February 2014

Monthly Report

HE BOTTOM LINE Shifts in the Las Vegas housing market continue to sound alarms for some real estate professionals in the trenches. The latest concerns, while generally valid, are not

unusual. Recall the boom-time era when most were frustrated with the lack of inventory and waiting lists at new home communities? How about the depressed pricing levels that emerged
as the community moved from the nations fastest appreciating market to its fastest depreciating? Today, the market appears to be reaching a plateau in terms of pricing, but some have
concerns that the market is at some sort of inflection point. The reality is that median resale home prices have remained relatively stable during the better part of the past 9 months (between
$150,000 and $160,000), while effective availability has risen from 1.6 months to 3.5 months during the same 9-month period. The latest rises in resale availability are being somewhat masked by
the product that is available. To use a retailer metaphor, most inventory has been picked over, with some of the unwanted product likely to hit the discount store shelves or move to the clearance
section. Regardless of what these less-than-ideal homes fetch on the open market, flushing lower-grade inventory through the system will be necessary for the long-run stability of the market.
Pricing moderation is both necessary and appropriate. Remember, todays prices are more aligned with income levels than at any point in the past decade. During the height of the market, the
price-to-income ratio (median home price compared to the median household income) was nearly 6-to-1. At the bottom of the cycle (2011), the price-to-income ratio dipped to nearly 2-to-1.
Today, the ratio stands at just over 3-to-1 and is more reflective of a sustainable pricing dynamic than at any point in the previous boom-bust cycle.

NEW HOME HIGHLIGHTS

EXISTING HOME HIGHLIGHTS

NEW HOME CLOSINGS: New home closing volumes remain below levels reported one year ago. The 423 new
home closings in February represented a 14.9-percent decline from the prior year. For the year-to-date they are down
18.3 percent, yet they remain up 16.9 percent on a trailing 12-month basis. Recent softness in closing data is largely
sourced to a slowdown in contracting in mid- to late-2013.

EXISTING (RESALE) HOME PRICING: Pricing in the resale market has remained within a relatively tight range.
With a median of $158,000 in February, prices are comparable to the $158,500 in January. Compared to a year ago,
prices are up 21.5 percent. Prices per square foot held relatively steady at $103.

NEW HOME SUPPLY: Permitting activity during February was relatively modest with 377 new home permits
issued in the four jurisdictions in southern Nevada. Volumes are down from January and February 2013. On a yearto-date basis, they are down 23.1 percent and for the past 12 months, they are up a modest 1.3 percent.

EXISTING (RESALE) HOME CLOSINGS: Resale closing volumes have continued to trend down from the prior
year. The 3,058 closings in February reflect a 15.9-percent decline from 2013. Year-to-date closings are off 13.5
percent and for the past 12 months, they are down 8.2 percent.

NEW HOME PRICING: Price points also moderated in the latest month, with a median value of $292,225. Closing prices reflect a slight decline from Januarys $305,125 and a 26.2-percent increase from the same month of the
prior year. The price per square foot held stable month-to-month at $125.

RESALE AVAILABILITY (MLS LISTINGS): A total of 8,397 resale units are listed as available in the Multiple
Listing Service (MLS), doubling the level from one year ago. When compared to the volume of closings in the MLS,
effective inventory is 3.5 months, significantly more than the 1.3 months a year ago.

BANK FORECLOSURES (REPOSSESSIONS): Bank repossessions in February totaled 314 units (up 48.1
percent year-over-year).

