Kristen routh silberman las vegas residential real estate report current 2015

INFORMATIVE

TIMELY

ACCURATE

CURRENTsynergy Sotheby’s international realty

Southern Nevada Market Update Las Vegas 2015

Number of Single Family Homes Sold in 2014

Single Family Home Historical Data

Henderson

SEVEN HILLS • ROMA HILLS • MACDONALD HIGHLANDSFOUNTAINS • ANTHEM COUNTRY CLUB • LAKE LAS VEGAS

Seven HillS

Seven HillS HaS Seen itS SHare of troubleS tHeSe laSt 12 montHS. WitH a large drop in number of tranSactionS tHe average Sale price and median Sale price

botH roSe. it may be time to look at Seven HillS again.

2013

# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF

2014�

38 $868,934 $675,000 $2,380,000 $379,000 $175.913 $971,681 $870,400 $900,000 $165,000 $140.8

(25) $102,747 $195,400 ($1,480,000) ($214,000) (35.1)

MarketUpdate

roma HillS

tHiS enclave of cuStom eStateS located in tHe footHillS above green valley rancH SaW a SHarp decreaSe in number of tranSactionS, avergae & median Sale price and average price per foot. if you are looking for a value roma HillS

may be tHe place to begin your SearcH.

MarketUpdate

2013


2014�

10 $1,020,162 $933,500 $1,600,000 $616,000 $2085 $759,064 $995,000 $995,000 $490,320 $143

(5) ($261,098) ($61,500) ($605,000) $125,680 ($65)

macdonald HigHlandS

tHiS diStinctive cuStom Home community neStled in tHe black mountainS overlooking tHe entire laS vegaS valley iS Home to Some of tHe moSt notable cuStom HomeS bordering tHe dragonridge golf courSe. WHile tHe number of

tranSactionS dropped tHe average Sale price and price per foot botH roSe.

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.

MarketUpdate

2013


2014�

47 $1,332,118 $1,089,000 $3,300,000 $500,000 $10828 $1,379,689 $902,500 $4,339,570 $540,500 $244

(19) $47,571 ($186,500) $1,039,570 $125,680 $136

MarketUpdate

2013


2014�

17 $762,489 $750,000 $1,375,000 $464,000 $14015 $862,053 $815,000 $1,400,000 $510,000 $165(2) ($99,564) ($65,000) ($25,000) ($46,000) ($25)

antHem country club

tHiS excluSive guard gated private golf neigHborHood of upper end production HomeS, cuStom HomeS and cuStom Home lotS antHem featureS

a cHampionSHip golf courSe, Stadium quality tenniS courtS, clubHouSe, luSH reSort Style poolS and State of tHe art fitneSS center, aS Well aS gourmet

dining.

lake laS vegaS

lake laS vegaS HaS experienced an impreSSive bounce back from itS diSaSterS in tHe laSt feW yearS. WHile tHe number of tranSactionS dropped in 2014 tHe

average SaleS price roSe and tHe HigHeSt Sale nearly doubled.

MarketUpdate

2013


2014�

120 $754,345 $627,500 $3,500,000 $220,000 $19786 $783,586 $661,000 $3,910,000 $260,000 $218

(34) $29,241 $33,500 $410,000 $40,000 $21

MarketUpdate

2013


2014�

136 $385,423 $270,000 $1,285,000 $60,800 $150102 $500,916 $366,500 $2,500,000 $70,000 $174(34) $115,493 $96,500 $1,215,000 $9,200 $24

A funny thing happens in real estate. When it comes back, it comes back up like gangbusters.- Barbara Corcoran

11%

89135

57

August had the highest number of sales in 2014 over $500,000. February has the least amount of sales with only 6%.

SothebysRealty.com had over 6.8 million unique visitors in 2014 38% of which were from outside the United States.

There were 57 homes over $2,000,000 sold in Southen Nevada in 2014. 20 of which were over $3,000,000.

