www.LuxuryHomeMarketing.com LAS VEGAS NEVADA Home of the CLHMS TM 2023 JUNE
15 8 17 17 30 28 23 28 49 78 50 72 52 55 44 2 0 1 1 5 5 5 6 13 12 11 14 13 18 16 $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 5 0% 2,000 - 3,499 $1,200,000 4 4 27 137 20% 3,500 - 4,999 $1,340,000 4 5 59 218 27% 5,000 - 6,499 $2,125,000 5 5 23 108 21% 6,500 - 7,999 $3,995,000 5 7 9 49 18% 8,000+ $8,450,000 6 9 4 49 8%
SINGLE - FAMILY HOMES
INVENTORY VS. SALES
Luxury Benchmark Price 1: $1,000,000 Seller's Market 566 Total Inventory: 122 Total Sales: 22% 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
| MAY 2023
LAS
VEGAS SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 $1,300,000 $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 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23
TOTAL INVENTORY
TOTAL SOLDS
SALES PRICE
May 2022 May 2023
VARIANCE: - 8 % 617 566
VARIANCE: 1 % $380 $382
VARIANCE: - 26 % 164 122
SALE TO LIST PRICE RATIO
VARIANCE: - 4 % 99.55% 95.83%
VARIANCE: 14 % $1.30m $1.49m
DAYS ON MARKET
May 2022 May 2023 May 2022 May 2023 May 2022 May 2023 May 2022 May 2023 May 2022 May 2023
VARIANCE: 244 % 9 31