: Condo/TH (Excluding Mid & High Rise) $225-250K Listings/Pendings &
Solds
- Listings = 570
- Pendings = 41
- Sold = 37
- Months Inventory = 15.4
Chart 17: Condo/TH (Excluding Mid & High Rise) 250-300K Listings/Pendings &
Solds
- Listings = 518
- Pendings = 40
- Sold = 25
- Months Inventory = 20.7
Chart 18: Condo/TH (Excluding Mid & High Rise) 300-400K Listings/Pendings &
Solds
- Listings = 290
- Pendings = 12
- Sold = 11
- Months Inventory = 26.3
Chart 19: Condo/TH (Excluding Mid & High Rise) $400K & Above Listings/Pendings & Solds
- Listings = 146
- Pendings = 5
- Sold = 0
Go to my Website to View All Charts! All the Best,
Realtor®
Nevada Realty Solutions - Your Dream, Your Investment, You\'re Home!
8942 Spanish Ridge Avenue
Las Vegas, NV 89148
direct: 702-580-1783
fax: 702-995-8237
Renee@ReneeBurrows.com
http://www.ReneeBurrows.com
wow I am shocked at the amount of "months supply" you guys have. In a good market here when it was hoppin we had about a 2-3 month supply.. then when we took a swing in the other direction it went to about 10-11 months and now were are comfortable back at 5-7 months.
Statistics say anything under a 6 month supply is a hot market... I know I am swamped with listings and thank god contracts.... but boy you guys got it rough. Do you think its because you're considered a "vacation area"... just wondering?
great info Renee!
this shows you are definitely on top of the Las Vegas Real Estate Game!
Neal: Same here! It can be frustrating for sellers but they need to know and understand what is going on!
Desiree: We have a ton of inventory. Great time to buy right now!
David: Thank you my friend!
Renee,
I think they just cannot accept the fact that we are in a very different market...the ones who are getting desperate to sell are coming to grips with the situation.
very interesting post! stats are always good
Renee,
I love data! No question, you do too. What I'd like to know, and do not see here, is the Trending, or some would call it, the Month over Month, Year over Year analysis. The snapshots are great, but ow do they compare to the recent past?
I'm not being picky here, just wanting the last dots connected for me. PHX seems to lag just a bit behind LV lately, so if YOUR market is warming up (moving back toward sellers), we should expect the same very soon. That is what I'm hoping to see. Could you comment on the trending?