89135 was the zip code with the most activity. Over 12% of all sales over $500,000 were within 89135. 89031 had the least amount of sales with .08%

In addition to our market knowledge Synergy Sotheby’s International Realty has the worldwide reach of the brands network of over 720 offices across 52 countries and territories.

99 Hawk Ridge in the Ridges sold for $8,000,000 which was the highest sale in Southern Nevada in 2014.

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 effort to target buyers on the web. Specifically, 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 traffic generated for your home on each of these

websites, including sothebysrealty.com.

Las Vegas

THE RIDGES • TOURNAMENT HILLS • MOUNTAIN TRAILS CANYON FAIRWAYSEAGLE HILLS • BELLACERE • WILLOW CREEK • THE PALISADES • THE VINEYARDS

RED ROCK COUNTRY CLUB • COUNTRY CLUB HILLS • QUEENSRIDGE SOUTHERN HIGHLANDS

tournament HillS

tHiS luxury cuStom Home development borderS tHe tpc Summerlin golf courSe Home to tHe annual pga tour event and iS one of tHe moSt

preStigiouS neigHborHoodS in laS vegaS. WHile tHe number of tranSactionS Stayed conSiStent, tHe average Sale price dropped.

tHe ridgeS

located at tHe footHillS of tHe Spring mountainS tHiS HigHly SougHt-after guard gated community Had tHe HigHeSt Sale in all of SoutHern nevada. WHile tHe number of SaleS dropped SligHtly tHe average Sale price roSe.

MarketUpdate

2013


2014�

40 $2,227,272 $2,065,000 $6,500,000 $292,000 $33330 $2,352,358 $2,284,445 $8,000,000 $515,000 $372

(10) $125,086 $ 219,445 $1,500,000 $223,000 $39

MarketUpdate

2013


2014�

7 $2,512,857 $1,900,000 $6,850,000 $875,000 $2887 $1,975,714 $1,500,000 $3,800,000 $1,250,000 $3060 ($537,143) ($400,000) ($-3,050,000) $375,000 $18

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. WHile tHe number of tranSactionS dropped, ecHoing WHat moSt of tHe valley HaS Seen, tHe average Sale price roSe.

mountain trailS

neStled in tHe Summerlin maSter plan, mountain trailS HaS Seen more tranSactionS tHiS year even WHile tHe average Sale price roSe.

MarketUpdate

2013


2014�

4 $1,298,750 $1,272,500 $1,550,000 $1,100,000 $2026 $1,636,084 $1,507,500 $2,000,000 $1,340,000 $2512 $337,334 ($235,000) $450,000 $240,000 $49

MarketUpdate

2013


2014�

24 $867,988 $672,500 $1,770,000 $445,000 $19713 $1,074,538 $775,000 $2,700,000 $545,000 $233

(11) $206,550 $102,500 $930,000 $100,000 $36

eagle HillS

tHiS guard gated community neStled in tHe Heart of Summerlin SHoWed a conSiderable drop in tranSactionS, WHile tHe average Sale price roSe. SHoWing a reduction in tHe number of “diStreSSed” SaleS and more full time reSidentS.

Filler

bellacere

in tHiS guard-gated community of luxury HomeS, tHere are Some 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. tHe number of tranSactionS Stayed nearly conSiStent

WHile tHe average price roSe.

MarketUpdate

2013


2014�

20 $980,475 $957,250 $1,700,000 $600,000 $19316 $1,084,931 $1,070,000 $1,695,000 $709,000 $224

(11) $206,550 $102,500 $930,000 $100,000 $36

MarketUpdate

2013


2014�

5 $1,393,400 $1,480,000 $2,000,000 $787,000 $2374 $1,629,250 $1,483,500 $2,400,000 $1,150,000 $248

(1) $206,550 $102,500 $930,000 $100,000 $36

WilloW creek

tHiS enclave of luxury HomeS actually experienced a SligHt increaSe in average SaleS price reSulting from tWo key SaleS earlier in tHe year and

exceeded tHeir year on year median Sale price.

tHe paliSadeS

tHe guard gated development WitHin tHe Summerlin maSter planned community SaW a Significant decreaSe in number of tranSactionS WHile tHe average SaleS price roSe. WHile tHe HigHeSt Sale in 2014 WaS SligHtly reduced from 2013 tHe minimum

price roSe.

