www.LuxuryHomeMarketing.com LAS VEGAS NEVADA Home of the CLHMS TM 2023 JULY
19 8 16 14 26 31 23 36 47 72 51 78 75 71 44 1 1 0 3 0 1 6 4 4 14 21 15 11 15 14 $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 3 0% 2,000 - 3,499 $1,150,000 3 3 33 158 21% 3,500 - 4,999 $1,544,500 4 4 54 241 22% 5,000 - 6,499 $1,850,000 5 5 16 106 15% 6,500 - 7,999 $5,950,000 5 5 4 51 8% 8,000+ $5,200,000 5 5 3 52 6%
SINGLE - FAMILY HOMES
INVENTORY VS. SALES | JUNE
Luxury Benchmark Price 1: $1,000,000 Balanced Market 611 Total Inventory: 110 Total Sales: 18% 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
2023
LAS
VEGAS SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 $1,399,999 $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 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
TOTAL INVENTORY
TOTAL SOLDS
SALES PRICE
2022
Jun.
VARIANCE: - 22 % 779 611
SALE
VARIANCE: - 25 % 147 110
SALE TO LIST PRICE RATIO
VARIANCE: - 3 % 99.36% 96.19%
VARIANCE: 7 % $1.40m $1.50m
DAYS ON MARKET
SQFT. Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023
VARIANCE: 146 % 13 32