www.LuxuryHomeMarketing.com LAS VEGAS NEVADA Home of the CLHMS TM 2023 AUGUST
20 6 18 17 27 37 23 34 50 72 46 64 59 72 59 2 2 0 1 2 3 4 3 10 14 10 14 15 20 21 $9,300,000+ $7,600,000 - $9,299,999 $6,100,000 - $7,599,999 $5,100,000 - $6,099,999 $4,300,000 - $5,099,999 $3,500,000 - $4,299,999 $2,900,000 - $3,499,999 $2,500,000 - $2,899,999 $2,100,000 - $2,499,999 $1,700,000 - $2,099,999 $1,500,000 - $1,699,999 $1,300,000 - $1,499,999 $1,200,000 - $1,299,999 $1,100,000 - $1,199,999 $1,000,000 - $1,099,999 Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 NA NA NA 0 4 0% 2,000 - 3,499 $1,185,000 4 3 32 145 22% 3,500 - 4,999 $1,357,500 4 4 64 243 26% 5,000 - 6,499 $2,050,000 5 5 14 104 13% 6,500 - 7,999 $2,883,750 5 7 5 54 9% 8,000+ $8,375,000 6 6 6 54 11%
SINGLE - FAMILY HOMES
INVENTORY VS. SALES
Luxury Benchmark Price 1: $1,000,000 Balanced Market 604 Total Inventory: 121 Total Sales: 20% Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
LAS VEGAS
LUXURY
| JULY 2023
LAS VEGAS SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 $1,300,000 $1,399,950 $1,288,692 $1,537,906 $1,347,500 $1,512,500 $1,525,000 $1,350,000 $1,378,000 $1,350,000 $1,485,000 $1,495,000 $1,365,000 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23
TOTAL SOLDS
SALES PRICE
Jul. 2022
Jul.
2023