Filler

MarketUpdate

2013


2014�

9 $1,120,000 $1,075,000 $1,600,000 $875,000 $2285 $1,197,160 $1,200,000 $1,600,000 $875,000 $176

(4) $77,160 $125,000 - - ($52)

MarketUpdate

2013


2014�

17 $888,735 $790,000 $1,325,000 $502,500 $1888 $948,813 $850,000 $1,285,000 $638,000 $207

(9) $60,078 $60,000 (-$40,000) $135,500 $19

tHe vineyardS

tHiS private guard gated community WitHin Summerlin remained relatively Stable in termS of SaleS activity deSpite Having an overall pricing increaSe.

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 demand WitH luxury buyerS. tHiS year SHoWed a Significant decreaSe in number of tranSactionS WHile tHe median and

average Sale price roSe.

MarketUpdate

2013


2014�

9 $639,667 $653,000 $780,000 $475,000 $1658 $845,375 $792,500 $1,100,000 $684,000 $216

(1) $205,708 $139,500 $320,000 $209,000 $51

MarketUpdate

2013


2014�

107 $924,018 $820,000 $3,150,000 $159,000 $22359 $989,561 $900,000 $2,845,125 $148,000 $247

(48) $65,543 $80,000 ($304,875) ($11,000) $24

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 a decreaSe in SaleS activity aS Well aS tHe average and average Home SaleS pricing.

country club HillS

bordering tHe private tournament playerS club (tpc) Summerlin golf courSe, tHiS private community alSo SHoWed a SligHt decreaSe in number of tranSactionS WHile

average and median price roSe.

Filler

MarketUpdate

2013


2014�

48 $828,356 $760,000 $1,700,000 $460,000 $18144 $885,527 $802,500 $1,695,000 $395,000 $200(4) $57,171 $42,500 ($5,000) ($65,000) $19

MarketUpdate

2013


2014�

67 $776,834 $459,000 $6,400,000 $145,000 $17763 $756,159 $541,000 $3,119,000 $205,000 $191(4) ($20,675) $82,000 ($3,281,000) $60,000 $14

SoutHern HigHlandS

tHiS maSter planned community ancHoring tHe SoutHern portion of tHe valley and itS World-claSS golf courSe Serve aS one of tHe moSt

diStinctive developmentS in tHe valley. tHe luxury SegmentS WitHin tHe community SaW a decreaSe in activity over tHe year but actually SaW an

overall improvement in average and median SaleS pricing.

“It took me seventeen years to

get three thousand hits in base-

ball. I did it in one afternoon on

the golf course.”- Hank Aaron

MarketUpdate

2013


2014�

67 $776,834 $459,000 $6,400,000 $145,000 $17763 $756,159 $541,000 $3,119,000 $205,000 $191(4) ($20,675) $82,000 ($3,281,000) $60,000 $14

Gene Northup

c [email protected]

®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity

Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated, Except Offices Owned

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

including the Greater Las Vegas Association of Realtors® (GLVAR) proprietary Multiple Listing Service database. All

information contained herein is deemed to be accurate, but not guaranteed. This report focuses solely on Single Family Residential (SFR) properties, not including Condominiums, 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 not included in the figures.

Gene Northup

c [email protected]

Kristen Routh Silberman

c [email protected]

www.VegasLuxuryRealEstate.com

®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated, Except Offices Owned 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 including the Greater Las Vegas Association of Realtors® (GLVAR) proprietary Multiple Listing Service database. All information contained herein is deemed to be accurate, but not guaranteed. This report focuses solely on Single Family Residential (SFR) properties, not including Condominiums, 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 not included in the figures.

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Kristen routh silberman las vegas residential real estate report current 2015

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