NEW HOME MARKET SNAPSHOT

Median Home Price
Average Price Per Square Foot
No. of Closings - Month
No. of Closings - Year-to-Date
No. of Closings - Last 12 Months
New Home Permits - Month
New Home Permits - Year-to-Date
New Home Permits - Last 12 Months
Active Subdivisions
Average Sales per Subdivision

SalesTraq

Value

Annual Growth

$292,225
$125.47
423
824
6,891
377
817
6,531
149
2.84

+26.2%
+5.0%
-14.9%
-18.3%
+16.9%
-18.6%
-23.1%
+1.3%
-2.0%
-13.2%

6385 S. Rainbow Blvd., Suite 105

Las Vegas, NV 89118

EXISTING (RESALE) HOME MARKET SNAPSHOT

Median Home Price
Average Price Per Square Foot
No. of Closings - Month
No. of Closings - Year-to-Date
No. of Closings - Last 12 Months
Bank Repossessions - Month
Bank Repossessions - Year-to-Date
Bank Repossessions - Last 12 Months
MLS Listings (Available)
Effective MLS Inventory (in Months)

T: 702.949.3333

E: info@SalesTraq.com

SalesTraq.com

Value

Annual Growth

$158,000
$103.11
3,058
6,060
46,622
314
655
2,706
8,397
3.5

+21.5%
+18.6%
-15.9%
-13.5%
-8.2%
+48.1%
+40.9%
-16.2%
+108.8%
+167.4%

February 2014

Monthly Report
SalesTraq Fast-Facts
Page 1

New Home Sales

New Home Sales

$320,000

700

$300,000

600

$280,000

500

$240,000
Feb-12

300

$220,000

Feb-14

Oct-13

Dec-13

Aug-13

Apr-13

Jun-13

Feb-13

Oct-12

Dec-12

Aug-12

Apr-12

Jun-12

Feb-12

Average Sales
Per Subdivision

286 7.5% $196,483 3.3% $95.40 -1.7% 236 0.0% 241 2.6% 1.19 4.8%
514 43.2% 225 -5.9% 1.55 30.6%

Apr-12

350 38.9% $202,653 6.7%

$95.05 2.8%

596 90.4% 220 -9.8% 1.59 54.0%

$96.18 -1.3%

654 50.0% 221

-11.2% 1.87 63.8%

$180,000

May-12

413 45.4% $197,945 2.0%

Jun-12

373

Jul-12

468 49.0% $204,111 1.6%

$98.19 1.7%

549 92.0% 212

-13.1% 2.21 71.5%

Aug-12

602 59.7% $204,737 3.5% $105.44 8.6%

573 70.0% 206

-14.2% 2.92 86.0%

Sep-12
592 48.7% $198,845 -3.1% $102.64 4.0%
Median New Home Prices

437 73.4% 186

-22.8% 3.18 92.7%

$320,000
Oct-12
$300,000

4.5%

580 79.6%

$193,875 -3.7%

$216,045

9.4%

$103.32

$103.98

5.5%

5.6%

648 41.8%

543 175.6%

217 -13.2% 1.72

20.4%

184 -24.3% 3.15 137.1%

Nov-12

557 60.5% $219,000 5.7% $109.56 14.7%

Dec-12

605 65.8% $219,963 4.1% $108.21 16.1% 397 3.4% 184

-21.7% 3.29 111.7%

$280,000
$260,000

477 90.8% 181

-24.6% 3.08 112.8%

Jan-13
$240,000

512 138.1% $220,355 4.0%

$220,000
Feb-13

497 73.8% $231,573 17.9% $119.45 25.2%

463 96.2% 152

-36.9% 3.27 175.5%

$200,000
Mar-13

581 67.0% $222,201 8.7% $114.09 15.9%

680 32.3% 153

-32.0% 3.80 145.5%

Apr-13

650 85.7% $238,194 17.5% $109.08 14.8%

643 7.9% 151

-31.4% 4.30 170.6%

May-13

714 72.9% $255,565 29.1% $113.79 18.3%

764 16.8% 155

-29.9% 4.61 146.5%

Jun-13

616 65.1% $266,725 37.6% $116.21 12.5%

606 -6.5% 151

-30.4% 4.08 137.3%

Jul-13

636 35.9% $267,254 30.9% $118.86 21.0%

514 -6.4% 152

-28.3% 4.18 89.5%

Aug-13

755 25.4% $266,389 30.1% $122.99 16.6%

641 11.9% 153

-25.7% 4.93 68.9%

700

Sep-13

580 -2.0%

$267,856 34.7%

$126.08

22.8%

465

6.4%

155 -16.7% 3.74

17.6%

600

Oct-13

577 -0.5%

$289,521 34.0%

$127.70

22.8%

587

8.1%

153 -16.8% 3.77

19.6%

Nov-13

424 -23.9%

$293,738 34.1%

$125.20

14.3%

437 -8.4%

154 -14.9% 2.75 -10.5%

Dec-13

534 -11.7%

$300,469 36.6%

$123.57

14.2%

377 -5.0%

153 -16.8% 3.49

Jan-14

401 -21.7% $305,125 38.5% $125.67

8.3%

440 -26.5%

152 -9.5% 2.64 -13.4%

Feb-14

423 -14.9% $292,225 26.2% $125.47

5.0%

377 -18.6%

149 -2.0% 2.84 -13.2%

New Home Permits

New Home Permits

900
800

500
400
300
200
0

Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
Feb-13
Apr-13
Jun-13
Aug-13
Oct-13
Dec-13
Feb-14

100

$180,000

$116.05 26.0%

Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
Feb-13
Apr-13
Jun-13
Aug-13
Oct-13
Dec-13
Feb-14

Feb-12
Feb-12
Feb-12
Apr-12
Apr-12
Apr-12
Jun-12
Jun-12
Jun-12
Aug-12
Aug-12
Aug-12
Oct-12
Oct-12
Oct-12
Dec-12
Dec-12
Dec-12
Feb-13
Feb-13
Feb-13
Apr-13
Apr-13
Apr-13
Jun-13
Jun-13
Jun-13
Aug-13
Aug-13
Aug-13
Oct-13
Oct-13
Oct-13
Dec-13
Dec-13
Dec-13
Feb-14
Feb-14
Feb-14

Feb-14

Dec-13

Active
Subdivisions

$98.46 3.8%

200
$220,000
300
100
200
$200,000
0
100
$180,000
0

Dec-13
Feb-14

New Home
Permits

348 23.0% $204,370 3.0%

$200,000

Median New Home Prices

New Home
Avg $/SqFt

Mar-12

100

SalesTraq Fast-Facts
New Home Permits
Page 1
900 Median New Home Prices
800 New Home Sales
$320,000
800
700
$300,000
600
700
$280,000
500
600
$260,000
400
500
$240,000
300
400

New Home Median

Closing Prices

Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
Feb-13
Apr-13
Jun-13
Aug-13
Oct-13
Dec-13
Feb-14

200

New Home
Closings

$260,000

400

New Home Sales

Median New Home Prices

800

Note: Growth rate (%) reflects year-over-year changes

599 169.8%

168 -28.5% 3.05 233.1%

6.1%

February 2014

Monthly Report

Existing Home Sales

Existing Home Sales

$165,000

5,000

$155,000
$145,000

4,500

$125,000

3,500

620 -35.2% 7,873 -45.3%

2.2 -53.2%

Mar-12

5,299

2.4%

$105,000 -2.8%

$67.44

-3.9%

356 -83.2% 5,897 -58.7%

2.1 -48.8%

Apr-12

4,657 -7.3%

$107,000

0.5%

$68.57

-2.0%

258 -86.1% 4,738 -66.6%

1.3 -66.7%

$112,000

5.9%

$75.55

7.3%

408 -82.2% 4,577 -67.1%

1.1 -68.2%

Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
Feb-13
Apr-13
Jun-13
Aug-13
Oct-13
Dec-13

Feb-14

Oct-13

Dec-13

Aug-13

Apr-13

Jun-13

Feb-13

Oct-12

Dec-12

Aug-12

Apr-12

Jun-12

Feb-12

May-12

4,833 -5.6%

Jun-12

4,658 -18.3% $115,000 9.2%

$78.20 14.2%

313 -84.0% 4,636 -66.5%

1.2 -60.6%

Jul-12

4,078 -16.2% $116,000 11.5%

$79.81 16.9%

285 -81.3% 4,713 -62.8%

1.4 -58.4%

Aug-12

4,526 -21.1% $119,000 14.5%

$81.80 18.7%

272 -81.9% 4,911 -62.7%

1.4 -56.2%

Median Existing Home

Prices
Sep-12
3,684 -26.0%
$122,781 17.0%
$165,000

$79.60 16.1%

210 -81.0% 4,930 -61.4%

1.6 -51.3%

$79.67

18.3%

262 -71.8% 4,767 -61.0%

1.3 -57.8%

Oct-12

4,257

Nov-12

3,776 -17.4% $125,000 21.4%

$82.09 23.3%

186 -81.1% 4,694 -57.7%

1.5 -53.8%

Dec-12
$135,000

4,036 -21.7% $130,000 23.9%

$83.88 24.9%

213 -76.4% 4,516 -57.2%

1.3 -53.7%

$125,000
Jan-13

3,371 -23.7% $130,000 30.0%

$87.59 34.5%

253 -75.2% 4,226 -55.7%

1.6 -44.3%

$115,000
Feb-13

3,637 -16.0% $130,000 28.7%

$86.96 32.1%

212 -65.8% 4,022 -48.9%

1.3 -41.0%

Mar-13

3,862 -27.1% $138,151 31.6%

$90.42 34.1%

205 -42.4% 4,193 -28.9%

1.2 -42.6%

Apr-13

4,456 -4.3% $143,500 34.1%

$96.84 41.2%

188 -27.1% 4,316 -8.9%

1.2

May-13

4,685 -3.1% $142,150 26.9%

$95.43 26.3%

173 -57.6% 4,806 5.0%

1.3 12.9%

Jun-13

4,199 -9.9% $151,000 31.3%

$99.52 27.3%

119 -62.0% 5,750 24.0%

1.6 33.8%

Foreclosures (REOs)

Jul-13

4,455 9.2% $155,000 33.6% $101.96 27.7%

209 -26.7% 7,667 62.7%

2.2 60.7%

600

Aug-13

4,249 -6.1% $155,000 30.3% $101.68 24.3%

165 -39.3% 8,319 69.4%

2.6 94.7%

500

Sep-13

3,888 5.5% $154,995 26.2% $102.07 28.2%

235 11.9% 8,842 79.4% 2.8 80.3%

400

Oct-13

3,976 -6.6% $157,500 27.0% $104.88 31.6%

347 32.4% 8,631 81.1% 3.3 146.8%

300

Nov-13

3,339 -11.6% $160,000 28.0% $104.12 26.8%

190 2.2% 8,536 81.8%

3.3 122.5%

200

Dec-13

3,453 -14.4% $160,000 23.1% $104.50 24.6%

220 3.3% 8,288 83.5%

3.0 128.7%

Feb-14

Dec-

Aug-

Oct-13

Jun-13

Apr-13

Feb-13

Dec-

Aug-

Oct-12

Jun-12

Apr-12

Feb-12

100

Jan-14

3,002 -10.9% $158,500 21.9% $102.90 17.5%

341 34.8% 8,291 96.2% 3.4 115.7%

Feb-14

3,058 -15.9% $158,000 21.5% $103.11 18.6%

314 48.1% 8,397

108.8% 3.5 167.4%

$105,000

$95,000

1.4%

$124,000 18.1%

Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
Feb-13
Apr-13
Jun-13
Aug-13
Oct-13
Dec-13

Feb-12
Feb-12
Apr-12
Feb-12
Apr-12
Jun-12
Apr-12
Jun-12Aug-
Jun-12
Aug-12
Oct-12
Aug-12
Oct-12
Dec-
Oct-12
Dec-12
Feb-13
Dec-12
Feb-13
Apr-13
Feb-13
Apr-13
Jun-13
Apr-13
Jun-13
Aug-
Jun-13
Aug-13
Oct-13
Aug-13
Oct-13
Dec-
Oct-13
Dec-13
Feb-14
Dec-13
Feb-14

Feb-14

Dec-13

-8.9%

$145,000

Foreclosures (REOs)

$65.83

$155,000

700

Feb-14

Dec-

$165,000
600
5,500
$155,000
500
5,000
$145,000
400
4,500
$135,000
300
4,000
$125,000
200
$115,000
3,500
100
$105,000
3,000
0
$95,000
2,500

Available MLS
Effective MLS
Listings (Resale) Inventory (in months)

$101,000 -7.3%

$95,000

Existing Home Sales

Bank
Repossessions

7.7%

2,500

Median
Existing
Prices
Existing Home Home
Prices
700 Median

Existing Home
Avg $/SqFt

4,331

$105,000

Foreclosures (REOs)

Median
Closing Prices

Feb-12

$115,000

3,000

Existing Home
Closings

$135,000

4,000

Existing Home Sales

Median Existing Home Prices

5,500

Note: Growth rate (%) reflects year-over-year changes

-8.6%

February 2014

Monthly Report

Existing Home Sales

NON-DISTRESSED SALES (72.3%): Non-distressed

sales, sometimes referred to as equity sales or transactions that do not fall within one of the other three distressed categories listed below, reported an increasing
share of total closings. Approximately 72.3 percent of
closings were non-distressed with a total of 2,210 units
sold. The median price of these sales was $164,900, the
highest of all segments. They were also the pricing leader
on a price-per-square-foot basis at $107.

NUMBER OF SALES
Distressed Sales Categories
Auction
REO
Short Sale

MEDIAN CLOSING PRICE

Non-
Distressed

Total
All Types

Distressed Sales Categories

Auction
REO
Short Sale

Non-
Distressed

Total
All Types

Feb-12

628 1,679

923

1,101

4,331 $93,801 $99,900 $108,000 $104,500 $101,000

Mar-12

602 2,036

1,078

1,583

5,299 $89,450 $105,000 $109,000 $108,000 $105,000

Apr-12

423 1,652

1,071

1,511

4,657 $92,200 $110,000 $110,000 $108,000 $107,000

May-12

408 1,440 1,219

1,766 4,833 $109,350 $114,000 $110,000 $115,000 $112,000

Jun-12

345 1,217 1,028

2,068 4,658 $101,400 $120,000 $105,000 $120,000 $115,000

came a smaller component of the overall sales mix. A

total of 333 short sales closed, representing the lowest
total since the early 2009 timeframe. Short sale pricing
reflected a discount to non-distressed sales at $153,000
per unit. On a per-square-foot basis, short sales achieved
an average of $89, which was down slightly from the $91
reported one month ago.

Jul-12

355

782 1,267

1,674 4,078 $102,100 $120,000 $111,000 $121,667 $116,000

Aug-12

321

768 1,486

1,951 4,526 $109,000 $127,000 $112,000 $125,000 $119,000

Sep-12

224

548 1,315

1,597 3,684 $112,250 $127,690 $115,500 $130,000 $122,781

Oct-12

290

572 1,493

1,902 4,257 $113,850 $130,800 $117,900 $126,250 $124,000

Nov-12

231

494 1,235

1,816 3,776 $111,000 $137,013 $118,500 $128,000 $125,000

Dec-12

167

484 1,514

1,871 4,036 $110,100 $140,000 $129,450 $130,000 $130,000

BANK-OWNED PROPERTIES (10.7%): The number

Jan-13

235

449

911

1,776 3,371 $127,000 $149,000 $120,000 $134,945 $130,000

Feb-13

242

377 1,103

1,915 3,637 $120,250 $134,000 $126,000 $137,000 $130,000

Mar-13

222

364 1,094

2,182 3,862 $120,050 $143,846 $125,000 $146,000 $138,151

Apr-13

226

419 1,115

2,696 4,456 $135,550 $145,900 $125,118 $150,000 $143,500

May-13

313

376 1,137

2,859 4,685 $110,100 $145,501 $133,000 $150,000 $142,150

Jun-13

252

314 1,015

2,618 4,199 $133,013 $140,376 $135,000 $163,000 $151,000

AUCTION SALES (6.2%): The number of auction

Jul-13

378

316

933

2,828 4,455 $125,639 $158,250 $137,000 $165,000 $155,000

sales during February totaled 189 units, or 6.2 percent

of all activity. Recent closing volumes were 21.9 percent
below the prior year. For the past 12 months, closings
are down 25.9 percent to 2,847 homes. Auction sales
accounted for the lowest pricing segment with a median
of $133,406, which was consistent with Januarys median
of $133,000. Compared to a year ago, auction pricing is
up 10.9 percent. On a per-square-foot basis, auction sales
achieved a rate of $89, up from $84 last month.

Aug-13

247

344

807

2,851 4,249 $119,000 $144,950 $137,000 $165,000 $155,000

Sep-13

276

290

604

2,718 3,888 $120,600 $143,250 $140,000 $162,000 $154,995

Oct-13

268

292

643

2,773 3,976 $120,050 $142,250 $149,500 $165,000 $157,500

Nov-13

158

309

531

2,341 3,339 $119,412 $138,000 $149,000 $168,000 $160,000

Dec-13

147

334

544

2,428 3,453 $136,300 $145,250 $155,000 $164,950 $160,000

Jan-14

171

336

385

2,110 3,002 $133,000 $145,000 $158,500 $163,100 $158,500

Feb-14

189

326

333

2,210 3,058 $133,406 $145,728 $153,000 $164,900 $158,000

SHORT SALES (10.9%): Successful short sales be-

of REO closings represented about 1 in 10 resale closing

transactions in February 2014. A total of 326 REO closings
reflected a median resale price of $145,728, which was on
par with the price level reported in January 2014. Compared to a year ago, prices are up 8.8 percent. Prices per
square foot averaged $97, a slight increase from the $95
posted in January 2014.

Months of Housing Inventory by Zip Code

Las Vegas, Nevada
February 2014

Monthly Report

February 2014

SalesTraq

Effective
Housing Inventory

89143

89085

3.2

89131

3.0

89166

3.2

89002
89011
89012
89014
89015
89030
89031
89032
89044
89052
89074
89081
89084
89085
89086
89101
89102
89103
89104
89106
89107
89108
89109
89110
89113
89115
89117
89118

2.4
4.7
2.8
2.9
2.4
5.1
2.5
3.3
4.6
4.3
2.3
3.0
3.6
2.6
2.4
3.9
4.6
4.9
3.8
2.2
4.1
3.9
5.2
3.3
4.9
3.6
4.7
4.0

Zip Code
89119
89120
89121
89122
89123
89128
89129
89130
89131
89134
89135
89138
89139
89141
89142
89143
89144
89145
89146
89147
89148
89149
89156
89166
89169
89178
89179
89183

89130

Note: Effective inventory (in months) is computed based on

available (non-contingent) listings in the Greater Las Vegas
Association of Realtors Multiple Listing Service (MLS) and
resale closings in the MLS.

2.4

89031

2.3

Inventory

3.0
3.4
3.8
4.6
2.5
3.4
2.3
2.3
3.0
4.6
4.8
3.1
4.3
4.0
3.3
3.2
2.9
4.4
3.8
2.3
2.9
3.6
4.0
3.2
5.6
2.7
5.5
2.2

89086

89084

89149

3.6

Inventory

N/A

3.6

By Zip Code (in Months)

Zip Code

89087

2.6

89081

2.5

3.0

89115

3.6

89191

89129

2.3

89032

3.3

89030

89134

5.1

4.6

89138

3.1

89128

3.4

89144

2.9

89145

4.4

89117

4.7

3.9

89147

2.3

89148
89113

2.2

89107
89146

3.8

89110

89101

3.3

3.9

4.1

89104
89102

4.6

89103

3.3

89109 5.2
89169 5.6

89121

89119

3.0

4.0

4.3

89120

3.4

89123

2.5

4.7

89015

89074

2.3

2.4

2.8

89183

2.7

89124

89011

89014

89012

89178

5.5

4.6

2.9

89139

89179

89122

3.8

4.9

89004

89124

89142

3.8

4.9

89118

2.9

4.0

89106

89135

4.8

89156

89108

89002

2.2

2.4

89052

89141

4.3

4.0

89124

89044

4.6

Note: Inventory includes available homes (excluding contingent and pending properties) relative to closings.

3,000
2,500
2,000
1,500
1,000
500
0

Monthly Report

February 2014

EXISTING HOME CLOSINGS

By Type

Auction

By Price

SalesTraq Fast-Facts
Page 5

REO

Short Sale

Non-Distressed

SalesTraq is a comprehensive residential real estate research

and analysis solution. For more than two decades, SalesTraq
has been providing home pricing, sales and development data
to real estate agents, homebuilders, appraisers, buyers and
investors. Our firm also maintains an archive catalogue of
nearly 20,000 floor plans of Nevada homes. The following
highlights our products and services:

$180,000
$170,000
$160,000
$150,000
$140,000
$130,000
$120,000
$110,000
$100,000
$90,000
$80,000

5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0

Auction

$180,000
$170,000
$160,000
$150,000
Resale Closings
$140,000
Auction Sales
$130,000
$120,000
Short Sales
$110,000
REO Sales
$100,000
$90,000
Non-Distressed
$80,000

REO

Short Sale

SALESTRAQ STANDARD: A database of new residential construction in southern Nevada providing an easy-to-navigate
search feature. The product also includes access to nearly
20,000 searchable floor plans, which is ideal for listing presentations, brochures and more.
Auction

Non-Distressed

REO

Short Sale

Non-Distressed

SALESTRAQ PRO: In addition to the features of SalesTraq

Standard, the professional version includes reporting functions for residential permits, new home closing data, existing
(resale) home closings, final mapped lots and raw land sales
activity.

Key Statistics
Closings
12 Months

Pricing
100,000Avg PSF
Median

189

6%

2,847

6%

$133,406
80,000

$89

333

11%

9,141

20%

70,000
$153,000

$89

Month

326
Sales

11%

3,058

Auction

Home Closings

REO

60,000

4,020

9%

72% 30,614

66%

$164,900
40,000

$107

100% 46,622 100%

30,000
$158,000

$103

2,210

Total

90,000

Short Sale

$145,728

50,000

20,000
0

$350,000
$325,000
$300,000
$275,000
$250,000
$225,000
$200,000
$175,000
$150,000
$125,000
$100,000
$75,000

90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000

$350,000
$325,000
$300,000

'03

'04

'05

'06
'07
'08
Resale Homes

SalesTraq

'09

'10
'11
New Homes

'12

of February
Sales were VACANT

'04
'05
'06
'07
'08
'09
'10
'11
RESALE
HOMES
Median '03
Home
Prices
Resale Homes
New Homes

NEW HOMES

100,000

59%

of February
Sales were CASH

10,000

Non-Distressed

RESALE HOMES

47%

$97

FASTFACTS MONTHLY REPORT: The monthly statistical

publication on relevant housing market information trends
new and existing housing data. Information spans supply
and demand factors, including foreclosure activity and breakdowns of the type of transactions taking place.

'13

6385 S. Rainbow Blvd., Suite 105

'03

Las Vegas, NV 89118

'04

'05

'06
'07
'08
Resale Homes

T: 702.949.3333

'09

'12
'13
NEW
HOMES

'10
'11
New Homes

E: info@SalesTraq.com

'12

'13

SalesTraq.com

NEW HOME LINK: This marketing and research tool for

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